NOT LISTED FOR SALE

Estimated Value: $623,000 - $1,270,000

3 Beds
-- Bath
-- Sq Ft
9,017 Sq Ft Lot

Last Sold November 09, 2023

Last sale price $1,220,000

Est. 10% decrease in value since last sale

Current estimated payment $6,321/month

36 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2023

Triplex Trifecta! Location, quality and price! Gorgeous Ralph Haver inspired multi family complex of ALL 2/2s with washer/dryers right smack dab in Biltmore and Arcadia! Don't miss out on this wonderfully updated NO HOA investment that will continue to embody all of the MCM charm that people are looking for. Units can be vacant at closing for a buyer looking to STR OR traditional leases arranged with 2 current tenants at market rents. Walk to numerous dining destinations, shopping, Los Olivos park and nightlife. All units metered separately. This property checks all the boxes to be run as a profitable short term rental. There is even room for a pool! Don't miss out. The possibilities are limitless.

Last Agent to Sell the Property

Joseph Roth

DeLex Realty License #SA641976000 Listed on: 08/14/2023

DeLex Realty

Last Buyer's Agent

irene tsai

West USA Realty License #SA702783000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,139

Year Built

  • Built in 1962

Lot Details

  • 9,017

Home Design

  • Composition Roof
  • Block Exterior
  • Siding

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Madison Elementary School
  • Madison Park Middle School
  • Camelback High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 163-01-045

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $5,269
  • Gross Income $73,929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,139

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 32nd Street & Glenrosa Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2022
  • Directions: ARMLS lockbox on patio of the unit closest front to the driveway. That unit is the one that is currently able to be shown. Feel free to walk the complex, but don't bother other tenants please
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved, Free, Assigned, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks, Individual Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 500.0

Schools

  • Elementary School: Madison Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Park School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 163-01-045

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 3
  • Annual Gross Income: 73929.0
  • Insurance Expense: 880.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 5269.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3139.0
  • Tax Book Number: 163.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2025
Sold by
Tsai Frank and Lam-Tsai Yvette
Bought by
3140 Glenrosa Llc
Current Estimated Value
$1,094,212

Purchase Details

Listed on
Aug 14, 2023
Closed on
Nov 13, 2023
Sold by
Met 4 Properties Llc
Bought by
Tsai Frank and Lam-Tsai Yvette
Seller's Agent
Joseph Roth
DeLex Realty
Buyer's Agent
irene tsai
West USA Realty
List Price
$1,290,000
Sold Price
$1,220,000
Premium/Discount to List
-$70,000
-5.43%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.05%
Original Mortgage
$717,000
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2023
Sold by
Carbonell Evan
Bought by
Met 4 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$666,000
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2021
Sold by
Carbonell Evan and Minjaes Daniela M
Bought by
Carbonell Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2017
Closed on
Nov 2, 2017
Sold by
C & W Investments Llc
Bought by
Carbonell Evan and Minjar Daniela M
Seller's Agent
Chase Emmerson
Emmerson Enterprises, Inc.
Buyer's Agent
Joseph Roth
DeLex Realty
List Price
$625,000
Sold Price
$620,000
Premium/Discount to List
-$5,000
-0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$424,100
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2016
Sold by
Schneider Mary Lou
Bought by
Cathedral Ministries International

Purchase Details

Closed on
Jul 11, 1996
Sold by
Merker Donna L
Bought by
Edelman Ran
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
3140 Glenrosa Llc -- None Listed On Document
Tsai Frank $1,220,000 Chicago Title Agency
Met 4 Properties Llc -- --
Carbonell Evan -- Pioneer Title Agency Inc
Carbonell Evan $620,000 Security Title Agency Inc
Cathedral Ministries International -- None Available
Edelman Ran -- --
Edelman Ran -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsai Frank $717,000
Previous Owner Met 4 Properties Llc $666,000
Previous Owner Carbonell Evan $421,000
Previous Owner Carbonell Evan $424,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $1,220,000 -5.4% --
11/02/2023 11/02/23 Price Changed $1,290,000 0.0% --
11/02/2023 11/02/23 For Sale $1,290,000 0.0% --
08/14/2023 08/14/23 For Sale $1,290,000 +108.1% --
11/08/2017 11/08/17 Sold $620,000 -0.8% --
09/09/2017 09/09/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $625,000 +78.6% --
04/07/2017 04/07/17 Sold $350,000 -22.2% --
03/18/2017 03/18/17 Pending -- -- --
03/17/2017 03/17/17 Price Changed $450,000 -13.5% --
03/13/2017 03/13/17 Price Changed $520,000 -1.0% --
03/03/2017 03/03/17 For Sale $525,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,332 $28,570 -- --
2024 $3,453 $27,209 -- --
2023 $3,453 $66,630 $13,320 $53,310
2022 $3,139 $50,430 $10,080 $40,350
2021 $3,183 $43,950 $8,790 $35,160
2020 $3,133 $39,220 $7,840 $31,380
2019 $3,063 $29,610 $5,920 $23,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6592342

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-01-307