NOT LISTED FOR SALE

Estimated Value: $621,000 - $878,000

Studio
-- Bath
1,863 Sq Ft
$421/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2022

Last sale price $750,000 $403 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,493 / mo

2 Days on Market

Highlights

  • Zoned Heating System
  • Desert Landscape
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Two cooling system units
  • 3-minute walk to Portland Parkway Park

About This Home

As of June 2022

This is your opportunity to own a piece of history on one of downtown Phoenix's most beautiful and sought after streets. Both units of this duplex have been tastefully remodeled while preserving much of the historic charm, and have 2 beds and one bath, with a full size laundry room, a large walk in pantry, and a large back yard and separate side yard. Surrounded by large single family homes in the historic Roosevelt district of downtown, this investment property is a one of a kind, and is in high demand from renters. This will make an excellent short term rental, mid term rental, or keep the long term tenants in place. Current tenants are MTM, bringing in 3645 a month. Owner pays water, sewer, trash.

Last Agent to Sell the Property

Michael Gordon

Get Multifamily License #BR688636000 Listed on: 06/10/2022

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,219

Year Built

  • Built in 1945

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Blinds
  • Fire and Smoke Detector

Parking

  • Free Parking
  • On-Street Parking
  • Open Parking

Schools

  • Kenilworth Elementary School
  • Central High School

Utilities

  • Two cooling system units
  • Zoned Heating System
  • Air Source Heat Pump
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Legal Lot and Block 6 / 4
  • Assessor Parcel Number 111-32-060-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR
  • Kenilworth Blks 1 6 Subdivision

Building Details

  • Operating Expense $6,551
  • Gross Income $48,216
  • Net Operating Income $41,665

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,219

Year Built

Built in 1945

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 3RD AVENUE AND ROOSEVELT ST
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: KENILWORTH BLKS 1-6
  • Tax Parcel Letter: A
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Heat Pump, Electric, Individual, 2 or More Units, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Mini Blinds

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Curb(s) & Gutter(s), Sidewalk(s), Landscape Water System, Green Landscaping, Desert Landscaping, Fenced, Cable TV Available

Garage/Parking

  • Parking Features: Open, On Street
  • Attached Garage: No
  • Parking Features:Parking Features: Free, On Street

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Electric, Varies by Unit, 2 or More Units, Ceiling Fan(s)
  • Heating: Zoned, Electric, Heat Pump, Varies by Unit, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 1980.0

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Kenilworth Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 111-32-060-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 48216.0
  • Insurance Expense: 912.0
  • Property Net Operating Income: 41665.0
  • Annual Operating Expense: 6551.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2219.0
  • Tax Block: 4
  • Tax Lot: 6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2022
Sold by
Bought by
Current Estimated Value
$793,393

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jun 22, 2022
Sold by
Bought by
Seller's Agent
Michael Gordon
Get Multifamily
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$680,000
Sold Price
$750,000
Premium/Discount to List
$70,000
10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.09%

Purchase Details

Listed on
Dec 20, 2013
Closed on
Jan 23, 2014
Sold by
Bought by
Seller's Agent
Marlene Cerreta
Cerreta Real Estate
Buyer's Agent
Stephanie Cerreta
HomeSmart
List Price
$215,000
Sold Price
$204,750
Premium/Discount to List
-$10,250
-4.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.67%
Original Mortgage
$173,900
Interest Rate
0.0446%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 8, 2013
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
0.0137%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 24, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,400
Interest Rate
0.0581%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
0.09%

Purchase Details

Closed on
May 5, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 1996
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$750,000 New Title Company Name
$204,750 Title365 National Solutions
$285,596 None Available
-- None Available
$375,000 --
-- --
$200,500 First Financial Title Agency
-- Grand Canyon Title Agency In
-- Capital Title Agency
$78,000 Fidelity Title
$40,000 Fidelity Title
-- Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $173,900
Closed $280,000
Closed $160,400
Closed $131,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $750,000 +10.3% $403 / Sq Ft
06/29/2022 06/29/22 Price Changed $680,000 0.0% $365 / Sq Ft
06/12/2022 06/12/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $680,000 +232.1% $365 / Sq Ft
01/31/2014 01/31/14 Sold $204,750 -4.8% $110 / Sq Ft View Prior Sale
01/21/2014 01/21/14 Price Changed $215,000 0.0% $115 / Sq Ft
12/21/2013 12/21/13 Pending -- -- --
12/20/2013 12/20/13 For Sale $215,000 -- $115 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,487 $17,505 -- --
2024 $2,318 $16,672 -- --
2023 $2,318 $42,520 $8,500 $34,020
2022 $2,236 $34,050 $6,810 $27,240
2021 $2,219 $33,560 $6,710 $26,850
2020 $2,245 $28,610 $5,720 $22,890
2019 $2,241 $27,550 $5,510 $22,040
2018 $2,203 $24,960 $4,990 $19,970
2017 $2,151 $25,380 $5,070 $20,310
2016 $2,090 $22,470 $4,490 $17,980
2015 $1,934 $17,380 $3,470 $13,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6414951

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-32-060A

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