NOT LISTED FOR SALE

Estimated Value: $518,464

2 Beds
1 Bath
672 Sq Ft
$772/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2018

Last sale price $1,500,000 $2,232 Per Sq Ft

Current estimated payment $3,191 / mo

40 Days on Market

Highlights

  • RV or Boat Parking
  • Patio
  • Outdoor Storage
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Landscaped

About This Home

As of September 2018

Extremely unique property situated on a large .98 acre lot on the boundary of the highly desired Arcadia area. Fully occupied multi-unit property consisting of 7 buildings, 9 total units recently updated inside and out. Great turn key property with excellent cash flow. Buy for the income and/or future development opportunity. Private driveway, irrigated lot, covered parking plus 3 car garage. Onsite coin operated laundry facility. Large mature trees, citrus trees, rose garden, open common areas with lots of grass.

Last Agent to Sell the Property

Brook Miller

RE/MAX Fine Properties License #BR533974000 Listed on: 04/11/2018

RE/MAX Fine Properties

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,578

Year Built

  • Built in 1960

Lot Details

  • Dirt Road
  • Fenced
  • Landscaped
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 12 Car Garage
  • 2 Open Parking Spaces
  • Carport
  • Garage Door Opener
  • RV or Boat Parking

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Monte Vista Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 127-32-025

Community Details

Overview

  • 7 Buildings
  • 9 Units
  • Building Dimensions are 140 x 304
  • Valencia Acres Subdivision

Building Details

  • Operating Expense $19,778
  • Gross Income $124,020
  • Net Operating Income $104,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,578

Year Built

Built in 1960

Lot Details

0.48 Acres

Listing Details

  • Cross Street: 32nd St & Indian School
  • Property Type: Multiple Dwellings
  • Zoning: R-3 & R-4
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2017
  • Road Surface Type: Dirt, Gravel
  • Subdivision Name: VALENCIA ACRES
  • Garage Yn: Yes
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Other, See Remarks
  • Road Surface Type:Road Surface Type: Dirt, Gravel
  • Electric:Electric: Individual Meter, Master Meter, SRP
  • Sale Includes:Sale Includes: Land & Building, Laundry Equipment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick, Wood Frame, Painted
  • Roof: Composition
  • Exterior Amenities: Sidewalk(s), Green Landscaping, Fenced, RV/Boat Parking, Cable TV Available, Patio/Balcony, Separate Storage, Security Light(s)

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Carport, <1 Space Per Unit, Garage Door Opener
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 12.0
  • Parking Features:Parking Features: Garage, Carport, <1 Space Per Unit, Garage Door Opener

Utilities

  • Electric: Individual Meter, Master Meter, SRP
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Gas:Gas: Individual Meter, SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 5400.0

Schools

  • Elementary School: Monte Vista Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Lot Size: 140 x 304
  • Additional Parcels: Yes
  • Parcel #: 127-32-025

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 9
  • Electric Expense: 2400.0
  • Annual Gross Income: 124020.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 3600.0
  • Property Net Operating Income: 104252.04
  • Annual Operating Expense: 19778.0

Tax Info

  • Tax Annual Amount: 6578.0
  • Tax Book Number: 127.0
  • Tax Lot: 9

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
Jun 12, 2026
Sold by
Skgnu Flower Llc
Bought by
Current Estimated Value
$518,464

Purchase Details

Closed on
May 3, 2024
Sold by
Cactus Sage Llc
Bought by
Skgnu Flower Llc

Purchase Details

Closed on
Jun 1, 2023
Sold by
Samir Holdings Inc
Bought by
Cactus Sage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500,000
Interest Rate
6.39%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 8, 2022
Sold by
Ajm Flower Llc and Firmus Financial Llc
Bought by
Samir Holdings Inc and Rs 328 Santana Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500,000
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2022
Sold by
Firmus Flower Llc
Bought by
Firmus Financial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500,000
Interest Rate
5.54%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Accommodation/Courtesy Recordi
Skgnu Flower Llc $10,450,000 Chicago Title Agency
Cactus Sage Llc $15,000,000 Magnus Title Agency
Samir Holdings Inc $13,700,000 Old Republic Title
Firmus Financial Llc -- Old Republic Title
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
Previous Owner $7,500,000
Previous Owner Samir Holdings Inc $7,500,000
Previous Owner -- $7,500,000
Previous Owner Ajm Flower Llc $7,853,000
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
09/21/2018 09/21/18 Sold $1,500,000 -11.7% $2,232 / Sq Ft
09/17/2018 09/17/18 For Sale $1,699,500 0.0% $2,529 / Sq Ft
09/17/2018 09/17/18 Price Changed $1,699,500 0.0% $2,529 / Sq Ft
08/03/2018 08/03/18 Price Changed $1,699,500 +135860.0% $2,529 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/15/2018 05/15/18 Rented $1,250 0.0% --
05/15/2018 05/15/18 Under Contract -- -- --
05/02/2018 05/02/18 For Rent $1,250 0.0% --
04/11/2018 04/11/18 For Sale $1,699,500 0.0% $2,529 / Sq Ft
07/28/2017 07/28/17 Rented $1,200 +14.3% --
07/28/2017 07/28/17 Under Contract -- -- --
06/21/2017 06/21/17 For Rent $1,050 +10.5% --
06/15/2016 06/15/16 Rented $950 0.0% --
05/23/2016 05/23/16 Under Contract -- -- --
05/10/2016 05/10/16 For Rent $950 0.0% --
05/07/2016 05/07/16 Under Contract -- -- --
04/28/2016 04/28/16 For Rent $950 -- --
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 $3,169 $23,462
2024 $3,015 $22,345
2023 $3,015 $44,980 $8,990 $35,990
2022 $2,897 $30,250 $6,050 $24,200
2021 $263 $3,000 $3,000 $0
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5750064

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-32-092

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