NOT LISTED FOR SALE

Estimated Value: $456,000 - $900,000

Studio
4 Baths
2,400 Sq Ft
$322/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $883,500 $368 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,207/month

76 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Carpet

About This Home

As of December 2024

Incredible Multi-Family Investment Opportunity in Central Phoenix Endless possibilities await with this prime multi-family lot, offering three fully-functional units on one spacious parcel.Located in the heart of Central Phoenix, this property includes Two 3Bedroom,1Bath Homes Perfect for family living or rental income potentialDuplex Featuring a 2-Bedroom, 1-Bath unit and a 1-Bedroom,1-Bath unit, ideal for additional rental income or flexible living arrangements.The expansive lot provides ample space for potential development, whether you're looking to build new units or add on to the existing structures. With a central location just minutes away from downtown Phoenix, major freeways, shopping, dining, and entertainment, this property offers unbeatable convenience.

Last Agent to Sell the Property

James Kearns

HomeSmart License #SA627575000 Listed on: 09/19/2024

HomeSmart

Last Buyer's Agent

Monica Coker

HomeSmart License #SA641419000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,937

Year Built

  • Built in 1956

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 13
  • Assessor Parcel Number 120-03-059-E

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 120x170
  • Taber Tract Subdivision

Building Details

  • Operating Expense $1,937
  • Gross Income $89,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,937

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 36th street and Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2023
  • Subdivision Name: TABER TRACT
  • Tax Parcel Letter: E
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition, Foam

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 120x170
  • Additional Parcels: No
  • Parcel #: 120-03-059-E

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 89000.0
  • Annual Operating Expense: 1937.0

Tax Info

  • Tax Annual Amount: 1937.0
  • Tax Book Number: 120.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Dec 30, 2024
Sold by
Hernandez Oscar
Bought by
3430 E Cambridge Llc
Seller's Agent
James Kearns
HomeSmart
Buyer's Agent
Monica Coker
HomeSmart
List Price
$975,000
Sold Price
$883,500
Premium/Discount to List
-$91,500
-9.38%
Views
6
Current Estimated Value
$772,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$111,349
Avg. Annual Appreciation
-11.93%
Original Mortgage
$662,500
Outstanding Balance
$657,290
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$114,861

Purchase Details

Listed on
Sep 19, 2024
Closed on
Dec 2, 2024
Sold by
Kashey Adrian S
Bought by
Hernandez Oscar
Seller's Agent
James Kearns
HomeSmart
Buyer's Agent
Monica Coker
HomeSmart
List Price
$975,000
Sold Price
$883,500
Premium/Discount to List
-$91,500
-9.38%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,500
Outstanding Balance
$657,290
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$114,861

Purchase Details

Closed on
Sep 11, 2019
Sold by
Kilpatrick Jeannette J
Bought by
Kashey Adrian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,600
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 2, 2019
Closed on
Apr 3, 2019
Sold by
Tapco Investments Llc
Bought by
Adrian S Kashey Fam Ltd Liability Prtnrs
Seller's Agent
Kenneth Bates
Heritage Real Estate Group, LLC
Buyer's Agent
James Kearns
HomeSmart
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%
Original Mortgage
$265,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2011
Sold by
Jbm Ii Investments Llc
Bought by
Tapco Investments Llc

Purchase Details

Closed on
Apr 15, 2011
Sold by
U S Bank Na
Bought by
Jbm 11 Investments Llc

Purchase Details

Closed on
Aug 13, 2010
Sold by
Brown Kevin and Ameriquest Mortgage Company
Bought by
U S Bank Na

Purchase Details

Closed on
Jun 15, 2004
Sold by
Brown Michael R
Bought by
Brown Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1998
Sold by
Clark Steven A
Bought by
Jenkins Monica H and Brown Michael R

Purchase Details

Closed on
Sep 17, 1997
Sold by
Sands Clover H
Bought by
Sands Clover H C and Sands Elmer C

Purchase Details

Closed on
Sep 4, 1997
Sold by
Randolph G F
Bought by
Sands Clover H

Purchase Details

Closed on
Dec 19, 1996
Sold by
Smith Malco
Bought by
Karl Moore Humanitarian Enterprises Inc

Purchase Details

Closed on
Nov 21, 1996
Sold by
Karl Moore Humanitarian Enterprises Inc
Bought by
Smith Malco

Purchase Details

Closed on
Jul 23, 1996
Sold by
Sands Elmer C and Sands Clover H
Bought by
Karl Moore Humanitarian Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
8.39%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
3430 E Cambridge Llc -- None Listed On Document
3430 E Cambridge Llc -- None Listed On Document
Hernandez Oscar $883,500 First American Title Insurance
Hernandez Oscar $883,500 First American Title Insurance
Kashey Adrian S -- Empire West Title Agency Llc
Kashey Adrian S -- Empire West Title Agency Llc
Adrian S Kashey Fam Ltd Liability Prtnrs $375,000 First American Title Ins Co
Tapco Investments Llc $109,500 American Title Service Agenc
Jbm 11 Investments Llc $98,000 Fidelity Natl Title Ins Co
U S Bank Na $55,000 Security Title Agency
Brown Kevin -- Financial Title Company
Jenkins Monica H $77,000 Stewart Title & Trust
Sands Clover H C -- Stewart Title & Trust
Sands Clover H -- --
Karl Moore Humanitarian Enterprises Inc $75,000 --
Smith Malco $75,000 --
Karl Moore Humanitarian Enterprises Inc $75,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Oscar $662,500
Closed Hernandez Oscar $662,500
Previous Owner Kashey Adrian S $341,600
Previous Owner Adrian S Kashey Fam Ltd Liability Prtnrs $265,000
Previous Owner Brown Kevin $190,000
Previous Owner Karl Moore Humanitarian Enterprises Inc $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2026 01/02/26 Off Market $883,500 -- --
12/23/2024 12/23/24 Sold $883,500 -8.8% $368 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
11/15/2024 11/15/24 Price Changed $969,000 -0.6% $404 / Sq Ft
09/19/2024 09/19/24 For Sale $975,000 +160.0% $406 / Sq Ft
04/22/2019 04/22/19 Sold $375,000 0.0% $156 / Sq Ft View Prior Sale
04/01/2019 04/01/19 For Sale $375,000 -- $156 / Sq Ft
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 $2,036 $15,073 -- --
2024 $1,937 $14,355 -- --
2023 $1,937 $61,220 $12,130 $49,090
2022 $1,861 $45,840 $9,080 $36,760
2021 $1,906 $39,160 $7,760 $31,400
2020 $1,860 $31,820 $6,300 $25,520
2019 $1,847 $24,910 $4,930 $19,980
2018 $1,809 $22,600 $4,480 $18,120
2017 $1,739 $19,690 $3,900 $15,790
2016 $1,672 $16,860 $3,340 $13,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6759539

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-03-059E