NOT LISTED FOR SALE

Estimated Value: $759,000 - $1,908,275

Studio
8 Baths
800 Sq Ft
$1,523/Sq Ft Est. Value

Last Sold April 12, 2016

Last sale price $550,000 $688 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $6,834/month

5 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of April 2016

WOW! An amazing opportunity to own two-4-plexes side by side in Central Phoenix neighborhood. It has been 100% occupied for 2 years. Many tenants have been there for years. All units have tile flooring but one unit has carpet. Average rent in the area is quite a bit higher for the area. These are all 2 bed, 1 bath units and very spacious at 800 s.f. and excellent condition.

Last Agent to Sell the Property

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 02/27/2016

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lisa Eagan

Leagan Realty, LLC License #BR537622000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,212

Year Built

  • Built in 1957

Lot Details

  • 9,583

Home Design

  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Papago Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 120-14-028-F

Community Details

Overview

  • 8 Units
  • Building Dimensions are 19,166 SF

Building Details

  • Gross Income $56,544
  • Net Operating Income $42,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,212

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 36th Street and Oak
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Tax Parcel Letter: F
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1920.0
  • Annual Water Sewer Expense: 5280.0

Schools

  • Elementary School: Papago School
  • High School: Camelback High School
  • Middle Or Junior School: Papago School

Lot Info

  • Lot Size: 19,166 SF
  • Additional Parcels: No
  • Parcel #: 120-14-028-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 600.0
  • Annual Gross Income: 56544.0
  • Insurance Expense: 1600.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 42332.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3212.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
Mckenzie Llc
Bought by
Sunshine Realty Holdings Llc
Current Estimated Value
$1,273,408

Purchase Details

Closed on
Aug 29, 2019
Sold by
Avit1 Llc
Bought by
Mckenzie Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
3.8%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 17, 2018
Sold by
Sek Llc
Bought by
Aviti Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2018
Sold by
Callas John and Callas Debbie
Bought by
Sek Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 27, 2016
Closed on
Apr 8, 2016
Sold by
Mp & Dd Properties Llc
Bought by
Callas John and Callas Debbie
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lisa Eagan
Leagan Realty, LLC
List Price
$579,800
Sold Price
$550,000
Premium/Discount to List
-$29,800
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$200,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2011
Sold by
Poirier Deborah Jean
Bought by
Mp & Dd Properties Llc

Purchase Details

Closed on
May 27, 2010
Sold by
Price Michael
Bought by
Poirier Debbie and Poirier Deborah Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2010
Sold by
Az Pep Enterprises Llc
Bought by
Poirier Deborah Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2005
Sold by
Azzarello August W and Pepper Stewart A
Bought by
Az Pep Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,400
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2005
Sold by
Exelrock Llc
Bought by
Azzarello August W and Pepper Stewart A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,400
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Wise John P
Bought by
Exelrock Llc

Purchase Details

Closed on
Jan 17, 2005
Sold by
Alsbury Robert
Bought by
Wise John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.79%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 15, 2002
Sold by
Shreck Ronald L and Shreck Karyl K
Bought by
Alsbury Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2000
Sold by
Chaffin Alvin and Chaffin Daria
Bought by
Shreck Ronald L and Shreck Karyl K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,150
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 1999
Sold by
Inter Svgs Bank Fsb
Bought by
Winegart Donald W and Winegart Jacqueline J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 1999
Sold by
Nordin Gus M and Nordin Charlotte
Bought by
Chaffin Alvin and Chaffin Daria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.2%
Mortgage Type
New Conventional
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
Sunshine Realty Holdings Llc $1,650,000 Chicago Title Agency Inc
Mckenzie Llc $1,250,000 Chicago Title Agency Inc
Aviti Llc $485,000 American Title Service Agenc
Sek Llc $380,000 American Title Service Agenc
Callas John $280,000 Landmark Title Assurance Age
Mp & Dd Properties Llc -- Accommodation
Poirier Debbie -- Chicago Title
Poirier Deborah Jean $125,000 Chicago Title
Az Pep Enterprises Llc -- --
Azzarello August W $333,000 Equity Title Agency Inc
Exelrock Llc $279,900 --
Wise John P $279,900 Guaranty Title Agency
Alsbury Robert $209,000 First American Title Ins Co
Shreck Ronald L $173,500 North American Title Agency
Winegart Donald W -- Capital Title Agency Inc
Chaffin Alvin $155,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckenzie Llc $830,000
Previous Owner Aviti Llc $726,000
Previous Owner Sek Llc $726,000
Previous Owner Callas John $200,000
Previous Owner Poirier Debbie $93,750
Previous Owner Poirier Deborah Jean $93,750
Previous Owner Azzarello August W $266,400
Previous Owner Wise John P $28,000
Previous Owner Alsbury Robert $167,200
Previous Owner Shreck Ronald L $156,150
Previous Owner Chaffin Alvin $139,500
Closed Alsbury Robert $41,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2016 04/12/16 Sold $550,000 -5.1% $688 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
02/26/2016 02/26/16 For Sale $579,800 -- $725 / 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 $2,103 $15,568 -- --
2024 $2,001 $14,827 -- --
2023 $2,001 $57,570 $11,510 $46,060
2022 $1,922 $42,860 $8,570 $34,290
2021 $1,969 $34,870 $6,970 $27,900
2020 $1,921 $28,230 $5,640 $22,590
2019 $1,907 $23,520 $4,700 $18,820
2018 $1,868 $21,480 $4,290 $17,190
2017 $1,796 $19,710 $3,940 $15,770
2016 $1,727 $17,110 $3,420 $13,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5405026

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-14-028C