NOT LISTED FOR SALE

Estimated Value: $344,000 - $392,000

-- Bed
1 Bath
973 Sq Ft
$383/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $360,000 $370 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,040/month

13 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of August 2023

Discover an incredible investment opportunity minutes away from Phoenix's Sky Harbor Airport and the prestigious Arcadia area.

This property features two buildings, each housing two 3-bedroom, 1-bath units. With some TLC, you can maximize profits. Combined the units feature 2,013 SQFT, 6 bedrooms, 2 baths.

Benefit from the prime location, attracting tenants or buyers. Renovations can unlock its potential.

Opportunities like this property are few and far in between with the size of each unit. Capitalize on the booming Phoenix real estate market. Don't miss this chance to create a lucrative venture in a sought-after location.

Last Agent to Sell the Property

Felipe Reyes

A.Z. & Associates License #SA672863000 Listed on: 07/12/2023

A.Z. & Associates

Co-Listed By

Rosa Sanchez

A.Z. & Associates License #SA691519000

Last Buyer's Agent

Jorge Munos

Realty Executives Arizona Territory License #SA654047000

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,140

Year Built

  • Built in 1935

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, cable TV, landscaping
  • Legal Lot and Block 6 / 6
  • Assessor Parcel Number 121-14-062

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 51 x 128
  • Gateway Park Subdivision

Building Details

  • Operating Expense $1,140
  • Gross Income $45,600
  • Net Operating Income $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,140

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: 32nd St & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1935
  • Tax Year: 2022
  • Road Surface Type: Dirt
  • Co List Office Mls Id: azreg01
  • Co List Office Phone: 602-456-7600
  • Subdivision Name: GATEWAY PARK
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 51 x 128
  • Additional Parcels: No
  • Parcel #: 121-14-062

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 45600.0
  • Property Net Operating Income: 5000.0
  • Annual Operating Expense: 1140.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1140.0
  • Tax Block: 6
  • Tax Book Number: 121.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Aug 4, 2023
Sold by
Ajiboye Olayinka M
Bought by
Guillen Omar
Seller's Agent
Felipe Reyes
A.Z. & Associates
Buyer's Agent
Jorge Munos
Realty Executives Arizona Territory
List Price
$364,990
Sold Price
$360,000
Premium/Discount to List
-$4,990
-1.37%
Views
41
Current Estimated Value
$372,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,470
Avg. Annual Appreciation
1.38%

Purchase Details

Listed on
Aug 16, 2019
Closed on
Nov 20, 2019
Sold by
Ajiboye Angela and Ajiboye Olayinka M
Bought by
Ajiboye Olayinka M
Seller's Agent
Camelia Dobos
West USA Realty
Buyer's Agent
Teejay Lawal
West USA Realty
List Price
$169,000
Sold Price
$171,000
Premium/Discount to List
$2,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.35%
Original Mortgage
$153,900
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2019
Closed on
Nov 19, 2019
Sold by
Usvat Eugenia D and Usvat Vasile
Bought by
Usvat Vasile
Seller's Agent
Camelia Dobos
West USA Realty
Buyer's Agent
Teejay Lawal
West USA Realty
List Price
$169,000
Sold Price
$171,000
Premium/Discount to List
$2,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,900
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2016
Sold by
Creta Vasile and Creta Timeea
Bought by
Usvat Grantee Vasile

Purchase Details

Closed on
May 6, 2013
Sold by
Peterson Marion G
Bought by
Mmg Properties Llc

Purchase Details

Closed on
May 3, 2013
Sold by
Mmg Properties Llc
Bought by
Creta Vasile

Purchase Details

Closed on
Apr 10, 2009
Sold by
Peterson Marion G
Bought by
Norgay Holdings Llc

Purchase Details

Closed on
Mar 12, 2002
Sold by
Peterson Christy
Bought by
Peterson Marion G
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
Guillen Omar $360,000 First American Title Insurance
Ajiboye Olayinka M -- Lawyers Title Of Arizona Inc
Ajiboye Olayinka M $171,000 Lawyers Title Of Arizona Inc
Usvat Vasile -- Lawyers Title Of Arizona Inc
Usvat Grantee Vasile -- None Available
Mmg Properties Llc $38,951 None Available
Creta Vasile -- None Available
Norgay Holdings Llc -- None Available
Peterson Marion G -- Lawyers Title Of Arizona Inc
Peterson Marion G $58,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ajiboye Olayinka M $153,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2023 08/04/23 Sold $360,000 -1.4% $370 / Sq Ft
07/13/2023 07/13/23 For Sale $364,990 +113.4% $375 / Sq Ft
11/26/2019 11/26/19 Sold $171,000 +1.2% $85 / Sq Ft View Prior Sale
11/21/2019 11/21/19 Price Changed $169,000 0.0% $84 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $169,000 -- $84 / 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 $1,268 $9,938 -- --
2024 $1,182 $9,465 -- --
2023 $1,182 $24,820 $4,960 $19,860
2022 $1,140 $15,980 $3,190 $12,790
2021 $1,159 $16,200 $3,240 $12,960
2020 $1,137 $16,200 $3,240 $12,960
2019 $1,133 $10,300 $2,060 $8,240
2018 $464 $7,000 $1,400 $5,600
2017 $445 $5,060 $1,010 $4,050
2016 $435 $4,580 $910 $3,670
2015 $408 $3,620 $720 $2,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6579616

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-14-062