NOT LISTED FOR SALE

Estimated Value: $811,000 - $924,000

8 Beds
-- Bath
3,704 Sq Ft
$233/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $874,900 $236 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,731/month

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of June 2022

Words can't do this four-plex justice. Seller has taken great pride in maintaining this building as well as renovating and updating it when possible. Let's start with ''Great Location'' and perfect rental community. All units are 2 bed, 1 bath, and 926 sqft. Fully occupied with great tenants in place. Each unit has a front deck/patio area with french doors. Downstairs units have their own private fenced yard. The building is secured and gated. Huge parking lot with 10 spaces. New roof in 2019, New exterior paint in 2022. All units have new smoke detectors, fire extinguishers, & mini-blinds. There is currently a home warranty plan that expires in June 2022 and will transfer to the new owner. Do not disturb tenants, drive by only. **See financial worksheet/rent roll attached.

Last Agent to Sell the Property

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 04/11/2022

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Last Buyer's Agent

Heather Kay

Real Broker License #SA642659000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,107

Year Built

  • Built in 1985

Lot Details

  • 9,540

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 31
  • Assessor Parcel Number 110-04-021

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Gerardo Park Lots 11 39 Subdivision

Building Details

  • Operating Expense $7,650
  • Gross Income $45,600
  • Net Operating Income $39,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,107

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Indian School & 23rd Ave.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Directions: South on 23rd Ave from Indian School Road to 23rd Dr, turn left and property will be on the left.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: GERARDO PARK LOTS 11-39
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, Free, >1 Space Per Unit
  • 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 Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Heat Pump
  • 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

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Annual Water Sewer Expense: 2280.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 110-04-021

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 420.0
  • Annual Gross Income: 45600.0
  • Insurance Expense: 1643.0
  • Property Net Operating Income: 39096.0
  • Annual Operating Expense: 7650.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2107.0
  • Tax Book Number: 110.00
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2018
Closed on
Dec 17, 2018
Sold by
Haybelle Llc
Bought by
Marquina Alex C and Marquina Ana G
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Keith Rohde
1st Southwest Realty, LLC
List Price
$359,000
Sold Price
$340,000
Premium/Discount to List
-$19,000
-5.29%
Current Estimated Value
$862,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,466
Avg. Annual Appreciation
14.74%
Original Mortgage
$255,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2015
Closed on
Nov 20, 2015
Sold by
Wolach Matthew
Bought by
Haybelle Llc
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$249,750
Sold Price
$230,000
Premium/Discount to List
-$19,750
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%
Original Mortgage
$166,500
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2015
Closed on
Oct 28, 2015
Sold by
Wolach Savannah
Bought by
Wolach Matthew
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$249,750
Sold Price
$230,000
Premium/Discount to List
-$19,750
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2013
Sold by
Winners Investments L C
Bought by
Sun Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,875
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2013
Sold by
Sun Equity Llc
Bought by
Rothberger Eric M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,875
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2010
Sold by
Jimenez Rigoberto and Jimenez Glenda
Bought by
Winners Investments L C

Purchase Details

Closed on
Nov 10, 2006
Sold by
Trail Mountain Llc
Bought by
Jimenez Rigoberto and Jimenez Glenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2006
Sold by
Morgan Shante
Bought by
Trail Mountain Llc

Purchase Details

Closed on
May 15, 2005
Sold by
Durisseau Preston J
Bought by
Morgan Shante

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
7.6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 13, 2004
Sold by
Walker Claudette
Bought by
Kaminsky Eugene and Kaminsky Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,900
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2003
Sold by
Busalacchi Michael Phillip
Bought by
Walker Claudette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
9.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 1995
Sold by
Bisbee George Michael and Bisbee Linnea Ann Meeker
Bought by
Busalacchi Michael Phillip
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Marquina Alex C $340,000 Fidelity National Title Agen
Haybelle Llc -- None Available
Wolach Matthew -- Security Title Agency Inc
Wolach Matthew $229,000 Security Title Agency Inc
Sun Equity Llc -- First American Title Ins Co
Rothberger Eric M $158,500 First American Title Ins Co
Winners Investments L C $67,000 None Available
Jimenez Rigoberto $330,000 American Heritage Title Agen
Trail Mountain Llc -- None Available
Morgan Shante -- Chicago Title Insurance Co
Morgan Shante $285,000 Chicago Title Insurance Co
Kaminsky Eugene $269,900 Tsa Title Agency
Walker Claudette $225,000 First American Title Ins Co
Busalacchi Michael Phillip $83,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marquina Alex C $255,000
Previous Owner Wolach Matthew $166,500
Previous Owner Rothberger Eric M $118,875
Previous Owner Jimenez Rigoberto $264,000
Previous Owner Morgan Shante $242,250
Previous Owner Kaminsky Eugene $215,900
Previous Owner Walker Claudette $213,750
Closed Kaminsky Eugene $26,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2022 06/13/22 Sold $874,900 0.0% $236 / Sq Ft
04/11/2022 04/11/22 For Sale $874,900 0.0% $236 / Sq Ft
05/09/2019 05/09/19 Rented $850 0.0% --
04/13/2019 04/13/19 For Rent $850 0.0% --
12/19/2018 12/19/18 Sold $340,000 -5.3% $92 / Sq Ft
09/18/2018 09/18/18 For Sale $359,000 +56.1% $97 / Sq Ft
11/13/2015 11/13/15 Sold $230,000 -7.9% $62 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
09/27/2015 09/27/15 For Sale $249,750 +56.1% $67 / Sq Ft
03/28/2014 03/28/14 Sold $160,000 -11.1% $43 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
11/26/2012 11/26/12 For Sale $179,900 -- $49 / 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 $2,110 $14,688 -- --
2024 $2,120 $13,988 -- --
2023 $2,120 $49,700 $9,940 $39,760
2022 $2,087 $36,880 $7,370 $29,510
2021 $2,107 $30,530 $6,100 $24,430
2020 $2,025 $26,400 $5,280 $21,120
2019 $2,000 $22,420 $4,480 $17,940
2018 $1,847 $19,350 $3,870 $15,480
2017 $1,824 $17,760 $3,550 $14,210
2016 $1,747 $15,480 $3,090 $12,390
2015 $1,653 $13,250 $2,650 $10,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6381966

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-04-021