$230,000
SOLD NOV 13, 2015
-- Bed
-- Bath
3,704 Sq Ft
9,540 Sq Ft Lot

Recently Sold

$62 Per Sq Ft

8% Below List Price

11 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of June 2022

Excellent opportunity to purchase newer 1980's built Four-Plex in nice area, with great cash flow and upside in value. Each unit has 2 bedroom/1 bath, with an extra sink/vanity. The two bottom units have fenced in private backyards, and each unit has its own front deck with sliding doors. The complex is secure with fenced in front courtyard area with ample private parking. The bottom units have all ceramic floors and the top units have ceramic floor and carpet in the bedroom. The complex is next to the canal for close access to walking and biking. The building and the units are in great shape.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 09/28/2015

Coldwell Banker Commercial Realty

Co-Listed By

Mark Skelpsa

HomeSmart Realty License #SA642313000

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,653

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

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

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $9,653
  • Gross Income $31,200
  • Net Operating Income $21,446

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,653

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
  • Year Built: 1985
  • Tax Year: 2015
  • Directions: South on 23rd Ave, Road curves to right, turn left onto 23rd Dr, property is on left side of street.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Construction Type: Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, 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

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 21446.0
  • Annual Operating Expense: 9653.0

Tax Info

  • Tax Annual Amount: 1653.0
  • 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
Not Available
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 Type Sale Price Title Company
Warranty Deed $340,000 Fidelity National Title Agen
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Security Title Agency Inc
Warranty Deed $229,000 Security Title Agency Inc
Warranty Deed -- First American Title Ins Co
Warranty Deed $158,500 First American Title Ins Co
Trustee Deed $67,000 None Available
Warranty Deed $330,000 American Heritage Title Agen
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Chicago Title Insurance Co
Warranty Deed $285,000 Chicago Title Insurance Co
Warranty Deed $269,900 Tsa Title Agency
Warranty Deed $225,000 First American Title Ins Co
Cash Sale Deed $83,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $255,000 New Conventional
Previous Owner $166,500 New Conventional
Previous Owner $118,875 New Conventional
Previous Owner $264,000 New Conventional
Previous Owner $242,250 Fannie Mae Freddie Mac
Previous Owner $215,900 New Conventional
Previous Owner $213,750 FHA
Closed $26,960 No Value Available
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: 5340636

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-04-021