NOT LISTED FOR SALE

Estimated Value: $849,015 - $1,039,000

8 Beds
-- Bath
2,744 Sq Ft
$331/Sq Ft Est. Value

Sale Details

Date Sold: October 2, 2020

Last sale price $625,000 $228 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,123 / mo

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Longview Elementary School Rated 9+

About This Home

As of October 2020

RARE turnkey fourplex in an established neighborhood of the Central Phoenix Corridor. All units are 2 bed/1 bath w/ tile floors and updated kitchens & baths. There is an onsite laundry room w/ coin-op washer/dryer (owned) that can generate up to $150/month in additional income. Each unit individually metered for electricity, and a 5th meter for the laundry room & common area lighting. The entire perimeter is fenced with 4 parking spaces at the rear of the property, along with ample street parking. Recent improvements include: new electric sub-panels in each unit, easy desert landscaping refresh, all new exterior paint, new commercial washer (2020), and a new A/C (2020). Quiet street is located just a couple blocks from the light rail station on Central. No HOA - excellent Airbnb potential!

Last Agent to Sell the Property

Ryan Swan

HomeSmart License #SA661174000 Listed on: 08/19/2020

HomeSmart

Last Buyer's Agent

Carrie Lehrman

SRL Group License #BR626599000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,843

Year Built

  • Built in 1963

Lot Details

  • 9,453

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Longview Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 2 / 5
  • Assessor Parcel Number 118-24-111-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are N/A
  • Thomas Place Subdivision

Building Details

  • Operating Expense $11,823
  • Gross Income $43,297
  • Net Operating Income $30,493

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,843

Year Built

Built in 1963

Lot Details

9,453 Sq Ft Lot

Listing Details

  • Cross Street: Indian School Rd & 4th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2019
  • Road Surface Type: Gravel, Asphalt
  • Professional Management Expense: 3400.0
  • Subdivision Name: THOMAS PLACE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Longview Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: N/A
  • Additional Parcels: No
  • Parcel #: 118-24-111-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 720.0
  • Annual Gross Income: 43297.2
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 30493.0
  • Annual Operating Expense: 11823.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1843.0
  • Tax Block: 5
  • Tax Book Number: 118.00
  • Tax Lot: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 26, 2020
Sold by
Bought by
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$908,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,254
Avg. Annual Appreciation
6.67%
Original Mortgage
$468,750
Outstanding Balance
$407,390
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$500,864

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 24, 2020
Sold by
Bought by
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Outstanding Balance
$407,390
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$500,864

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 23, 2018
Sold by
Bought by
Seller's Agent
Jack Cardinal
Cooper Cardinal and Company
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.80%
Original Mortgage
$380,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 16, 2018
Sold by
Bought by
Seller's Agent
Jack Cardinal
Cooper Cardinal and Company
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2013
Closed on
Apr 5, 2013
Sold by
Bought by
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%

Purchase Details

Closed on
Apr 27, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
4.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
4.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,688
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 2000
Sold by
Bought by

Purchase Details

Closed on
May 3, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
$625,000 Great American Title Agency
-- Magnus Title Agency Llc
$400,000 Magnus Title Agency Llc
$300,000 Chicago Title Agency Inc
$216,000 Lawyers Title Of Arizona Inc
$134,000 Security Title Agency
$515,000 Camelback Title Agency Llc
$347,500 Camelback Title Agency Llc
$300,000 First American Title Ins Co
-- --
$150,360 Grand Canyon Title Agency In
$71,000 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $468,750
Previous Owner $380,000
Previous Owner $119,000
Previous Owner $412,000
Previous Owner $278,000
Previous Owner $201,500
Previous Owner $144,688
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2020 10/02/20 Sold $625,000 0.0% $228 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $625,000 +56.3% $228 / Sq Ft
03/01/2018 03/01/18 Sold $400,000 0.0% $146 / Sq Ft View Prior Sale
02/02/2018 02/02/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $400,000 0.0% $146 / Sq Ft
10/01/2014 10/01/14 Rented $695 0.0% --
10/01/2014 10/01/14 Under Contract -- -- --
08/19/2014 08/19/14 For Rent $695 0.0% --
09/03/2013 09/03/13 Rented $695 -0.7% --
09/03/2013 09/03/13 Under Contract -- -- --
05/01/2013 05/01/13 For Rent $700 0.0% --
04/14/2013 04/14/13 Sold $300,000 0.0% $109 / Sq Ft View Prior Sale
03/12/2013 03/12/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $300,000 -- $109 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,093 $16,120
2024 $1,954 $15,352
2023 $1,954 $55,810 $11,160 $44,650
2022 $1,943 $43,830 $8,760 $35,070
2021 $1,976 $36,760 $7,350 $29,410
2020 $1,926 $30,310 $6,060 $24,250
2019 $1,843 $30,400 $6,080 $24,320
2018 $1,782 $26,200 $5,240 $20,960
2017 $1,636 $23,520 $4,700 $18,820
2016 $1,578 $19,050 $3,810 $15,240
2015 $1,467 $17,170 $3,430 $13,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6119774

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-24-111A

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