NOT LISTED FOR SALE

Estimated Value: $292,000 - $1,064,000

-- Bed
-- Bath
-- Sq Ft
0.59 Acres

Last Sold June 03, 2024

Last sale price $1,150,000

Est. 30% decrease in value since last sale

Current estimated payment $4,399/month

159 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of June 2024

No P&L, No T-12 or Financials. Seller Finance with minimum $250K Down Payment & 6% Interest only payment 3 years balloon payment. 5-Plex has 5 Single story, garden style community located in the highly sought after 85016 area code. The property offers several potential options for investors. The Seller has previously been told that can be approved for 9 luxury townhomes or can be updated the existing units & add 4 more units. The Lot size is 25,579 and it is comprised of 4 X1 bed/1 bath units, and one 2 bed/1 bath unit + one storage building. All units have in suite laundry & under roof parking next to each unit. The 5plex offers a large greenbelt with several large shade trees. During the Seller's ownership property been kept in great condition.

Last Agent to Sell the Property

Erkan Kurnaz

Realty ONE Group License #SA541933000 Listed on: 12/08/2023

Last Buyer's Agent

Katie Baccus

Compass License #SA639631000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,266

Year Built

  • Built in 1950

Lot Details

  • 0.59

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Parking Spaces
  • Carport
  • On-Street Parking

Additional Features

  • Ceramic Tile Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 20
  • Assessor Parcel Number 163-28-042

Community Details

Overview

  • 6 Buildings
  • 5 Units
  • Building Dimensions are 298.49 X 85.45 X 86.13 X 298.43(25,579 SQFT)
  • Morningside Acres Subdivision

Building Details

  • Operating Expense $7,366
  • Gross Income $71,100
  • Net Operating Income $59,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,266

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 17TH ST & INDIAN SCHOOL RD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3 MULTI FAMILY
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2023
  • Directions: INDIAN SCHOOL RD TO 17TH STREET. NORTH ON 17TH STREET TO PROPERTY ON THE LEFT
  • Road Surface Type: Asphalt
  • Subdivision Name: MORNINGSIDE ACRES
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3100.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 298.49 X 85.45 X 86.13 X 298.43(25,579 SQFT)
  • Additional Parcels: No
  • Parcel #: 163-28-042

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 71100.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 59700.0
  • Annual Operating Expense: 7366.0

Tax Info

  • Tax Annual Amount: 1266.0
  • Tax Book Number: 163.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2023
Closed on
Jun 3, 2024
Sold by
Sen Enterprises Two Llc
Bought by
Monarch Investco Llc
Seller's Agent
Erkan Kurnaz
Realty ONE Group
Buyer's Agent
Katie Baccus
Compass
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Views
37
Current Estimated Value
$809,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$340,665
Avg. Annual Appreciation
-23.21%
Original Mortgage
$800,000
Outstanding Balance
$551,973
Interest Rate
7.1%
Mortgage Type
Seller Take Back
Estimated Equity
$257,362

Purchase Details

Closed on
Jun 20, 2013
Sold by
Sen Celik Zehra
Bought by
Sen Enterprises Inc

Purchase Details

Closed on
Jun 20, 2012
Sold by
Sen Celik Zebra
Bought by
Sen Gemail

Purchase Details

Closed on
Dec 28, 2007
Sold by
Sen Gemail and Sen Zehra
Bought by
Sen Enterprises Inc

Purchase Details

Closed on
Jul 25, 2006
Sold by
Mainguard Enterprises Co Llc
Bought by
Sen Gemail and Sen Zehra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2005
Sold by
Marshall Hilda
Bought by
Mainguard Enterprises Co Llc

Purchase Details

Closed on
Aug 2, 2005
Sold by
Demerritt Todd D
Bought by
Marshall Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2005
Sold by
Yousif Youail S and Sarkis Rona
Bought by
Demerritt Todd D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2004
Sold by
Velasquez Rudy G
Bought by
Yousif Youall S and Sarkis Rona

Purchase Details

Closed on
Jul 6, 2001
Sold by
Trisquare Llc
Bought by
Velasquez Rudy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,900
Interest Rate
7.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 18, 1999
Sold by
Eliason Carl D and Shafer James P
Bought by
Trisquare Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,265
Interest Rate
7.24%

Purchase Details

Closed on
Mar 24, 1998
Sold by
Ali Ahmed and Ali Shahida
Bought by
Eliason Carl D and Shafer James P

Purchase Details

Closed on
Feb 7, 1996
Sold by
Miel Lawrence P
Bought by
Ali Ahmed and Ali Shahida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.99%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Monarch Investco Llc $1,150,000 None Listed On Document
Sen Enterprises Inc -- None Available
Sen Gemail -- None Available
Sen Enterprises Inc -- None Available
Sen Gemail $360,000 Camelback Title Agency Llc
Mainguard Enterprises Co Llc -- --
Marshall Hilda $330,000 --
Demerritt Todd D $225,000 Security Title Agency Inc
Yousif Youall S $200,000 --
Velasquez Rudy G $149,900 Security Title Agency
Trisquare Llc -- --
Eliason Carl D $115,000 North American Title Agency
Ali Ahmed $90,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monarch Investco Llc $800,000
Previous Owner Sen Gemail $125,000
Previous Owner Sen Gemail $54,000
Previous Owner Sen Gemail $270,000
Previous Owner Marshall Hilda $231,000
Previous Owner Demerritt Todd D $185,000
Previous Owner Velasquez Rudy G $141,900
Previous Owner Trisquare Llc $92,265
Previous Owner Ali Ahmed $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2024 06/03/24 Sold $1,150,000 -8.0% --
05/16/2024 05/16/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $1,250,000 +8.7% --
05/15/2024 05/15/24 Off Market $1,150,000 -- --
04/12/2024 04/12/24 Price Changed $1,250,000 +13.6% --
03/06/2024 03/06/24 Price Changed $1,100,000 -4.3% --
02/29/2024 02/29/24 Price Changed $1,150,000 -8.0% --
02/06/2024 02/06/24 Price Changed $1,250,000 +8.7% --
01/20/2024 01/20/24 Price Changed $1,150,000 -4.2% --
01/17/2024 01/17/24 Price Changed $1,200,000 +1.9% --
01/12/2024 01/12/24 Price Changed $1,178,000 -1.7% --
01/02/2024 01/02/24 Price Changed $1,198,900 0.0% --
12/19/2023 12/19/23 Price Changed $1,199,000 -4.0% --
12/08/2023 12/08/23 For Sale $1,249,000 -- --
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 $1,301 $10,476 -- --
2024 $1,266 $9,977 -- --
2023 $1,266 $32,370 $6,470 $25,900
2022 $1,229 $23,570 $4,710 $18,860
2021 $1,239 $20,050 $4,010 $16,040
2020 $1,220 $19,230 $3,840 $15,390
2019 $1,193 $17,320 $3,460 $13,860
2018 $1,164 $12,850 $2,570 $10,280
2017 $1,109 $10,780 $2,150 $8,630
2016 $1,071 $12,100 $2,420 $9,680
2015 $994 $9,560 $1,910 $7,650
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6638604

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-28-042