NOT LISTED FOR SALE

Estimated Value: $524,705 - $574,000

1 Bed
3 Baths
568 Sq Ft
$963/Sq Ft Est. Value

Last Sold September 21, 2017

Last sale price $291,888 $514 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,142/month

2 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of September 2017

Beautifully designed tri-plex in the heart of downtown Phoenix's bustling Garfield historic district. Featuring two 1 bed, 1 bath units and one 1 bedroom 2 bath with ample parking. Open & spacious floor plans with new electrical panels with new wiring in the front two units, new plumbing in front two units and all new underground sewer lines, upgraded appliances, tank less water heaters, 30 year shingle roof, high seer A/C's and covered patios. Block construction with new windows & doors. Stunning interiors with polished concrete floors, solid quartz counter tops, white shaker cabinets, exposed beams & pitched ceilings, new tile shower enclosures. This is an amazing opportunity to live in one unit with great income on the other 2 units or a straight investment. AMAZING Opportunity!!

Last Listed By

Chris Lewis

Realty ONE Group License #SA519832000 Listed on: 09/07/2017

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,011

Year Built

  • Built in 1961

Lot Details

  • 6,490

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 116-25-066

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 50x130
  • Stewart Tract Subdivision

Building Details

  • Operating Expense $4,521
  • Net Operating Income $27,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,011

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Van Bruen & 14th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Year Built: 1961
  • Tax Year: 2016
  • Directions: North on 14th st to home on West side
  • Road Surface Type: Asphalt
  • Subdivision Name: STEWART TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • 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:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2160.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 50x130
  • Additional Parcels: No
  • Parcel #: 116-25-066

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Insurance Expense: 750.0
  • Property Net Operating Income: 27912.0
  • Annual Operating Expense: 4521.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1011.0
  • Tax Book Number: 116.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2017
Closed on
Sep 20, 2017
Sold by
Best Joseph and Best Meagan
Bought by
Mega Elite Holding Llc
Seller's Agent
Chris Lewis
Realty ONE Group
Buyer's Agent
Soyun Wong
Better Homes & Gardens Real Estate SJ Fowler
List Price
$308,000
Sold Price
$291,888
Premium/Discount to List
-$16,112
-5.23%
Total Days on Market
2
Current Estimated Value
$549,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,900
Avg. Annual Appreciation
8.58%

Purchase Details

Closed on
Jul 20, 2017
Sold by
Best Family Living Trust
Bought by
Best Joseph and Best Meagan

Purchase Details

Closed on
Apr 20, 2017
Sold by
422 N 14Th Street Llc
Bought by
Best Meagan

Purchase Details

Closed on
Dec 15, 2016
Sold by
Griffin Andy
Bought by
The Portfolio Phx Llc

Purchase Details

Closed on
Dec 1, 2015
Sold by
The District Phx Llc
Bought by
The Portfolio Phx Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2015
Sold by
Bmj Dreamworks Llc
Bought by
The District Phx Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2014
Closed on
Oct 3, 2014
Sold by
Manradge Brigadare
Bought by
Bmj Dreamworks Llc
Seller's Agent
James Pompe
West USA Realty
Buyer's Agent
Felix Corral
Good Company Real Estate
List Price
$140,000
Sold Price
$80,000
Premium/Discount to List
-$60,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.68%
Original Mortgage
$60,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2014
Closed on
Aug 18, 2014
Sold by
Manradge Jameika and Manradge Brigadare
Bought by
Manradge Brigadare
Seller's Agent
James Pompe
West USA Realty
Buyer's Agent
Felix Corral
Good Company Real Estate
List Price
$140,000
Sold Price
$80,000
Premium/Discount to List
-$60,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.11%
Mortgage Type
Commercial

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
Mega Elite Holding Llc $291,888 Grand Canyon Title Agency
Best Joseph -- None Available
Best Meagan -- None Available
The Portfolio Phx Llc -- None Available
The Portfolio Phx Llc -- None Available
The District Phx Llc $90,000 First Arizona Title Agency
Bmj Dreamworks Llc -- None Available
Manradge Brigadare -- Great American Title Agency
Manradge Brigadare $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The District Phx Llc $81,000
Previous Owner Manradge Brigadare $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2017 09/21/17 Sold $291,888 -5.2% $514 / Sq Ft
09/09/2017 09/09/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $308,000 +285.0% $542 / Sq Ft
08/29/2014 08/29/14 Sold $80,000 -42.9% $141 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $140,000 -- $246 / 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 $1,133 $8,470 -- --
2024 $1,122 $8,067 -- --
2023 $1,122 $33,430 $6,680 $26,750
2022 $1,082 $23,770 $4,750 $19,020
2021 $1,074 $20,620 $4,120 $16,500
2020 $1,086 $19,130 $3,820 $15,310
2019 $1,084 $13,810 $2,760 $11,050
2018 $1,066 $12,250 $2,450 $9,800
2017 $1,041 $11,930 $2,380 $9,550
2016 $1,011 $9,070 $1,810 $7,260
2015 $936 $7,470 $1,490 $5,980
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5656892

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-25-066