NOT LISTED FOR SALE

Estimated Value: $583,792 - $746,000

9 Beds
5 Baths
2,500 Sq Ft
$259/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $345,000 $138 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,515/month

2 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of August 2017

Investors will love this turn-key fully rented 4-plex! Roof has been replace on the whole place within the last 4 years. The house is 3 bed 2 bath, the other three units are 2 bed 1 bath. There is an on site laundry facility with coin operated washer and dryer. There is 4 covered parking spots in the rear of the property. There are also 3 storage units one for each apartment. All A/C units have been replaced in the last 10 years or less. All units have tile through out (no carpet anywhere). All hot water heaters have been replaced (two within the last 6 months). Light rail within walking distance (once they finish it to Gilbert and Main). This will go fast!

Last Agent to Sell the Property

Nathan Cannon

My Home Group Real Estate License #SA513784000 Listed on: 08/03/2017

My Home Group Real Estate

Last Buyer's Agent

Cameron Carter

HomeSmart License #BR551576000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1978

Lot Details

  • 9,409

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer
  • Tax Lot 58
  • Assessor Parcel Number 137-37-058-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9396 square feet
  • Ko Ko Palms 2 Subdivision

Building Details

  • Operating Expense $1,330
  • Gross Income $31,200
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,330

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: University & Gilbert
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1978
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: KO KO PALMS 2
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 9396 square feet
  • Additional Parcels: No
  • Parcel #: 137-37-058-A

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Property Net Operating Income: 31200.0
  • Annual Operating Expense: 1330.0

Tax Info

  • Tax Annual Amount: 1330.0
  • Tax Book Number: 137.00
  • Tax Lot: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Aug 9, 2017
Sold by
Frazier Jeffery Noel Fiso and Frazier Antonia
Bought by
Fourth Place Properties Llc
Seller's Agent
Nathan Cannon
My Home Group Real Estate
Buyer's Agent
Cameron Carter
HomeSmart
List Price
$355,000
Sold Price
$345,000
Premium/Discount to List
-$10,000
-2.82%
Current Estimated Value
$647,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,448
Avg. Annual Appreciation
7.83%

Purchase Details

Closed on
Feb 19, 2002
Sold by
Lipovic Dragan and Lipovic Jovanka
Bought by
Frazier Jeffery Noel Fiso and Frazier Antonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
7.04%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fourth Place Properties Llc $339,000 First American Title Insuran
Frazier Jeffery Noel Fiso $197,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frazier Jeffery Noel Fiso $157,600
Closed Frazier Jeffery Noel Fiso $19,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2017 08/25/17 Sold $345,000 -2.8% $138 / Sq Ft
08/02/2017 08/02/17 For Sale $355,000 -- $142 / 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 $1,587 $16,086 -- --
2024 $1,592 $15,320 -- --
2023 $1,592 $49,030 $9,800 $39,230
2022 $1,559 $37,230 $7,440 $29,790
2021 $1,578 $29,970 $5,990 $23,980
2020 $1,557 $26,850 $5,370 $21,480
2019 $1,455 $18,110 $3,620 $14,490
2018 $1,397 $15,770 $3,150 $12,620
2017 $1,355 $15,110 $3,020 $12,090
2016 $1,330 $14,400 $2,880 $11,520
2015 $1,250 $15,230 $3,040 $12,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5641534

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-058A