NOT LISTED FOR SALE
-- Bed
-- Bath
1,800 Sq Ft
1948 Built

Sale Details

Date Sold: May 1, 2013

Last sale price $600,000 $333 Per Sq Ft

163 Days on Market

Highlights

  • Heated Community Pool
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Longview Elementary School Rated 9+
  • Ceramic Tile Flooring

About This Home

As of May 2013

Centrally located near both midtown/downtown and the Camelback corridor, these buildings enjoy R-5 zoning which allows offices for professional use as well as single and multifamily housing and group homes. Many units have been refurbished with ceramic tile floors and each have wood-beamed ceilings. The apartments surround a central courtyard with sparkling pool with lush mature landscape. The 1,800 sf office building fronts 12th Street . Buyer to verify all fact and figures. OWNER WILL CARRY FOR THE RIGHT BUYER!!

Last Agent to Sell the Property

Jake Allen

Tradelands Realty License #SA569290000 Listed on: 10/31/2012

Last Buyer's Agent

Nelida Ayala

Orion Investment Real Estate License #SA555019000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,663

Year Built

  • Built in 1948

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 4
  • Assessor Parcel Number 155-15-088

Community Details

Overview

  • 3 Buildings
  • 21 Units
  • Building Dimensions are IRR
  • Desert Villas Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $43,813
  • Gross Income $90,783
  • Net Operating Income $49,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,663

Year Built

Built in 1948

Listing Details

  • Cross Street: Indian School & 12th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2676.6
  • Subdivision Name: Desert Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 21.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Fee Information

  • Annual Fuel Expense: 2321.0
  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 8500.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 155-15-088

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity
  • Number Of Units Total: 21
  • Electric Expense: 10852.0
  • Annual Gross Income: 90783.0
  • Insurance Expense: 3500.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 49693.0
  • Annual Operating Expense: 43812.58
  • Vacancy Allowance Rate: 0.3

Tax Info

  • Tax Annual Amount: 4662.98
  • Tax Book Number: 155.00
  • Tax Lot: 4

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

Closed on
Dec 29, 2014
Sold by
Bought by

Purchase Details

Listed on
Oct 31, 2012
Closed on
May 2, 2013
Sold by
Bought by
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Nelida Ayala
Orion Investment Real Estate
List Price
$665,000
Sold Price
$600,000
Premium/Discount to List
-$65,000
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
3.54%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 20, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 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
$565,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 1999
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
$725,000 Security Title Agency
$580,000 Security Title Agency
$303,500 None Available
$865,000 Capital Title Agency Inc
-- --
$500,000 Chicago Title Insurance Co
-- Chicago Title Insurance Co
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
Previous Owner $430,000
Previous Owner $430,000
Previous Owner $565,000
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
05/01/2013 05/01/13 Sold $600,000 -9.8% $333 / Sq Ft
04/12/2013 04/12/13 Pending -- -- --
10/31/2012 10/31/12 For Sale $665,000 -- $369 / 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 $6,982 $53,765
2024 $6,518 $51,204
2023 $6,518 $211,260 $42,250 $169,010
2022 $6,482 $173,850 $34,770 $139,080
2021 $6,592 $162,400 $32,480 $129,920
2020 $6,425 $87,950 $17,590 $70,360
2019 $6,146 $74,310 $14,860 $59,450
2018 $5,943 $99,570 $19,910 $79,660
2017 $5,456 $89,150 $17,830 $71,320
2016 $5,263 $70,360 $14,070 $56,290
2015 $4,893 $58,700 $11,740 $46,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4842744

Arizona Regional Multiple Listing Service (ARMLS)
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