NOT LISTED FOR SALE

Estimated Value: $825,000 - $1,138,000

-- Bed
-- Bath
3,412 Sq Ft
$291/Sq Ft Est. Value

Last Sold April 13, 2015

Last sale price $320,000 $94 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $5,469/month

60 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of April 2015

Great CASH FLOW Investment opportunity! 4-Plex in the heart of Uptown Phoenix conveniently located amidst top restaurants, hiking, biking, entertainment, shopping & major freeways. Oversized Units (avg 850sf/unit)! Two 2-Bedroom units & Two 1-Bedroom (plus AZ Room) units, all with their own backyard space! Long term, satisfied Tenants with average stay of 17 years! Historically Same Day Move-Out/Move-In due to high demand, providing a true 0% Vacancy Rate! Unit 2 Remodeled with new Kitchen & Bath in 2012 (Granite Countertops, Stainless Steel Appliances, Porcelain Tile Throughout, & more). Also has its own Inside Laundry; Other 3 Units partially updated. Foam Roof just Re-coated
Walking distance to Arizona Biltmore Fashion Park, Colonnade, Town & Country, Esplanade AMC, Los Olivos Park

Last Agent to Sell the Property

Gerry Dombek CRS

West USA Realty License #BR541184000 Listed on: 02/09/2015

West USA Realty

Last Buyer's Agent

Chris Lewis

Realty ONE Group License #SA519832000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,079

Year Built

  • Built in 1964

Lot Details

  • 0.28

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Madison Camelview Elementary School
  • Madison Park Middle School
  • Camelback High School

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 15
  • Assessor Parcel Number 163-08-025-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Citrus Heights Lots 10 33; Lot 15 Subdivision

Building Details

  • Operating Expense $9,394
  • Gross Income $30,480
  • Net Operating Income $23,165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,079

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 24th Street & Campbell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2014
  • Directions: East to 26th St; South on 26th St to property on east side of street
  • Road Surface Type: Asphalt
  • Subdivision Name: Citrus Heights Lots 10 - 33; Lot 15
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Master Meter, Individual Meter
  • Cooling: Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Trash Expense: 575.0
  • Annual Water Sewer Expense: 1260.0

Schools

  • Elementary School: Madison Camelview Elementary
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Park School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 163-08-025-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 96.0
  • Annual Gross Income: 30480.0
  • Insurance Expense: 1700.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 23165.0
  • Annual Operating Expense: 9394.0

Tax Info

  • Tax Annual Amount: 2079.0
  • Tax Book Number: 163.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2015
Closed on
Apr 12, 2015
Sold by
4421 N 26Th St Llc
Bought by
Miller Peter
Seller's Agent
Gerry Dombek CRS
West USA Realty
Buyer's Agent
Chris Lewis
Realty ONE Group
List Price
$329,000
Sold Price
$320,000
Premium/Discount to List
-$9,000
-2.74%
Current Estimated Value
$993,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$673,333
Avg. Annual Appreciation
11.37%

Purchase Details

Closed on
Sep 8, 2009
Sold by
234 Princeton Llc
Bought by
Marriott John C and Marriott Yvonne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
5.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2009
Sold by
Ez Homes Inc
Bought by
234 Princeton Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2009
Sold by
Bazikyan Andrey
Bought by
Ez Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2005
Sold by
Homeside Apartments Llc
Bought by
Bazikyan Andrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2005
Sold by
Thompson Mark S and Lewis Claire B
Bought by
Reust Allan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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
Miller Peter $445,000 Chicago Title Agency Inc
Marriott John C $185,000 Title Management Agency Of A
234 Princeton Llc -- None Available
Ez Homes Inc $65,001 None Available
Bazikyan Andrey $425,000 Chicago Title Insurance Co
Reust Allan K $300,000 Capital Title Agency Inc
Reust Allan K $300,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marriott John C $138,750
Previous Owner 234 Princeton Llc $100,000
Previous Owner Bazikyan Andrey $340,000
Previous Owner Reust Allan K $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2015 04/13/15 Sold $320,000 -2.7% $94 / Sq Ft
04/10/2015 04/10/15 Pending -- -- --
02/09/2015 02/09/15 For Sale $329,000 -- $96 / 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 $2,367 $19,060 -- --
2024 $2,304 $18,152 -- --
2023 $2,304 $96,180 $19,230 $76,950
2022 $2,235 $78,670 $15,730 $62,940
2021 $2,255 $64,930 $12,980 $51,950
2020 $2,219 $47,920 $9,580 $38,340
2019 $2,171 $39,150 $7,830 $31,320
2018 $2,117 $30,330 $6,060 $24,270
2017 $2,018 $29,620 $5,920 $23,700
2016 $1,948 $24,310 $4,860 $19,450
2015 $1,809 $20,900 $4,180 $16,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5234507

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-08-025B