NOT LISTED FOR SALE

Estimated Value: $812,000 - $995,000

-- Bed
1 Bath
635 Sq Ft
$1,390/Sq Ft Est. Value

Last Sold January 17, 2017

Last sale price $393,000 $619 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $4,948/month

753 Days on Market

Highlights

  • Multiple cooling system units
  • Concrete Flooring
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A

About This Home

As of January 2017

INCOME PRODUCING PROPERTY TO PURCHASE.. 7 RENTAL UNITS & COULD BE 8 UNITS AS ONE IS STORAGE- THERE ARE 5- 1 BDRMS & 2 -2 BDRMS ONE BLDG IS A TRI-PLEX/WELL MAINTAINED-HUGE LOT/ MONTH TO MONTH LEASES-SEVERAL TENANTS THERE FOR YEARS-RENTS ARE BELOW MARKET IN CASE YOU WANT TO INCREASE-COIN OPERATED WASHER & DRYER/2 PARCELS COMBINED BIG LOT/ PRIME LOCATION/BUILD VERTICAL ? OR FOR A NEW DEVELOPMENT- EVEN LUXURY APTS NEAR HERE CALLED LEVEL ON SIXTEENTH ON 15TH ST & CAMPBELL- MINUTES TO 16TH ST & CAMELBACK CLOSE TO DOWN TOWN/ BUSINESS OFFICES-ENTERTAINMENT- DIAMONDBACKS BALL PARK-ORPHEUM THEATER/RESTAURANTS &MORE/CLOSE TO AZ STATE UNIV DOWNTOWN PHOENIX/SHERATON, /BUYER TO VERIFY ALL FACTS & FIGURES SOME UNITS SHOW BUILT BEFORE 1954/BUY IT BEFORE SOMEONE ELSE DOES/CAUSE EVERYTHING SELLS EVENTUALLY. SELLER PREFERS ALL CASH -NEW LOAN BUT MAY STILL ENTERTAIN A SELLER CARRY BACK AT 50% DOWN AND MAY ENTERTAIN AN OFFER SUBJECT TO FINAL APPROVAL AT 7% INTEREST AMORTIZED OVER 15 YEARS WITH IT ALL BEING DUE AND PAYABLE IN 2 YEARS. TAXES AND INSURANCE TO BE IMPOUNDED AND BY AN AGREEMENT FOR SALE AND WITH A DUE ON SALE CLAUSE AND PROPERTY MA Y NOT BE ENCUMBERED UNLESS PAID IN FULL - APPROXIMATE FIGURES FOR WATER, SEWER & TRASH IN ONE BILL WITH CITY OF PHOENIX $4,517 FOR 2016 FIGURES/DUSK TO DAWN LIGHT ANNUAL EXPENSE $136.34/SELLER ALREADY HAS HIS PAPERWORK FOR PROPERTIES AT LAWYER'S TITLE - WESTAR COLLECTION AGENCY IS PREFERRED FOR COLLECTION AGENCY - PLEASE DO NOT DISTURB ANY OF THE TENANTS OR WALK ONTO PROPERTY WITHOUT AN APPOINTMENT FOR SHOWING...ALL INFO AND FIGURES TO BE VERIFIED TO BUYER'S SATISFACTION AS INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED

Last Agent to Sell the Property

Bettina Franco

HomeSmart License #BR025293000 Listed on: 12/16/2014

Last Buyer's Agent

Jill Scott

ProSmart Realty License #BR574679000

ProSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,788

Year Built

  • Built in 1954

Lot Details

  • 0.39

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking
  • On-Street Parking

Schools

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

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Master Water Meter

Additional Features

  • Concrete Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 23
  • Assessor Parcel Number 155-08-048

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 21,820 +/- (2 parcels combined)

Building Details

  • Operating Expense $8,482
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,788

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 12th St South of Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2016
  • Directions: 12 ST & CAMELBACK HEAD SOUTH TO CAMPBELL THEN TURN LEFT GOING EAST TO 13TH PL THEN TURN RIGHT AND UNITS ARE ON RIGHT HAND SIDE (WEST) - NO SIGN ON PROPERTY AND PLEASE DO NOT DISTURB TENANTS-DRIVE BY
  • Road Frontage Type: Alley
  • Road Surface Type: Gravel, Dirt, Sidewalk(s)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Concrete
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: See Remarks, Composition, Metal
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks), APS
  • Cooling: Other, See Remarks, 2 or More Units, Wall/Window Unit(s)
  • Heating: Other, See Remarks, 2 or More Units, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 4517.0

Schools

  • Elementary School: Phoenix Prep Academy
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Elementary School

Lot Info

  • Lot Size: 21,820 +/- (2 parcels combined)
  • Additional Parcels: No
  • Parcel #: 155-08-048

Multi Family

  • Owner Pays: Other, See Remarks, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 7
  • Insurance Expense: 1440.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 8481.54

Tax Info

  • Tax Annual Amount: 1788.0
  • Tax Book Number: 155.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2014
Closed on
Jan 14, 2017
Sold by
Rivaf Llc
Bought by
Marin Norman V
Seller's Agent
Bettina Franco
HomeSmart
Buyer's Agent
Jill Scott
ProSmart Realty
List Price
$399,900
Sold Price
$393,000
Premium/Discount to List
-$6,900
-1.73%
Current Estimated Value
$882,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,582
Avg. Annual Appreciation
8.15%
Original Mortgage
$325,400
Outstanding Balance
$273,394
Interest Rate
4.13%
Mortgage Type
Commercial
Estimated Equity
$496,981

Purchase Details

Closed on
Jan 4, 2000
Sold by
Rivaf Llc
Bought by
Meily Walter and Meily Prudence

Purchase Details

Closed on
Aug 15, 1997
Sold by
Friedberg Richard E and Friedberg Jack
Bought by
Rivaf Llc

Purchase Details

Closed on
Apr 4, 1997
Sold by
Chinaberry Lane Apartments Associates
Bought by
Friedberg Jack and Friedberg Libby
Source: Public Records

Range of Values:

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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
Marin Norman V $393,000 Driggs Title Agency Inc
Meily Walter -- Security Title Agency
Rivaf Llc $182,439 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marin Norman V $325,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2017 01/17/17 Sold $393,000 -0.5% $619 / Sq Ft
01/07/2017 01/07/17 Pending -- -- --
06/27/2016 06/27/16 Price Changed $395,000 +2.6% $622 / Sq Ft
05/14/2016 05/14/16 Price Changed $385,000 -3.7% $606 / Sq Ft
12/16/2014 12/16/14 For Sale $399,900 -- $630 / 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 $1,668 $13,431 -- --
2024 $1,623 $12,791 -- --
2023 $1,623 $60,410 $12,080 $48,330
2022 $1,575 $43,500 $8,700 $34,800
2021 $1,589 $38,380 $7,670 $30,710
2020 $1,564 $31,510 $6,300 $25,210
2019 $1,529 $27,910 $5,580 $22,330
2018 $1,492 $21,980 $4,390 $17,590
2017 $1,422 $21,850 $4,370 $17,480
2016 $1,373 $16,560 $3,310 $13,250
2015 $1,275 $13,130 $2,620 $10,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5211798

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-08-048