NOT LISTED FOR SALE
22 Beds
11 Baths
782 Sq Ft
1977 Built

Sale Details

Date Sold: August 3, 2017

Last sale price $890,000 $1,138 Per Sq Ft

59 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2017

Seller is motivated bring your offer's now!!! Fully rented and owned by owner for almost 19 years. Self managed and have been running about 21k expenses a year for the past 9 years in actual numbers. All 2 bedroom one bath units. Single level all block construction. All units have covered parking. Newer roof and all have central air. Seller owned laundry. 451 S Olive included in sale. Rents below market at $650.00 currently. All facts figuers are approximate buyer verify MLS information. Drive by only! Do not disturb tenants unaware of sale.

Last Agent to Sell the Property

Sophia Baron

Real Broker License #BR648866000 Listed on: 04/29/2017

Real Broker

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Norma Millett

HomeSmart License #SA552895000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,421

Year Built

  • Built in 1977

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 22 Parking Spaces
  • 11 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 139-23-069

Community Details

Overview

  • 2 Buildings
  • 11 Units
  • Building Dimensions are 33,527
  • Lynwood Tract Lots 25 32 Subdivision

Building Details

  • Operating Expense $18,211
  • Gross Income $90,060
  • Net Operating Income $71,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,421

Year Built

Built in 1977

Listing Details

  • Cross Street: Broadway and Horne
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1977
  • Tax Year: 2016
  • Road Surface Type: Gravel, Dirt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: LYNWOOD TRACT LOTS 25-32
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • 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

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 3800.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 33,527
  • Additional Parcels: Yes
  • Parcel #: 139-23-069

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 11
  • Electric Expense: 2000.0
  • Annual Gross Income: 90060.0
  • Insurance Expense: 2397.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 71850.0
  • Annual Operating Expense: 18211.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3421.0
  • Tax Book Number: 139.00
  • Tax Lot: 12

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
Oct 10, 2019
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
$747,500
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 29, 2017
Closed on
Jul 25, 2017
Sold by
Bought by
Seller's Agent
Sophia Baron
Real Broker
Buyer's Agent
Norma Millett
HomeSmart
List Price
$930,000
Sold Price
$890,000
Premium/Discount to List
-$40,000
-4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
0.0388%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2000
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
$319,500
Interest Rate
0.0887%
Mortgage Type
Seller Take Back
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
$1,150,000 Stewart Ttl & Tr Of Phoenix
$890,000 Chicago Title Agency Inc
-- --
$426,000 Transnation Title Insurance
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
Open $747,500
Previous Owner $100,000
Previous Owner $850,000
Previous Owner $630,000
Previous Owner $319,500
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
08/03/2017 08/03/17 Sold $890,000 -4.3% $1,138 / Sq Ft
04/28/2017 04/28/17 For Sale $930,000 -- $1,189 / 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 $3,532 $35,796
2024 $3,542 $34,091
2023 $3,542 $130,310 $16,990 $113,320
2022 $3,469 $90,600 $11,810 $78,790
2021 $3,511 $73,880 $9,630 $64,250
2020 $3,466 $66,310 $8,650 $57,660
2019 $3,238 $51,710 $6,740 $44,970
2018 $3,108 $47,090 $6,140 $40,950
2017 $3,015 $43,020 $5,610 $37,410
2016 $2,959 $42,490 $5,540 $36,950
2015 $2,781 $38,520 $5,020 $33,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5597712

Arizona Regional Multiple Listing Service (ARMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.