NOT LISTED FOR SALE
Studio
1 Bath
350 Sq Ft
1986 Built

Sale Details

Date Sold: April 29, 2022

Last sale price $844,300 $2,412 Per Sq Ft

5 Days on Market

About This Home

As of April 2022

Two Buildings! 432 E. 9th Ave. & 454 E 9th Ave. must be purchased together. 16 units for $1,650,000.00 - Apache Junction. Investor dream with upside renovation/increased rent potential. Close proximity to US-60, Central Arizona College, NAU, grocery, state parks & more. Stable community, professionally managed with one vacancy under renovation. Rents for the area could be $795 for studios and $995 for one bedrooms. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Andrew Thruston

P.J. Hussey & Associates, Inc License #BR549524000 Listed on: 03/25/2022

Co-Listed By

Ashley Everts

P.J. Hussey & Associates, Inc License #BR637677000

Last Buyer's Agent

Julian Tiege

My Home Group Real Estate License #SA666191000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,933

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 25
  • Assessor Parcel Number 102-23-026

Community Details

Overview

  • 8 Units
  • Building Dimensions are 0.207 acres
  • Palm Springs Unit Five Subdivision

Building Details

  • Operating Expense $28,088
  • Gross Income $163,248
  • Net Operating Income $119,641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,933

Year Built

Built in 1986

Listing Details

  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: B1
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: huss01
  • Co List Office Phone: 623-930-7700
  • Subdivision Name: PALM SPRINGS UNIT FIVE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 11.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 5260.0

Lot Info

  • Lot Size: 0.207 acres
  • Additional Parcels: No
  • Parcel #: 102-23-026

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1095.0
  • Annual Gross Income: 163248.0
  • Insurance Expense: 11550.0
  • Maintenance Expense: 8250.0
  • Property Net Operating Income: 119641.0
  • Annual Operating Expense: 28088.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1933.0
  • Tax Book Number: 102.00
  • Tax Lot: 25

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
May 14, 2024
Sold by
Bought by

Purchase Details

Listed on
Mar 25, 2022
Closed on
Apr 5, 2022
Sold by
Bought by
Seller's Agent
Andrew Thruston
P.J. Hussey & Associates, Inc
Buyer's Agent
Julian Tiege
My Home Group Real Estate
List Price
$1,650,000
Sold Price
$844,300
Premium/Discount to List
-$805,700
-48.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- --
$1,688,600 Old Republic Title
-- None Available
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 $1,350,000
Previous Owner $1,190,000
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
04/29/2022 04/29/22 Sold $844,300 +2.3% $2,412 / Sq Ft
04/26/2022 04/26/22 Price Changed $825,000 0.0% $2,357 / Sq Ft
04/15/2022 04/15/22 Price Changed $825,000 0.0% $2,357 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/26/2022 03/26/22 Price Changed $825,000 -50.0% $2,357 / Sq Ft
03/24/2022 03/24/22 For Sale $1,650,000 -- $4,714 / 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 $2,041 $21,264
2024 $1,926 $21,266
2023 $2,009 $15,443 $0 $0
2022 $1,926 $14,355 $4,499 $9,856
2021 $1,962 $14,136 $0 $0
2020 $1,912 $12,924 $0 $0
2019 $1,834 $12,732 $0 $0
2018 $1,796 $11,485 $0 $0
2017 $1,768 $11,658 $0 $0
2016 $1,725 $12,303 $1,100 $11,203
2014 -- $9,552 $1,100 $8,452
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6373563

Arizona Regional Multiple Listing Service (ARMLS)
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