NOT LISTED FOR SALE

Estimated Value: $407,745 - $467,000

-- Bed
-- Bath
1,579 Sq Ft
$278/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $350,000 $222 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,520/month

4 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of April 2021

Investors will love this great value add property with long term tenants. Duplex with 2 BR 1 Bath units. All tenants are on month to month with great potential to enhance returns via capture of loss to lease.

Last Listed By

Chad Kamp

Exit Realty Coannah License #BR533142000 Listed on: 03/19/2021

Exit Realty Coannah

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $834

Year Built

  • Built in 1983

Lot Details

  • 7,013

Home Design

  • Composition Roof

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 14
  • Assessor Parcel Number 139-24-159

Community Details

Overview

  • 2 Units
  • Building Dimensions are 95x75
  • Haws Replat Subdivision

Building Details

  • Operating Expense $5,729
  • Gross Income $15,600
  • Net Operating Income $10,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$834

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Mesa DR, Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Directions: Mesa DR & Broadway, East to Lesuer, South to 6th Dr property on NW Corner
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1092.0
  • Subdivision Name: HAWS REPLAT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3099.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 95x75
  • Additional Parcels: No
  • Parcel #: 139-24-159

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 15600.0
  • Maintenance Expense: 704.0
  • Property Net Operating Income: 10705.0
  • Annual Operating Expense: 5729.0

Tax Info

  • Tax Annual Amount: 834.0
  • Tax Book Number: 139.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2022
Sold by
Rs Xii Phoenix Owner 1 Lp
Bought by
Star 2022-Sfr3 Borrower Lp
Total Days on Market
4
Current Estimated Value
$439,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,765,000
Outstanding Balance
$568,513,293
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
-$568,065,222

Purchase Details

Listed on
Mar 19, 2021
Closed on
Apr 6, 2021
Sold by
Kamp Group Llc
Bought by
Rs Xii Phoenix Owner 1 Lp
Seller's Agent
Chad Kamp
Exit Realty Coannah
Buyer's Agent
Josh Strong
Nhimble Homes
List Price
$360,000
Sold Price
$350,000
Premium/Discount to List
-$10,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%

Purchase Details

Closed on
Sep 6, 2005
Sold by
Kamp Robert G and Kamp Donna J
Bought by
Kamp Group Llc

Purchase Details

Closed on
Aug 12, 2003
Sold by
Kamp Management Llc
Bought by
Kamp Robert G and Kamp Donna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,500
Interest Rate
4.44%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 4, 1995
Sold by
Alcorn Enterprises Inc
Bought by
Kamp Robert G and Kamp Donna J

Range of Values:

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Average Value
Not Available
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
Rs Xii Phoenix Owner 1 Lp $350,000 Great American Ttl Agcy Inc
Kamp Group Llc -- --
Kamp Robert G -- Security Title Agency
Kamp Robert G $70,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Star 2022-Sfr3 Borrower Lp $0
Previous Owner Kamp Robert G $84,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $350,000 -2.8% $222 / Sq Ft
03/18/2021 03/18/21 For Sale $360,000 -- $228 / 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 $846 $8,617 -- --
2024 $853 $8,206 -- --
2023 $853 $30,460 $6,090 $24,370
2022 $835 $21,480 $4,290 $17,190
2021 $845 $17,820 $3,560 $14,260
2020 $834 $16,230 $3,240 $12,990
2019 $779 $12,750 $2,550 $10,200
2018 $748 $11,820 $2,360 $9,460
2017 $726 $10,270 $2,050 $8,220
2016 $712 $9,580 $1,910 $7,670
2015 $670 $8,260 $1,650 $6,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6209311

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-159