NOT LISTED FOR SALE

Estimated Value: $514,000 - $654,000

Studio
-- Bath
1,525 Sq Ft
$375/Sq Ft Est. Value

Last Sold September 29, 2015

Last sale price $185,500 $122 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $3,084/month

39 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Community Barbecue Grill
  • Window Unit Heating System
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of September 2015

*Rare Find in Arcadia/Phoenix area* Fully remodeled, block construction Duplex w/ 8% CAP Rate! Opportunity to increase rents. Each renting for $725/mo. 2 bedrooms units on both sides. Professional remodel includes new tile flooring, cabinets, appliances, bathrooms, kitchens, light fixtures, all Windows, doors & new energy efficient, Unit A has a Frigidaire 18,500 BTU Wall Mounted Air Conditioner & Heater. Unit B- central combo HVAC system. Solid construction. 2 covered parking stalls, 3 additional parking spaces & 5 enclosed storage areas for additional income potential. Most rehabs are paint & carpet - this is full remodel including all new windows so it should be a cash flow king for many years.

Last Agent to Sell the Property

William Nager

My Home Group Real Estate License #SA632171000 Listed on: 08/08/2015

My Home Group Real Estate

Last Buyer's Agent

Frank Pautz

West USA Realty License #SA631605000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $817

Year Built

  • Built in 1959

Lot Details

  • 9,017

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 126-17-033

Community Details

Overview

  • 2 Units
  • Building Dimensions are 90 x 100
  • Stafford Village 2 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $2,787
  • Gross Income $17,400
  • Net Operating Income $15,099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$817

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: E Thomas Rd and 48th St.
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: STAFFORD VILLAGE 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 1000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 90 x 100
  • Additional Parcels: No
  • Parcel #: 126-17-033

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 17400.0
  • Insurance Expense: 720.0
  • Maintenance Expense: 250.0
  • Property Net Operating Income: 15098.76
  • Annual Operating Expense: 2787.0

Tax Info

  • Tax Annual Amount: 817.0
  • Tax Book Number: 126.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2015
Closed on
Sep 28, 2015
Sold by
Britaz Properties Sheridan Llc
Bought by
Hoffman Leonard N
Seller's Agent
William Nager
My Home Group Real Estate
Buyer's Agent
Frank Pautz
West USA Realty
List Price
$210,000
Sold Price
$185,500
Premium/Discount to List
-$24,500
-11.67%
Current Estimated Value
$571,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,620
Avg. Annual Appreciation
11.54%

Purchase Details

Closed on
Dec 18, 2014
Sold by
Garetson Thomas
Bought by
Britaz Properties Sheridan Llc

Purchase Details

Listed on
Apr 1, 2014
Closed on
May 23, 2014
Sold by
Invesource Llc
Bought by
Garetson Thomas
Seller's Agent
Joshua Roubal
Dwellings Realty Group
Buyer's Agent
William Nager
My Home Group Real Estate
List Price
$185,000
Sold Price
$172,500
Premium/Discount to List
-$12,500
-6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Original Mortgage
$129,350
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2014
Closed on
May 16, 2014
Sold by
Hargreaves Kasperek Kimberley D and Garetson Thomas
Bought by
Garetson Thomas
Seller's Agent
Joshua Roubal
Dwellings Realty Group
Buyer's Agent
William Nager
My Home Group Real Estate
List Price
$185,000
Sold Price
$172,500
Premium/Discount to List
-$12,500
-6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,350
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 4, 2014
Closed on
Feb 14, 2014
Sold by
Blue Water Capital Llc
Bought by
Invesource Llc
Seller's Agent
Andrew Watts
Coldwell Banker Realty
Buyer's Agent
Natalie Worden
Gentry Real Estate
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2698.41%

Purchase Details

Listed on
Feb 4, 2014
Closed on
Feb 12, 2014
Sold by
Nelson Richard A
Bought by
Blue Water Capital Llc
Seller's Agent
Andrew Watts
Coldwell Banker Realty
Buyer's Agent
Natalie Worden
Gentry Real Estate
List Price
$75,000
Sold Price
$75,000

Purchase Details

Closed on
Jan 28, 1999
Sold by
Nelson Richard A
Bought by
Nelson Richard A and Nelson Living Trust
Source: Public Records
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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
Hoffman Leonard N $185,500 Nextitle
Britaz Properties Sheridan Llc -- Accommodation
Garetson Thomas $172,500 First Arizona Title Agency
Garetson Thomas -- First Arizona Title Agency
Invesource Llc $95,000 First American Title Ins Co
Blue Water Capital Llc $75,000 First American Title Ins Co
Nelson Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garetson Thomas $129,350
Previous Owner Garetson Thomas $129,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2015 09/29/15 Sold $185,500 -11.7% $122 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
08/08/2015 08/08/15 For Sale $210,000 +21.7% $138 / Sq Ft
05/23/2014 05/23/14 Sold $172,500 -6.8% $113 / Sq Ft View Prior Sale
04/16/2014 04/16/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $185,000 +146.7% $121 / Sq Ft
02/19/2014 02/19/14 Sold $75,000 0.0% $49 / Sq Ft View Prior Sale
02/12/2014 02/12/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $75,000 -- $49 / 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 $1,172 $9,184 -- --
2024 $1,093 $8,747 -- --
2023 $1,093 $33,880 $6,770 $27,110
2022 $1,053 $22,750 $4,550 $18,200
2021 $1,071 $20,580 $4,110 $16,470
2020 $1,051 $18,080 $3,610 $14,470
2019 $1,047 $15,750 $3,150 $12,600
2018 $986 $14,920 $2,980 $11,940
2017 $945 $10,650 $2,130 $8,520
2016 $924 $8,800 $1,760 $7,040
2015 $868 $7,600 $1,520 $6,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5318215

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-17-033