NOT LISTED FOR SALE

Estimated Value: $390,000 - $445,379

3 Beds
1 Bath
-- Sq Ft
7,841 Sq Ft Lot Lot

Sale Details

Date Sold: January 27, 2021

Last sale price $310,000

Est. 35% increase in value since last sale

Current estimated payment $2,343 / mo

2 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Window Unit Heating System
  • Sunnyslope High School Rated A

About This Home

As of January 2021

Opportunity knocks! Great income generating 4 plex/multifamily for sale in Central Phoenix. Recently remodeled interiors, all units rented with long term leases in place. Three, 1-bed 1-bath units and one stand alone studio. 3 units remodeled with wood look tile, kitchen and bath remodel, all appliances owned and convey with the sale. Do Not Disturb Tenants.

Last Agent to Sell the Property

Michelle Renteria

Russ Lyon Sotheby's International Realty License #SA658995000 Listed on: 01/09/2021

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

John Kepple

Capital REI License #BR562201000

Capital REI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $843

Year Built

  • Built in 1972

Lot Details

  • 7,841

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Washington Elementary School
  • Sunnyslope High Middle School
  • Sunnyslope High School

Utilities

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

Listing and Financial Details

  • The owner pays for gas, trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 159-45-109

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 89.10'x86.99'

Building Details

  • Operating Expense $6,486
  • Gross Income $32,400
  • Net Operating Income $25,914

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$843

Year Built

Built in 1972

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Cross Street: 7th St and Hatcher Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1080.0
  • Trash Expense: 1424.0
  • Annual Water Sewer Expense: 934.0

Schools

  • Elementary School: Washington Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Sunnyslope High School

Lot Info

  • Lot Size: 89.10'x86.99'
  • Additional Parcels: No
  • Parcel #: 159-45-109

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 32400.0
  • Insurance Expense: 1605.0
  • Property Net Operating Income: 25914.0
  • Annual Operating Expense: 6486.0

Tax Info

  • Tax Annual Amount: 843.0
  • Tax Book Number: 159.00
  • Tax Lot: 1

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

Listed on
Jan 9, 2021
Closed on
Jan 26, 2021
Sold by
Bought by
Seller's Agent
Michelle Renteria
Russ Lyon Sotheby's International Realty
Buyer's Agent
John Kepple
Capital REI
List Price
$285,000
Sold Price
$310,000
Premium/Discount to List
$25,000
8.77%
Current Estimated Value
$418,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,095
Avg. Annual Appreciation
5.76%

Purchase Details

Closed on
May 2, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 26, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 2011
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
$44,100
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2011
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
$44,100
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2006
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
$129,500
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2006
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
$172,500
Interest Rate
6.2%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 6, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 9, 1994
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
$38,000
Interest Rate
8.57%
Mortgage Type
Seller Take Back
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

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
$310,000 Old Republic Title Agency
-- None Available
-- None Available
-- Clear Title Agency Of Arizon
$85,000 Clear Title Agency Of Arizon
-- Accommodation
$63,000 First American Title Ins Co
$67,001 None Available
$185,000 Ticor Title Agency Of Az Inc
$222,500 Security Title Agency Inc
-- --
$42,000 Security Title Agency
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 $44,100
Previous Owner $129,500
Previous Owner $172,500
Previous Owner $38,000
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
01/27/2021 01/27/21 Sold $310,000 +8.8% --
01/23/2021 01/23/21 For Sale $285,000 0.0% --
01/23/2021 01/23/21 Price Changed $285,000 0.0% --
01/11/2021 01/11/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $285,000 0.0% --
08/16/2012 08/16/12 Rented $450 +3.4% --
08/16/2012 08/16/12 Under Contract -- -- --
07/31/2012 07/31/12 For Rent $435 -- --
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 $934 $7,346 -- --
2024 $882 $6,996 -- --
2023 $882 $28,820 $5,760 $23,060
2022 $853 $20,470 $4,090 $16,380
2021 $864 $17,120 $3,420 $13,700
2020 $843 $14,760 $2,950 $11,810
2019 $827 $12,570 $2,510 $10,060
2018 $806 $9,450 $1,890 $7,560
2017 $802 $8,660 $1,730 $6,930
2016 $787 $8,070 $1,610 $6,460
2015 $729 $6,880 $1,370 $5,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6179122

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-45-109

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