$138,500
SOLD JUL 2, 2013
-- Bed
-- Bath
3,216 Sq Ft
1983 Built

Recently Sold

$43 Per Sq Ft

7% Below List Price

6 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of March 2024

Must be sold with 620 W Apache. Which means 2 fourplexes, side by side all 2 bedroom units with washer/dryer hookups! And this is a seller carry opportunity!!! Fantastic opportunity to own 8 units with seller financing! Rents are $565 for lower floors and $535 for upper floors. Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 05/03/2013

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 05/03/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,012

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 18
  • Assessor Parcel Number 112-37-137

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Gross Income $23,760
  • Net Operating Income $16,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,012

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 7th Avenue/Buckeye
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 957
  • Directions: South to property on NEC of 7th Ave/Apache. Must be sold with 620 W Apache.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per 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
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2780.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 112-37-137

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 23760.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 16020.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2012.0
  • Tax Book Number: 112.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2025
Sold by
Mbonda Joseph
Bought by
Mbonda Joseph and Ngwa Olivia Rose
Current Estimated Value
$644,264

Purchase Details

Listed on
Aug 30, 2023
Closed on
Mar 18, 2024
Sold by
Denner Llc
Bought by
Mbonda Joseph
Seller's Agent
Camelia Dobos
West USA Realty
Buyer's Agent
Derek Rothe
West USA Realty
List Price
$680,000
Sold Price
$650,000
Premium/Discount to List
-$30,000
-4.41%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.64%
Original Mortgage
$487,500
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2020
Sold by
Tran Hung Tan and Tran Diana Thi
Bought by
Guillet Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 2015
Sold by
Tran Hung Tan and Tran Diana Thi
Bought by
The Hung & Diana Tran Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,130,000
Interest Rate
3.85%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
May 3, 2013
Closed on
Jun 25, 2013
Sold by
Hernandez Jesus R and Hernandez Lorenza M
Bought by
Tran Hunt Tan and Tran Diana Thi
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$149,000
Sold Price
$138,500
Premium/Discount to List
-$10,500
-7.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.55%
Original Mortgage
$103,875
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2004
Sold by
Hernandez Jesus R
Bought by
Hernandez Jesus R and Hernandez Lorenza M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2004
Sold by
Hernandez Lorenza M
Bought by
Hernandez Jesus R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 1996
Sold by
Linde Jean M
Bought by
Hernandez Jesus R and Hernandez Lorenza M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,900
Interest Rate
6.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- Driggs Title Agency
Warranty Deed $650,000 Driggs Title Agency
Warranty Deed $310,000 Security Title Agency Inc
Warranty Deed -- None Available
Warranty Deed $138,500 Chicago Title Agency Inc
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Westland Title Agency Of Az
Joint Tenancy Deed $66,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $487,500 New Conventional
Previous Owner $285,000 Commercial
Previous Owner $2,130,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $103,875 New Conventional
Previous Owner $77,000 New Conventional
Previous Owner $42,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Sold $650,000 -2.3% $202 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
11/10/2023 11/10/23 Price Changed $665,000 -2.2% $207 / Sq Ft
11/02/2023 11/02/23 Price Changed $680,000 0.0% $211 / Sq Ft
11/02/2023 11/02/23 For Sale $680,000 0.0% $211 / Sq Ft
10/23/2023 10/23/23 For Sale $680,000 0.0% $211 / Sq Ft
09/29/2023 09/29/23 Off Market $680,000 -- --
08/30/2023 08/30/23 For Sale $680,000 +391.0% $211 / Sq Ft
07/02/2013 07/02/13 Sold $138,500 -7.0% $43 / Sq Ft
05/09/2013 05/09/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $149,000 -- $46 / 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 $1,333 $9,971 -- --
2024 $1,321 $9,497 -- --
2023 $1,321 $37,770 $7,550 $30,220
2022 $1,274 $26,960 $5,390 $21,570
2021 $1,264 $21,600 $4,320 $17,280
2020 $1,279 $17,770 $3,550 $14,220
2019 $1,277 $16,180 $3,230 $12,950
2018 $1,255 $15,950 $3,190 $12,760
2017 $1,226 $14,260 $2,850 $11,410
2016 $1,191 $11,350 $2,270 $9,080
2015 $1,102 $10,070 $2,010 $8,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4930959

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-37-137