NOT LISTED FOR SALE

Estimated Value: $567,452 - $678,000

8 Beds
-- Bath
1,242 Sq Ft
$504/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $625,000 $503 Per Sq Ft

Current estimated payment $3,461/month

45 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of May 2022

Investor special! This is your opportunity to put your stamp on an investment in Phoenix. Month to month leases, so there is an opportunity to live in one and rent out the others. Be part of this growing area!
This 4 Plex is an awesome opportunity located near ASU & Light Rail and Celebrity Theater. All two bedrooms, one bath in two buildings. So many opportunities for growth here!

*Drive by only. Do not disturb tenants! No viewing until accepted contract. All facts and figures are approximate and must be verified by buyer.

Last Agent to Sell the Property

David Lethcho

My Home Group Real Estate License #BR658643000 Listed on: 03/18/2022

Co-Listed By

Carla Magee

My Home Group Real Estate License #SA685362000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $903

Year Built

  • Built in 1985

Lot Details

  • 7,754

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Creighton Elementary School
  • Phoenix Union Cyber High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 121-71-074

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are irregular
  • Pretty Run Plat A Subdivision

Building Details

  • Operating Expense $7,503
  • Gross Income $46,560
  • Net Operating Income $39,057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$903

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Fillmore and 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Directions: Take 32nd St from the 202 head S to Fillmore than West and Right to 30th Pl -property is on west side
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: myhg34
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: PRETTY RUN PLAT A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit
  • Heating: Electric
  • 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
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1600.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Phoenix Union Cyber High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 121-71-074

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 46560.0
  • Insurance Expense: 1700.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 39057.0
  • Annual Operating Expense: 7503.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 903.0
  • Tax Book Number: 121.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
May 11, 2022
Sold by
Tmi Holdings Llc
Bought by
Ridisidi Llc
Seller's Agent
David Lethcho
My Home Group Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$625,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$863
Avg. Annual Appreciation
0.46%

Purchase Details

Closed on
Dec 26, 2017
Sold by
Mizrahi Tomer
Bought by
Tmi Holdings Llc

Purchase Details

Listed on
Jan 30, 2017
Closed on
Apr 20, 2017
Sold by
Amrami Meital and Mizrahi Tomer
Bought by
Mizrahi Tomer
Seller's Agent
Becky Coen
eXp Realty
Buyer's Agent
Meital Amrami
My Home Group Real Estate
List Price
$185,000
Sold Price
$168,500
Premium/Discount to List
-$16,500
-8.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.10%
Original Mortgage
$123,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2017
Closed on
Apr 19, 2017
Sold by
M C Cornwell Properties Llc
Bought by
Mizrahi Tomer
Seller's Agent
Becky Coen
eXp Realty
Buyer's Agent
Meital Amrami
My Home Group Real Estate
List Price
$185,000
Sold Price
$168,500
Premium/Discount to List
-$16,500
-8.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2011
Sold by
Wells Fargo Bank Na
Bought by
M C Cornwellproperties Llc

Purchase Details

Closed on
Mar 11, 2011
Sold by
Ortega Henry P and Ortega Mary L
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 21, 1997
Sold by
Robinson Ronald L and Robinson Barbara A
Bought by
Ortega Henry P and Ortega Mary L

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
7.98%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Ridisidi Llc $625,000 Security Title
Tmi Holdings Llc -- None Available
Mizrahi Tomer -- First Arizona Title Agency
Mizrahi Tomer $164,000 First Arizona Title Agency L
M C Cornwellproperties Llc $41,500 First American Title Ins Co
Wells Fargo Bank Na $49,500 Accommodation
Ortega Henry P $45,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mizrahi Tomer $123,000
Previous Owner Ortega Henry P $73,298
Previous Owner Ortega Henry P $44,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $625,000 0.0% $503 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $625,000 0.0% $503 / Sq Ft
04/26/2022 04/26/22 Price Changed $625,000 -3.8% $503 / Sq Ft
04/22/2022 04/22/22 Price Changed $650,000 0.0% $523 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $650,000 +285.8% $523 / Sq Ft
04/20/2017 04/20/17 Sold $168,500 -3.7% $136 / Sq Ft
03/10/2017 03/10/17 Pending -- -- --
03/03/2017 03/03/17 Price Changed $175,000 -5.4% $141 / Sq Ft
01/30/2017 01/30/17 For Sale $185,000 -- $149 / 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 $928 $7,141 -- --
2024 $918 $6,801 -- --
2023 $918 $32,650 $6,530 $26,120
2022 $882 $22,950 $4,590 $18,360
2021 $903 $18,130 $3,620 $14,510
2020 $881 $15,670 $3,130 $12,540
2019 $875 $13,670 $2,730 $10,940
2018 $857 $12,350 $2,470 $9,880
2017 $824 $10,780 $2,150 $8,630
2016 $792 $8,350 $1,670 $6,680
2015 $737 $6,710 $1,340 $5,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6370531

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-71-074