NOT LISTED FOR SALE

Estimated Value: $891,000 - $1,142,106

-- Bed
-- Bath
2,412 Sq Ft
$426/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $1,085,000 $450 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,639/month

10 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of March 2022

This renovated 100% occupied triplex is excellently located in the Uptown submarket off of 14th St and Rose Ln. This property just underwent an extensive renovation and has been completely remodeled from the interiors of all the units, to the plumbing and electrical infrastructure as well as all exteriors. The property is individually metered for gas and electric and the landlord pays for water. These apartments sit on a 10,827 Sf lot and consist of one, 1/1 (approx. 612 SF) unit and two 2/1, (approx. 900 SF) units. The 1/1 unit has a rent of $1,500 while the 2/1 units have a rent of $2,000 & $1,700. A future owner will have the opportunity to raise the $1,700 rent to $2,000+ when the tenant renews on December 31st, 2022.

Last Agent to Sell the Property

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000 Listed on: 02/01/2022

SVN/Desert Commercial Advisors

Last Buyer's Agent

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000 Listed on: 02/01/2022

SVN/Desert Commercial Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,308

Year Built

  • Built in 1959

Lot Details

  • 10,803

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 12
  • Assessor Parcel Number 161-09-055

Community Details

Overview

  • 3 Units
  • Building Dimensions are 85ft, 128ft
  • Rose Lane Terrace Subdivision

Building Details

  • Operating Expense $13,442
  • Gross Income $59,622
  • Net Operating Income $46,198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,308

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 14th an Rose Ln
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2021
  • Directions: When on Rose Lane turn north onto 14th St, The Triplex is the third building on the right
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3784.0
  • Subdivision Name: ROSE LANE TERRACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 1800.0

Lot Info

  • Lot Size: 85ft, 128ft
  • Additional Parcels: No
  • Parcel #: 161-09-055

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 59622.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 46198.0
  • Annual Operating Expense: 13442.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2308.0
  • Tax Book Number: 161.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2023
Sold by
Morantz Trust
Bought by
Greentree Palms Llc
Current Estimated Value
$1,028,527

Purchase Details

Closed on
Jul 15, 2022
Sold by
Morantz Chaz and Morantz Julie
Bought by
Morantz Trust

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 18, 2022
Sold by
Mv2p Real Estate Llc
Bought by
Morantz Paul
Seller's Agent
Carrick Sears
SVN/Desert Commercial Advisors
Buyer's Agent
Carrick Sears
SVN/Desert Commercial Advisors
List Price
$1,065,000
Sold Price
$1,085,000
Premium/Discount to List
$20,000
1.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.98%

Purchase Details

Closed on
Sep 2, 2021
Sold by
Bjk Investments Llc
Bought by
Mv2p Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2020
Sold by
Jones Kenneth L
Bought by
Bjk Investments Llc

Purchase Details

Closed on
Mar 14, 2013
Sold by
Bjk Investments Llc
Bought by
Jones Kenneth L

Purchase Details

Closed on
Apr 20, 2010
Sold by
Clause Janet
Bought by
Bjk Investments Llc

Purchase Details

Closed on
Apr 15, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Clause Janet

Purchase Details

Closed on
Jan 11, 2010
Sold by
Hernandez Oscar
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Aug 3, 2007
Sold by
Sage Tiger Management Llc
Bought by
Hernandez Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,150
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2007
Sold by
6215 N 14Th Street Llc
Bought by
Sage Tiger Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,150
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2005
Sold by
Herrick Thomas C and Herrick Christina B
Bought by
6215 N 14Th Street Llc

Purchase Details

Closed on
Jul 6, 2005
Sold by
Blanton Pauline L
Bought by
Herrick Thomas and Herrick Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2000
Sold by
Blanton Billie R and Blanton Pauline L
Bought by
Blanton Pauline L and Blanton Billie R
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
Greentree Palms Llc -- None Listed On Document
Morantz Trust -- --
Morantz Paul $1,085,000 American Title Services
Morantz Chaz -- --
Morantz Paul $1,085,000 American Title Services
Mv2p Real Estate Llc -- American Title Svc Agcy Llc
Bjk Investments Llc -- None Available
Jones Kenneth L -- Chicago Title Agency Inc
Bjk Investments Llc $122,000 First American Title Ins Co
Clause Janet $92,000 First American Title Ins Co
Hsbc Bank Usa National Association $190,000 Accommodation
Hernandez Oscar $353,600 Chicago Title Insurance Co
Sage Tiger Management Llc -- Chicago Title Insurance Co
6215 N 14Th Street Llc -- --
Herrick Thomas $300,000 Chicago Title Insurance Co
Blanton Pauline L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mv2p Real Estate Llc $496,000
Previous Owner Hernandez Oscar $318,150
Previous Owner Herrick Thomas $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $1,085,000 +1.9% $450 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $1,065,000 -- $442 / 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 $2,488 $19,515 -- --
2024 $2,359 $18,586 -- --
2023 $2,359 $53,650 $10,730 $42,920
2022 $2,289 $43,300 $8,660 $34,640
2021 $2,308 $37,800 $7,560 $30,240
2020 $2,273 $31,450 $6,290 $25,160
2019 $2,222 $26,650 $5,330 $21,320
2018 $2,168 $23,580 $4,710 $18,870
2017 $2,066 $20,870 $4,170 $16,700
2016 $1,995 $17,860 $3,570 $14,290
2015 $1,853 $16,970 $3,390 $13,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6349297

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-055