NOT LISTED FOR SALE
8 Beds
6 Baths
1,625 Sq Ft
1970 Built

Last Sold August 16, 2023

Last sale price $1,050,000 $646 Per Sq Ft

2 Days on Market

Highlights

  • Clubhouse
  • Heated Community Pool
  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Shuffleboard Court
  • Ceiling Fan

About This Home

As of August 2023

Incredible Investment opportunity in Velda Rose Estates, This well maintained 6-unit property is in a highly desirable 55+ community adjacent to the clubhouse and swimming pool. The property consists of two- 900 sq ft two bedroom one bathroom units and four one bedroom one bathroom units two at 750 sq ft and two at 700 sq ft. with on-site laundry. The pride of ownership is evident and the current owners recently replaced the roof, flooring ,a/c units, exhaust and interior paint making this property standout. Drive by only do not disturb the tenants.

Last Agent to Sell the Property

Anthony Guerriero

Russ Lyon Sotheby's International Realty License #SA663981000 Listed on: 06/06/2023

Russ Lyon Sotheby's International Realty

Co-Listed By

Christine Fox

HomeSmart License #SA661026000

Last Buyer's Agent

Anthony Guerriero

Russ Lyon Sotheby's International Realty License #SA663981000 Listed on: 06/06/2023

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,335

Year Built

  • Built in 1970

Home Design

  • Tile Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 13 Parking Spaces
  • 7 Covered Spaces
  • Paved Parking

Schools

  • Adult Elementary And Middle School
  • Adult High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 268 & 269
  • Assessor Parcel Number 141-61-067-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 145x120x125x113

Amenities

  • Clubhouse

Recreation

  • Shuffleboard Court
  • Heated Community Pool

Building Details

  • Operating Expense $3,035
  • Gross Income $82,935
  • Net Operating Income $63,542

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,335

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: University & 64th St.
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: lyon24
  • Co List Office Phone: 480-750-7424
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Tile, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 13.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Shuffle Brd/Lawn Bwl, Clubhouse, Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Clubhouse: Yes
  • Community Amenities:Shuffle BrdLawn Bwl: Yes

Schools

  • Elementary School: Adult
  • High School: Adult
  • Junior High Dist: Out of Area
  • Middle Or Junior School: Adult

Lot Info

  • Lot Size: 145x120x125x113
  • Additional Parcels: No
  • Parcel #: 141-61-067-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 82935.0
  • Property Net Operating Income: 63542.0
  • Annual Operating Expense: 3035.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2335.0
  • Tax Book Number: 141.00
  • Tax Lot: 268 & 269
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2023 08/16/23 Sold $1,050,000 0.0% $646 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $1,050,000 +98.5% $646 / Sq Ft
08/17/2018 08/17/18 Sold $529,000 -3.6% $326 / Sq Ft View Prior Sale
06/06/2018 06/06/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $549,000 -- $338 / 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 $2,379 $24,548 -- --
2024 $2,408 $23,379 -- --
2023 $2,408 $80,980 $16,190 $64,790
2022 $2,335 $59,160 $11,830 $47,330
2021 $2,331 $52,550 $10,510 $42,040
2020 $2,307 $48,300 $9,660 $38,640
2019 $2,175 $38,070 $7,610 $30,460
2018 $2,114 $36,770 $7,350 $29,420
2017 $2,071 $32,580 $6,510 $26,070
2016 $1,995 $29,030 $5,800 $23,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6565443

Arizona Regional Multiple Listing Service (ARMLS)