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

Sale Details

Date 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

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

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
Jun 6, 2023
Closed on
Aug 8, 2023
Sold by
Bought by
Seller's Agent
Anthony Guerriero
Russ Lyon Sotheby's International Realty
Buyer's Agent
Anthony Guerriero
Russ Lyon Sotheby's International Realty
List Price
$1,050,000
Sold Price
$1,050,000
Views
16

Purchase Details

Listed on
Apr 1, 2018
Closed on
Aug 14, 2018
Sold by
Bought by
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Christine Fox
HomeSmart
List Price
$549,000
Sold Price
$529,000
Premium/Discount to List
-$20,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.70%
Original Mortgage
$368,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2004
Sold by
Bought by
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
$1,050,000 First American Title Insurance
-- First American Title Insurance
$529,000 American Title Service Agenc
-- None Available
-- None Available
-- --
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 $368,000
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 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

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 $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
2015 $1,880 $24,700 $4,940 $19,760
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)
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