NOT LISTED FOR SALE

Estimated Value: $458,845 - $765,000

1 Bed
-- Bath
2,604 Sq Ft
$220/Sq Ft Est. Value

Last Sold March 24, 2017

Last sale price $244,000 $94 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $3,090/month

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2017

Great opportunity with this 4 unit space. All units have 2 bedrooms and 1 bathroom.
All units have long term tenants, 3 are multi year and one has been there 18 months
Don't let this one pass you buy great investment.

Last Agent to Sell the Property

Andrew Monaghan

Real Broker License #BR526609000 Listed on: 02/09/2017

Last Buyer's Agent

Jason Bingham

Distinguished Properties License #BR528229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $955

Year Built

  • Built in 1960

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 134-10-008

Community Details

Overview

  • 4 Units
  • Building Dimensions are 125 x 95
  • Southwest Mesa Center Subdivision

Building Details

  • Operating Expense $7,335
  • Gross Income $27,486
  • Net Operating Income $1,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$955

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: W Broadway Rd & S Ext Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: SOUTHWEST MESA CENTER
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

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

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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

  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: 125 x 95
  • Additional Parcels: No
  • Parcel #: 134-10-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 27486.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 1660.0
  • Annual Operating Expense: 7335.0

Tax Info

  • Tax Annual Amount: 955.0
  • Tax Book Number: 134.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2023
Sold by
Williams Scott
Bought by
706 W 5Th Avenue Trust
Current Estimated Value
$572,461

Purchase Details

Listed on
Feb 9, 2017
Closed on
Apr 7, 2017
Sold by
Williams Tamara
Bought by
Williams Scott
Seller's Agent
Andrew Monaghan
Real Broker
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$275,000
Sold Price
$244,000
Premium/Discount to List
-$31,000
-11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%
Original Mortgage
$183,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2017
Closed on
Apr 6, 2017
Sold by
Thunderhill Properties Llc
Bought by
Williams Scott
Seller's Agent
Andrew Monaghan
Real Broker
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$275,000
Sold Price
$244,000
Premium/Discount to List
-$31,000
-11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2005
Sold by
Armstrong William and Armstrong Paddy
Bought by
Thunderhill Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2005
Sold by
Kreimeyer Roger and Kreimeyer Linda
Bought by
Armstrong William and Armstrong Paddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 1998
Sold by
The Mitchell Group Inc
Bought by
Kreimeyer Roger and Kreimeyer Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 13, 1994
Sold by
Cowgur John Vernon and Cowgur Kathleen Flake
Bought by
The Mitchell Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
9.2%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
706 W 5Th Avenue Trust -- None Listed On Document
Williams Scott -- Clear Title Agency Of Arizon
Williams Scott $244,000 Clear Title Agency Of Arizon
Thunderhill Properties Llc -- Grand Canyon Title Agency In
Armstrong William $325,000 --
Kreimeyer Roger $264,000 Ati Title Company
The Mitchell Group Inc $185,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Scott $183,000
Previous Owner Armstrong William $260,000
Previous Owner Kreimeyer Roger $204,000
Previous Owner The Mitchell Group Inc $160,000
Closed Kreimeyer Roger $59,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2017 03/24/17 Sold $244,000 -11.3% $94 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
02/09/2017 02/09/17 For Sale $275,000 -- $106 / 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 $1,161 $11,771 -- --
2024 $1,165 $11,211 -- --
2023 $1,165 $39,560 $7,910 $31,650
2022 $1,141 $29,900 $5,980 $23,920
2021 $1,155 $25,830 $5,160 $20,670
2020 $1,140 $23,210 $4,640 $18,570
2019 $1,065 $19,600 $3,920 $15,680
2018 $1,022 $17,450 $3,490 $13,960
2017 $991 $14,260 $2,850 $11,410
2016 $973 $12,620 $2,520 $10,100
2015 $915 $11,850 $2,370 $9,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5558931

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-10-008