NOT LISTED FOR SALE

Estimated Value: $355,000 - $794,000

4 Beds
3 Baths
1,200 Sq Ft
$553/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $500,000 $417 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,716/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Emerson Elementary School Rated 9+
  • Ceiling Fan

About This Home

As of July 2021

INVESTMENT OPPORTUNITY! This Triplex has 1 bedroom and 1 bathroom on the East, 1 bedrooms and 1 bathroom on the West, and then a 1 bedroom and 1 bathroom house in the back. Features throughout include new electrical, tile flooring, neutral paint, and ceiling fans. The kitchens have stainless steel appliances, a gas range with hood, maple cabinetry, a dual sink, and plenty of cabinet space. Large bedrooms, updated bathrooms, and tons of natural lighting throughout! Fenced yard space that is perfect for relaxing or letting your fur friends run! Located in the heart of Downtown Phoenix close to many local eateries, the Japanese Friendship garden, the ASU Downtown Campus, the Children's Museum of Phoenix, the Arizona Science Center, the Phoenix Suns Arena, Chase Field, and more!... (cont.) Easy access throughout the Valley via the I-10 or AZ-51. Tenants are currently below market rent, are month-to-month, and potential rent is $700-$800/month for the 1 bedroom unit and $900-$1,000/month for the 2 bedroom unit! The unit next door  716 E Portland St (MLS #6242887)  is also for sale and the owner would prefer to sell both properties together.

Last Agent to Sell the Property

Daniel Brown

My Home Group Real Estate License #SA586198000 Listed on: 05/28/2021

My Home Group Real Estate

Last Buyer's Agent

Daniel Brown

My Home Group Real Estate License #SA586198000 Listed on: 05/28/2021

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,126

Year Built

  • Built in 1930

Lot Details

  • 10,019

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 3 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Legal Lot and Block 5 / 2
  • Assessor Parcel Number 116-31-033-B

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are NA
  • Brills Addition Amd Subdivision

Building Details

  • Operating Expense $9,698
  • Gross Income $33,600
  • Net Operating Income $23,126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,126

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3360.0
  • Subdivision Name: BRILLS ADDITION AMD
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: NA
  • Additional Parcels: No
  • Parcel #: 116-31-033-B

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 33600.0
  • Insurance Expense: 944.0
  • Property Net Operating Income: 23126.0
  • Annual Operating Expense: 9698.0

Tax Info

  • Tax Annual Amount: 1126.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2021
Sold by
Urbana At Aracdia Llc
Bought by
718 Portland Llc
Current Estimated Value
$663,997

Purchase Details

Listed on
May 28, 2021
Closed on
Jun 30, 2021
Sold by
Todd Jerrold and Todd Aaron Daniel
Bought by
Urbana At Arcadia Llc
Seller's Agent
Daniel Brown
My Home Group Real Estate
Buyer's Agent
Daniel Brown
My Home Group Real Estate
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Listed on
May 28, 2021
Closed on
Jun 10, 2021
Sold by
Black Canyon Tb Llc
Bought by
Todd Jerrold and Todd Aaron Daniel
Seller's Agent
Daniel Brown
My Home Group Real Estate
Buyer's Agent
Daniel Brown
My Home Group Real Estate
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Listed on
May 28, 2021
Closed on
May 21, 2021
Sold by
Todd Jerrold
Bought by
Black Canyon Tb Llc
Seller's Agent
Daniel Brown
My Home Group Real Estate
Buyer's Agent
Daniel Brown
My Home Group Real Estate
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 17, 2011
Sold by
Rodas Jorge
Bought by
Todd Jerrold

Purchase Details

Closed on
Sep 30, 2003
Sold by
Passariello Robert
Bought by
Rodas Jorge E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,200
Interest Rate
6.22%
Mortgage Type
New Conventional
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
718 Portland Llc $688,000 American Title Svc Agcy Llc
Urbana At Arcadia Llc $500,000 Landmark Ttl Assurance Agcy
Todd Jerrold -- Landmark Ttl Assurance Agcy
Black Canyon Tb Llc -- None Available
Todd Jerrold $75,000 Title Management Agency Of A
Rodas Jorge E $159,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Urbana At Arcadia Llc $440,000
Previous Owner Rodas Jorge E $127,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $500,000 0.0% $417 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $500,000 -- $417 / 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 $1,174 $8,783 -- --
2024 $1,163 $8,365 -- --
2023 $1,163 $36,320 $7,260 $29,060
2022 $1,122 $26,210 $5,240 $20,970
2021 $1,113 $22,500 $4,500 $18,000
2020 $1,126 $18,970 $3,790 $15,180
2019 $1,124 $16,020 $3,200 $12,820
2018 $1,105 $13,110 $2,620 $10,490
2017 $1,080 $12,770 $2,550 $10,220
2016 $1,048 $9,820 $1,960 $7,860
2015 $970 $8,060 $1,610 $6,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6242888

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-31-033B