NOT LISTED FOR SALE

721 E Monroe St Globe, AZ 85501

14 Beds
6 Baths
-- Sq Ft
1974 Built

Last Sold January 31, 2023

Last sale price $295,000

14 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Ceiling Fan

About This Home

As of January 2023

This wonderful apartment building in central Globe, AZ is fully tenanted. There are 5 units: 4 - 1 bedroom 1 bath and 1 - 2 bedroom 1 bath. Rents are currently below market value with unit 1 at $500, unit 2 at $500, unit 3 at $500, unit 4 $625, and unit 5 (the two bedroom) at $650. There is a coin operated washing machine and dryer.

Professionally managed by Service First Realty! 100% occupied! **DO NOT DISTURB TENANTS; DRIVE-BY ONLY unless scheduled with Debbie Cox at Service First Realty*. All units are rented so please allow at least a week for a walkthrough to notify tenants. Please call or text me with any questions. Owner statement and maintenance history from 2020 to now is available.

Last Agent to Sell the Property

Erin Rosenau

Keller Williams Realty East Valley License #SA696719000 Listed on: 12/13/2022

Keller Williams Realty East Valley

Last Buyer's Agent

Erin Rosenau

K & J Real Estate, LLC License #SA696719000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,262

Year Built

  • Built in 1974

Home Design

  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, trash collection, water
  • Legal Lot and Block 3 / 1
  • Assessor Parcel Number 208-05-039-A

Community Details

Overview

  • 5 Units
  • Building Dimensions are 5,663 sq ft
  • East Globe Map Unit 1 Subdivision

Building Details

  • Operating Expense $2,262
  • Gross Income $33,900
  • Net Operating Income $31,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,262

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Monroe St and 7th ave
  • Legal Info Range: 15E
  • Property Type: Multiple Dwellings
  • Zoning: 04-02
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST GLOBE MAP UNIT 1
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Street Parking
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), 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:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 5,663 sq ft
  • Additional Parcels: No
  • Parcel #: 208-05-039-A

Multi Family

  • Owner Pays: Gas, Trash Collection, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 5
  • Annual Gross Income: 33900.0
  • Property Net Operating Income: 31000.0
  • Annual Operating Expense: 2262.0

Tax Info

  • Tax Annual Amount: 2262.0
  • Tax Block: 1
  • Tax Book Number: 208.00
  • Tax Lot: 3
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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
01/31/2023 01/31/23 Sold $295,000 -7.8% --
12/31/2022 12/31/22 For Sale $320,000 0.0% --
12/31/2022 12/31/22 Price Changed $320,000 0.0% --
12/27/2022 12/27/22 Pending -- -- --
12/13/2022 12/13/22 For Sale $320,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,333 -- -- --
2024 $2,170 $36,303 $785 $35,518
2023 $2,170 $39,143 $952 $38,191
2022 $2,128 $28,658 $952 $27,706
2021 $2,262 $19,106 $635 $18,471
2020 $2,117 $0 $0 $0
2019 $2,087 $0 $0 $0
2018 $2,444 $0 $0 $0
2017 $2,435 $0 $0 $0
2016 $2,175 $0 $0 $0
2015 $2,257 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Erin Rosenau

    Seller's Agent in 2023

    Erin Rosenau

    Keller Williams Realty East Valley

    (480) 465-2171

    6 in this area

    16 Total Sales

    Erin Rosenau
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6498300

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Gila County Globe 85501

721 E Monroe St, Globe, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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