NOT LISTED FOR SALE

Estimated Value: $312,000 - $499,649

Studio
8 Baths
400 Sq Ft
$1,022/Sq Ft Est. Value

Sale Details

Date Sold: July 23, 2020

Last sale price $728,000 $1,820 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $2,289 / mo

102 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • 3-minute walk to Ninos Mini Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of July 2020

Strong Cash Flow; Warehouse District Cottages is a totally renovated 8-Unit, one bedroom/one bath apartment community. A full interior and exterior renovation was done with nearly everything replaced. This includes water lines, electrical, plumbing, gating to create private enclosed back patios and well as enhancing landscaping for curbside appeal. New Roof, new dual pane windows, new front doors, new appliances, counter tops and cabinets. Bathrooms were also redone and Rheem tankless water heaters were installed. Units are single level with block construction. The property is 100% leased with a waiting list through ABC Housing. Washer and Dryer on Site. Located in the up and coming Downtown Warehouse District, just two blocks from the new Class A, Alta Warehouse District Apartments

Last Agent to Sell the Property

Linda Fritz-Salazar

Orion Investment Real Estate License #BR027012000 Listed on: 02/24/2020

Last Buyer's Agent

Orlando Enriquez

Strato Homes License #BR632973000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $478

Year Built

  • Built in 1967

Lot Details

  • 7,492

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 19
  • Assessor Parcel Number 112-15-001

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are 150 X 146
  • Irvine Add 17 18, 23 26 Subdivision

Building Details

  • Operating Expense $19,576
  • Gross Income $90,216
  • Net Operating Income $56,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$478

Year Built

Built in 1967

Lot Details

7,492 Sq Ft Lot

Listing Details

  • Cross Street: 11th Avenue and West Sherman Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Year Built: 1967
  • Tax Year: 2019
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 5359.0
  • Subdivision Name: IRVINE ADD 17-18, 23-26
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1320.0
  • Annual Water Sewer Expense: 2700.0

Lot Info

  • Lot Size: 150 X 146
  • Additional Parcels: No
  • Parcel #: 112-15-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 8
  • Electric Expense: 720.0
  • Annual Gross Income: 90215.8
  • Insurance Expense: 1900.0
  • Maintenance Expense: 4466.0
  • Property Net Operating Income: 56524.0
  • Annual Operating Expense: 19576.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 478.0
  • Tax Block: 19
  • Tax Book Number: 112.00
  • Tax Lot: 1

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
Feb 24, 2020
Closed on
Jul 17, 2020
Sold by
Bought by
Seller's Agent
Linda Fritz-Salazar
Orion Investment Real Estate
Buyer's Agent
Orlando Enriquez
Strato Homes
List Price
$795,000
Sold Price
$728,000
Premium/Discount to List
-$67,000
-8.43%
Current Estimated Value
$408,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$319,117
Avg. Annual Appreciation
-9.11%
Original Mortgage
$548,000
Interest Rate
0.032%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 3, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
0.0608%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
0.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
0.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2001
Sold by
Bought by

Purchase Details

Closed on
May 15, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,350
Interest Rate
0.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 1996
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
$728,000 Security Title Agency Inc
$25,000 Old Republic Title Agency
-- Lawyers Title Company
$162,316 Lawyers Title Company
-- None Available
$149,900 --
-- --
$155,000 Security Title Agency
$73,750 Transnation Title Insurance
$24,000 Ati Title Agency
$24,000 Ati Title Agency
-- First Southwestern Title
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
Open $548,000
Previous Owner $265,000
Previous Owner $77,250
Previous Owner $143,500
Previous Owner $119,900
Previous Owner $66,350
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
07/23/2020 07/23/20 Sold $728,000 -8.4% $1,820 / Sq Ft
07/21/2020 07/21/20 For Sale $795,000 0.0% $1,988 / Sq Ft
07/21/2020 07/21/20 Price Changed $795,000 0.0% $1,988 / Sq Ft
04/03/2020 04/03/20 Price Changed $795,000 -2.5% $1,988 / Sq Ft
03/17/2020 03/17/20 Price Changed $815,000 -4.1% $2,038 / Sq Ft
02/24/2020 02/24/20 For Sale $850,000 -- $2,125 / 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 $531 $3,737
2024 $495 $3,559
2023 $495 $18,800 $4,120 $14,680
2022 $477 $13,960 $3,060 $10,900
2021 $474 $9,630 $1,920 $7,710
2020 $479 $7,910 $1,580 $6,330
2019 $478 $7,280 $1,450 $5,830
2018 $0 $5,520 $1,100 $4,420
2017 $459 $4,930 $980 $3,950
2016 $446 $3,980 $790 $3,190
2015 $413 $4,060 $810 $3,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6041258

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-15-001

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