NOT LISTED FOR SALE

Estimated Value: $585,582 - $746,000

-- Bed
-- Bath
2,108 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 29, 2024

Last sale price $650,000 $308 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,679/month

1 Day on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of January 2024

Great opportunity to own an Investment Property in midtown Phoenix! Centrally located with easy access to I-10 or I-17, this property offers 3 units (two 2BR 1 BA / one 1BR 1 BA) with garage space for each unit, private courtyard with artificial turf and shared laundry. All three units are tenant occupied, AMAZING location as it is close to shopping, gyms, dining and Phoenix College.

Last Agent to Sell the Property

Jeremy Eatherton

Re/Max Fine Properties License #SA672057000 Listed on: 01/01/2024

Re/Max Fine Properties

Last Buyer's Agent

Colton Aurich

City to City Commercial License #SA681688000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,280

Year Built

  • Built in 1955

Lot Details

  • 7,100

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 110-13-134

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 131.39 x 67.27 x 120.84 x 66.05
  • North Park Central Unit 4 Subdivision

Building Details

  • Operating Expense $4,704
  • Gross Income $36,750
  • Net Operating Income $34,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,280

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: W Osborn Rd & N 7th Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2023
  • Directions: From I-10, North on 7th Avenue, left (west) on W Osborn Rd. Home will be on the right side or road.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH PARK CENTRAL UNIT 4
  • Garage Yn: Yes
  • 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: Carpet, Ceramic Tile, Concrete
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit
  • 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:Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 100.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 131.39 x 67.27 x 120.84 x 66.05
  • Additional Parcels: No
  • Parcel #: 110-13-134

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 36750.0
  • Insurance Expense: 1564.0
  • Property Net Operating Income: 34560.0
  • Annual Operating Expense: 4704.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1280.0
  • Tax Book Number: 110.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2024
Closed on
Jan 30, 2024
Sold by
Putman Faith Morgan and Putman Phillip John
Bought by
Lopez Mike
Seller's Agent
Jeremy Eatherton
Re/Max Fine Properties
Buyer's Agent
Colton Aurich
City to City Commercial
List Price
$670,000
Sold Price
$650,000
Premium/Discount to List
-$20,000
-2.99%
Views
19
Current Estimated Value
$671,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,646
Avg. Annual Appreciation
1.93%
Original Mortgage
$552,500
Outstanding Balance
$543,342
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$128,304

Purchase Details

Closed on
Apr 4, 2013
Sold by
Overgaard Corey D and Overgaard Penny Morgan
Bought by
Morgan Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,451
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Sep 21, 1998
Sold by
Miller Tracy J
Bought by
Overgaard Penny Morgan and Overgaard Corey D

Purchase Details

Closed on
Feb 6, 1997
Sold by
Ong May Wong
Bought by
Miller Tracy Jolene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,400
Interest Rate
7.62%
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
Lopez Mike $650,000 Lawyers Title Of Arizona
Morgan Bruce $76,800 Stewart Title & Trust Of Pho
Overgaard Penny Morgan -- --
Miller Tracy Jolene $53,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Mike $552,500
Previous Owner Morgan Bruce $78,451
Previous Owner Miller Tracy Jolene $42,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2024 01/29/24 Sold $650,000 -3.0% $308 / Sq Ft
01/01/2024 01/01/24 For Sale $670,000 -- $318 / 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 $1,413 $11,259 -- --
2024 $1,280 $10,722 -- --
2023 $1,280 $43,730 $8,740 $34,990
2022 $1,274 $29,460 $5,890 $23,570
2021 $1,303 $25,880 $5,170 $20,710
2020 $1,269 $21,650 $4,330 $17,320
2019 $1,212 $18,610 $3,720 $14,890
2018 $1,170 $16,260 $3,250 $13,010
2017 $1,070 $13,280 $2,650 $10,630
2016 $1,031 $11,330 $2,260 $9,070
2015 $959 $10,100 $2,020 $8,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6643856

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-13-134