NOT LISTED FOR SALE

Estimated Value: $535,000 - $861,000

Studio
-- Bath
2,108 Sq Ft
$316/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2024

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

Est. 3% increase in value since last sale

Current estimated payment $3,754 / mo

1 Day on Market

Highlights

  • Cooling Available
  • Patio
  • Outdoor Storage
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • 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

  • Fenced

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vertical Blinds
  • Ceramic Tile Flooring

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 3 Car Garage
  • Parking Available

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer, trash collection, 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 Sq Ft Lot

Listing Details

  • Cross Street: W Osborn Rd & N 7th Avenue
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH PARK CENTRAL UNIT 4
  • Garage Yn: Yes
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Electric, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS, Individual Meter
  • Special:Special: Estate Sale
  • Sale Includes:Sale Includes: Land & Building, Laundry Equipment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Washer/Dryer
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Mini Blinds, Vertical Blinds

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Brick, Painted
  • Roof: Composition
  • Exterior Amenities: Fenced, Patio/Balcony, Separate Storage, Security Light(s)

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • Parking Features:Parking Features: Garage, 1 Space/Unit

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

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: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas
  • 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: 110.0
  • Tax Lot: 4

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
Jan 1, 2024
Closed on
Jan 30, 2024
Sold by
Bought by
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
$666,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,713
Avg. Annual Appreciation
1.02%
Original Mortgage
$552,500
Outstanding Balance
$538,103
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$128,610

Purchase Details

Closed on
Apr 4, 2013
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
$78,451
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Sep 21, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 6, 1997
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
$650,000 Lawyers Title Of Arizona
$76,800 Stewart Title & Trust Of Pho
-- --
$53,000 Lawyers Title Insurance Corp
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 $552,500
Previous Owner $78,451
Previous Owner $129,200
Previous Owner $53,050
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
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

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 $1,462 $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

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