Seller's Agent in 2017
Justin Cook
RE/MAX
(602) 405-2665
1 in this area
183 Total Sales
822 N 40th Ave Unit FRNT Phoenix, AZ 85009
Estrella Village NeighborhoodEstimated Value: $350,000 - $918,000
1
Bed
9
Baths
--
Sq Ft
1982
Built
Highlights
- Cooling Available
- Community Playground
- Ceramic Tile Flooring
- Phoenix Coding Academy Rated A
About This Home
As of August 2017Great Cash Cow Investment Property! Over 11.50% CAP RATE! Property has two homes in the front on 40th AVE and in the back there is a duplex, triplex and one other detached home. There is also a very large parking lot and play area including a basketball court! Off of 41st AVE there is a very large lot currently being leased to a tow truck company. Property produces a lot of rent with very little hassle. All 9 units are part of a 3 property parcel. So you must purchase all 3 together. All tenants have been long term tenants and there is rarely ever any vacancies. All three lots together equal to a 79,190 SF (1.8 acres). Great cash flow! Over 11.50% CAP Rate!
Last Agent to Sell the Property
RE/MAX Fine Properties License #BR520620000 Listed on: 01/18/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,808
Year Built
- Built in 1982
Lot Details
- Dirt Road
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 20 Parking Spaces
- Carport
- Parking Available
- Free Parking
- Paved Parking
- On-Street Parking
- 18 Open Parking Spaces
Schools
- Isaac E IMES Elementary School
- Isaac Middle School
- Carl Hayden High School
Utilities
- Cooling Available
- Air Source Heat Pump
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, sewer, trash collection
- Assessor Parcel Number 106-04-025-A
Community Details
Overview
- 6 Buildings
- 9 Units
- Building Dimensions are 130 x 601
- To Be Provided In Escrow Subdivision
Recreation
- Community Playground
Building Details
- Operating Expense $18,188
- Gross Income $81,660
- Net Operating Income $63,472
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
Closed on
May 4, 2026
Sold by
Bought by
Current Estimated Value
Purchase Details
Closed on
Jul 24, 2018
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
$1,000,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 18, 2017
Closed on
Aug 17, 2017
Sold by
Bought by
Seller's Agent
Justin Cook
RE/MAX Fine Properties
Buyer's Agent
Ian Chait
Barrett Real Estate
List Price
$549,900
Sold Price
$617,000
Premium/Discount to List
$67,100
12.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.06%
Purchase Details
Closed on
Feb 12, 2008
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
$495,000
Interest Rate
6.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 16, 1996
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Accommodation/Courtesy Recordi | ||
| $560,000 | Dhi Title Agency | ||
| $617,000 | Jetclosing Inc | ||
| $457,000 | Westland Title Agency Of Az | ||
| -- | -- |
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 |
|---|---|---|---|
| Previous Owner | $1,000,000 | ||
| Previous Owner | $495,000 |
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 |
|---|---|---|---|---|
| 08/31/2017 08/31/17 | Sold | $617,000 | +12.2% | -- |
| 01/18/2017 01/18/17 | For Sale | $549,900 | -- | -- |
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 | $1,865 | $11,482 | -- | -- |
| 2024 | $1,834 | $10,935 | -- | -- |
| 2023 | $1,834 | $27,730 | $5,540 | $22,190 |
| 2022 | $1,750 | $20,410 | $4,080 | $16,330 |
| 2021 | $1,744 | $15,980 | $3,190 | $12,790 |
| 2020 | $1,712 | $14,900 | $2,980 | $11,920 |
| 2019 | $1,682 | $11,900 | $2,380 | $9,520 |
| 2018 | $817 | $7,850 | $1,570 | $6,280 |
| 2017 | $812 | $6,630 | $1,320 | $5,310 |
| 2016 | $940 | $6,710 | $1,340 | $5,370 |
| 2015 | $575 | $5,370 | $1,070 | $4,300 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Cook
-
Aimee Lunt
Seller Co-Listing Agent in 2017
Aimee Lunt
RE/MAX
(480) 228-0320
111 Total Sales
-
Ian Chait
Buyer's Agent in 2017
Ian Chait
Barrett Real Estate
(602) 430-5572
22 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5548568
APN: 106-04-025A
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.
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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