NOT LISTED FOR SALE

Estimated Value: $1,323,543

-- Bed
4 Baths
880 Sq Ft
$1,504/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $632,500 $719 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $7,414/month

22 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • 2-minute walk to Palma Park
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of January 2024

5 unit property in great location. Great opportunity to add value. All month to month leases. Cash flowing property with lots of potential in a great location. Property for sale as a 5 unit or as a 10 unit including property adjacent. Do not disturb tenants.

Last Agent to Sell the Property

Edson Salas

ES Realty License #BR578194000 Listed on: 12/14/2023

Last Buyer's Agent

Hudson Robison

The Firm RE License #BR692045000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,366

Year Built

  • Built in 1945

Lot Details

  • 6,273

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Schools

  • Desert View Elementary School
  • Royal Palm Middle School
  • Sunnyslope Elementary High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 20 / D
  • Assessor Parcel Number 160-50-087

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 100x125
  • Sunnyslope Subdivision

Building Details

  • Operating Expense $11,259
  • Net Operating Income $76,653

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,366

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Central and Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2023
  • Directions: East from Central on Dunlap. South on 3rd St
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: SUNNYSLOPE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 327.0
  • Annual Water Sewer Expense: 6674.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope Elementary School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: 100x125
  • Additional Parcels: No
  • Parcel #: 160-50-087

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 5
  • Electric Expense: 1082.0
  • Insurance Expense: 1210.0
  • Property Net Operating Income: 76653.0
  • Annual Operating Expense: 11258.86
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1365.86
  • Tax Block: D
  • Tax Book Number: 160.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2023
Closed on
Mar 6, 2024
Sold by
Kong Ricky
Bought by
Kaz 2410 Llc
Seller's Agent
Edson Salas
ES Realty
Buyer's Agent
Hudson Robison
The Firm RE
List Price
$700,000
Sold Price
$632,500
Premium/Discount to List
-$67,500
-9.64%
Total Days on Market
22
Views
20
Current Estimated Value
$1,323,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$691,043
Avg. Annual Appreciation
71.42%
Original Mortgage
$600,000
Outstanding Balance
$441,828
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$881,715

Purchase Details

Listed on
Dec 14, 2023
Closed on
Jan 26, 2024
Sold by
Patino Enterprises Llc
Bought by
Kong Ricky
Seller's Agent
Edson Salas
ES Realty
Buyer's Agent
Hudson Robison
The Firm RE
List Price
$700,000
Sold Price
$632,500
Premium/Discount to List
-$67,500
-9.64%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$441,828
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$881,715

Purchase Details

Listed on
Jul 17, 2016
Closed on
Dec 16, 2016
Sold by
Strohfus Daniel J and Strohfus Shiqun
Bought by
Patino Manuel Richard
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Donna Quackenbush
HomeSmart
List Price
$299,000
Sold Price
$286,000
Premium/Discount to List
-$13,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.88%
Original Mortgage
$107,250
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 2004
Sold by
Starbird Herman Daniel and Starbird Herman Sylvia
Bought by
Strohfus Daniel J and Stohfus Shiqun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2002
Sold by
Parry Paul D
Bought by
Starbird Herman Daniel and Starbird Herman Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,506
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
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
Kaz 2410 Llc -- --
Kong Ricky $1,265,000 Empire Title Agency
Patino Manuel Richard $149,500 Chicago Title Agency Inc
Strohfus Daniel J $190,000 Capital Title Agency Inc
Strohfus Daniel J $190,000 Capital Title Agency Inc
Starbird Herman Daniel $275,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kong Ricky $600,000
Previous Owner Patino Enterprises Llc $100,000
Previous Owner Patino Manuel Richard $107,250
Previous Owner Strohfus Daniel J $142,500
Previous Owner Starbird Herman Daniel $190,506
Closed Strohfus Daniel J $28,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $632,500 -9.6% $719 / Sq Ft
12/14/2023 12/14/23 For Sale $700,000 +144.8% $795 / Sq Ft
12/31/2016 12/31/16 Sold $286,000 -4.3% $325 / Sq Ft
07/17/2016 07/17/16 For Sale $299,000 -- $340 / 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 $153 $1,253 $1,253 --
2024 $150 $1,193 $1,193 --
2023 $150 $5,680 $5,680 $0
2022 $145 $3,870 $3,870 $0
2021 $147 $3,140 $3,140 $0
2020 $144 $2,700 $2,700 $0
2019 $141 $2,450 $2,450 $0
2018 $137 $1,850 $1,850 $0
2017 $137 $1,530 $1,530 $0
2016 $134 $1,370 $1,370 $0
2015 $124 $1,210 $1,210 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6640430

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-50-087