NOT LISTED FOR SALE
2 Beds
2 Baths
5,873 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: February 13, 2017

Last sale price $651,000 $111 Per Sq Ft

135 Days on Market

Highlights

  • Heat Pump System
  • Sunnyslope High School Rated A
  • 3-minute walk to Norton Park

About This Home

As of February 2017

Solid 7-unit property in a great North Central location. 6 2 bed/1.5 bath, 2-story townhome style units with backyard/patio. A 2 bed/1bath SFR with a large front yard, great for owner or management. Property has been repositioned over the last 2 years with new exterior & interior paint. New flooring and interior updating. Easy access to Downtown Phx, Central & Camelback corridor. Convenient to hiking, restaurants, and public transportation. Coin operated laundry for additional income and tenant convenience. Strong tenant interest in the surrounding area evident from the increasing rental markets and the new construction. Great opportunity with this low maintenance property.

Last Agent to Sell the Property

Dave Fernandez

DeLex Realty License #BR043628000 Listed on: 08/15/2016

DeLex Realty

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,154

Year Built

  • Built in 1987

Lot Details

  • 0.31

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 159-34-153

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 13,721

Building Details

  • Operating Expense $16,362
  • Gross Income $70,472
  • Net Operating Income $49,038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,154

Year Built

Built in 1987

Lot Details

0.31 Acres

Listing Details

  • Cross Street: HATCHER & 12TH ST
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1987
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4620.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • 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

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 13,721
  • Additional Parcels: No
  • Parcel #: 159-34-153

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Electric Expense: 3300.0
  • Annual Gross Income: 70471.8
  • Insurance Expense: 2160.0
  • Maintenance Expense: 4128.0
  • Property Net Operating Income: 49038.0
  • Annual Operating Expense: 16362.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 2154.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

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
Aug 15, 2016
Closed on
Feb 7, 2017
Sold by
Surani Sohel and Surani Mihir
Bought by
Seller's Agent
Dave Fernandez
DeLex Realty
Buyer's Agent
Jeff Seaman
CBRE, Inc
List Price
$630,000
Sold Price
$651,000
Premium/Discount to List
$21,000
3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
4.95%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 23, 2014
Closed on
Aug 18, 2014
Sold by
Ludwig Beate
Bought by
Surani Sohel and Surani Mihir
Seller's Agent
Lindsay Baker
Evolution Real Estate, LLC
Buyer's Agent
Dave Fernandez
DeLex Realty
List Price
$315,000
Sold Price
$292,000
Premium/Discount to List
-$23,000
-7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.35%
Original Mortgage
$219,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2012
Sold by
Jdavis & Co Llc
Bought by
Ludwing Beate

Purchase Details

Closed on
Oct 13, 2011
Sold by
Nguyen Frank and Ly Phuoc V
Bought by
J Davis & Co Llc

Purchase Details

Closed on
Feb 18, 2011
Sold by
Nguyen Frank and Ly Phuoc V
Bought by
Ly Phuoc V and Nguyen Thu Minh

Purchase Details

Closed on
Nov 16, 2005
Sold by
North 12Th Street Llc
Bought by
Nguyen Frank and Ly Phuoc V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2004
Sold by
Reust Allan K and Reust Susanna K
Bought by
North 12Th Street Llc

Purchase Details

Closed on
Nov 18, 2003
Sold by
Malek Michael and Malek Marlein
Bought by
Reust Allan K and Reust Susanna K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2000
Sold by
Boyce Russell S
Bought by
Malek Michael and Malek Marlein

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.87%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$651,000 American Title Svc Agency Ll
Surani Sohel $292,000 Old Republic Title Agency
Ludwing Beate -- None Available
J Davis & Co Llc $234,000 None Available
Ly Phuoc V -- Accommodation
Nguyen Frank $510,000 Transnation Title
North 12Th Street Llc -- Capital Title Agency Inc
Reust Allan K $340,000 Capital Title Agency Inc
Malek Michael $240,000 Security Title Agency
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 $100,000
Closed Cinti Llc $424,000
Previous Owner Surani Sohel $219,000
Previous Owner Nguyen Frank $355,000
Previous Owner North 12Th Street Llc $360,000
Previous Owner Reust Allan K $272,000
Previous Owner Malek Michael $190,000
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 Prior Sale
02/13/2017 02/13/17 Sold $651,000 +3.3% $111 / Sq Ft
12/28/2016 12/28/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $630,000 0.0% $107 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $630,000 +115.8% $107 / Sq Ft
08/26/2014 08/26/14 Sold $292,000 -7.3% $50 / Sq Ft View Prior Sale
06/30/2014 06/30/14 Pending -- -- --
02/22/2014 02/22/14 For Sale $315,000 -- $54 / 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 $2,758 $21,704
2024 $2,606 $20,671
2023 $2,606 $90,950 $18,190 $72,760
2022 $2,521 $63,230 $12,640 $50,590
2021 $2,554 $51,950 $10,390 $41,560
2020 $2,490 $46,120 $9,220 $36,900
2019 $2,445 $40,670 $8,130 $32,540
2018 $2,381 $34,380 $6,870 $27,510
2017 $2,368 $26,370 $5,270 $21,100
2016 $2,325 $25,230 $5,040 $20,190
2015 $2,154 $21,110 $4,220 $16,890
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5484325

Arizona Regional Multiple Listing Service (ARMLS)
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