NOT LISTED FOR SALE

Estimated Value: $437,626 - $613,000

-- Bed
-- Bath
1,012 Sq Ft
$479/Sq Ft Est. Value

Last Sold March 23, 2018

Last sale price $244,000 $241 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $2,638/month

22 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Floor Furnace
  • Sunnyslope High School Rated A

About This Home

As of March 2018

DRIVE BY ONLY - DO NOT DISTURB TENANTS” 100% occupied with new leases in place. This is a great cash-flowing property that is currently getting top market rents for the area. Four identical 1bed – 1ba units. All units have separate electric meters. Owner pays all utilities. All 4 units have central AC. Two AC units less than 2 years old. This is a workhorse property and is being sold “as is” Submit your highest and best offer. Buyer to verify all facts and figures and perform their own due diligence. All financials released upon an accepted offer.

Last Agent to Sell the Property

Stacie Whitfield

Flat List RE License #BR538018000 Listed on: 02/19/2018

Last Buyer's Agent

Andrew Tate

Keller Williams Arizona Realty License #BR038343000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $674

Year Built

  • Built in 1977

Lot Details

  • 7,492

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Floor Furnace
  • Heat Pump System
  • Wall Furnace

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 58
  • Assessor Parcel Number 158-34-043

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are .17 Acre
  • Foothill Acres Lots 33 48, 58 59 Subdivision

Building Details

  • Operating Expense $8,098
  • Gross Income $160,608
  • Net Operating Income $32,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$674

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: 11th Ave and Hatcher
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, R-4
  • Number Of Buildings: 2
  • Year Built: 1977
  • Tax Year: 2017
  • Directions: From Central, go West on Hatcher to 11th Ave. Continue North on 11th Ave to property.
  • Attribution Contact: azhomes@flatlist.com
  • Road Surface Type: Asphalt
  • Subdivision Name: FOOTHILL ACRES LOTS 33-48, 58-59
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Heat Pump, Electric, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 955.69
  • Trash Expense: 1992.0

Schools

  • Elementary School: Mountain View Elementary School
  • High School: Sunnyslope High School
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: .17 Acre
  • Additional Parcels: No
  • Parcel #: 158-34-043

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 4
  • Electric Expense: 3588.0
  • Annual Gross Income: 160608.0
  • Insurance Expense: 888.0
  • Property Net Operating Income: 32728.31
  • Annual Operating Expense: 8097.93
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 674.24
  • Tax Book Number: 158.00
  • Tax Lot: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
Mar 21, 2018
Sold by
Voykin Theresa M and Voykin Daniel N
Bought by
Dlmj Prioperties Llc
Seller's Agent
Stacie Whitfield
Flat List RE
Buyer's Agent
Andrew Tate
Keller Williams Arizona Realty
List Price
$239,000
Sold Price
$244,000
Premium/Discount to List
$5,000
2.09%
Total Days on Market
22
Current Estimated Value
$485,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,157
Avg. Annual Appreciation
9.97%

Purchase Details

Listed on
Aug 5, 2014
Closed on
Nov 3, 2014
Sold by
Azak 1 Llc
Bought by
Voykin Theresa M and Voykin Daniel N
Seller's Agent
Laura Mason
Realty ONE Group
Buyer's Agent
Dara Wieser
HomeSmart
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.10%
Original Mortgage
$103,125
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2011
Sold by
Jones Grant
Bought by
Azak 1 Llc

Purchase Details

Closed on
Feb 23, 2011
Sold by
Salow Gary E
Bought by
Jones Grant

Purchase Details

Closed on
Feb 14, 2011
Sold by
Salow Lavonne G
Bought by
Salow Gary E
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

Date Buyer Sale Price Title Company
Dlmj Prioperties Llc $244,000 Security Title Agency Inc
Voykin Theresa M $137,500 Pioneer Title Agency Inc
Azak 1 Llc -- None Available
Jones Grant $63,000 Greystone Title Agency
Salow Gary E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Voykin Theresa M $103,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2018 03/23/18 Sold $244,000 +2.1% $241 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $239,000 0.0% $236 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/20/2018 02/20/18 For Sale $239,000 0.0% $236 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $239,000 +70.7% $236 / Sq Ft
11/21/2014 11/21/14 Sold $140,000 -6.7% $138 / Sq Ft
10/10/2014 10/10/14 Pending -- -- --
08/05/2014 08/05/14 For Sale $150,000 -- $148 / 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 $756 $6,179 -- --
2024 $742 $5,885 -- --
2023 $742 $32,550 $6,510 $26,040
2022 $718 $22,910 $4,580 $18,330
2021 $727 $19,400 $3,880 $15,520
2020 $709 $17,270 $3,450 $13,820
2019 $696 $14,080 $2,810 $11,270
2018 $678 $10,810 $2,160 $8,650
2017 $674 $10,180 $2,030 $8,150
2016 $662 $9,460 $1,890 $7,570
2015 $613 $7,750 $1,550 $6,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5725488

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-34-043