NOT LISTED FOR SALE
1 Bed
1 Bath
720 Sq Ft
1991 Built

Sale Details

Date Sold: July 26, 2021

Last sale price $870,000 $1,208 Per Sq Ft

90 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Desert Landscape
  • Sunnyslope High School Rated A
  • Fenced
  • Heating Available

About This Home

As of July 2021

Welcome to Mountain Vista Six an investment Opportunity in the North Central corridor of Phoenix. Six clean units in 1991 construction- three of the six are fully renovated and achieving great rents, 100% occupancy. All units have in-suite laundry, private patios, and plenty of off street parking. Current proforma is 5.54% cap on market rents of $1,000 each. Current rents average $888 currently. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants.
NEW construction townhomes starting at $625,000 each down the street at 9721 N 5th st driving up neighborhood desirability.

Last Agent to Sell the Property

Sophia Willets

Grace CRE License #BR648866000 Listed on: 02/07/2021

Last Buyer's Agent

Michael Gordon

Get Multifamily License #BR688636000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,077

Year Built

  • Built in 1991

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Blinds
  • Ceramic Tile Flooring

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Legal Lot and Block 1 / F
  • Assessor Parcel Number 159-45-062

Community Details

Overview

  • 6 Units
  • Building Dimensions are 13536
  • Tengen Place Addition Subdivision

Building Details

  • Operating Expense $19,595
  • Gross Income $68,400
  • Net Operating Income $48,164

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,077

Year Built

Built in 1991

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 5th St and E Purdue Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1991
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4827.0
  • Subdivision Name: TENGEN PLACE ADDITION
  • Const - Finish:Const - Finish: Stucco
  • Cooling:Cooling: Central Air
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter, SRP
  • 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, Washer/Dryer
  • Interior Features:Interior Features: Unfurnished, Mini Blinds

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Block, Stucco
  • Roof: Built-Up
  • Exterior Amenities: Desert Landscaping, Fenced

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • Parking Features:Parking Features: Paved, >1 Space Per Unit

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 3530.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 13536
  • Additional Parcels: No
  • Parcel #: 159-45-062

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 68400.0
  • Insurance Expense: 1961.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 48164.0
  • Annual Operating Expense: 19595.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1077.0
  • Tax Block: F
  • Tax Lot: 1

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
$870,000 Old Republic Title Agency
Medina Nicholas -- None Available
Ares Group Llc -- None Available
Medina Nicolas $525,000 Pioneer Title Agency Inc
Rickdee Investments Llc $411,000 American Title Service Agenc
Lili Rubin Investment Properties L L C $340,000 American Title Service Agenc
Jola Properties Llc -- --
Flaaten Jan Olav $265,000 Capital Title Agency Inc
Crane Barbara $127,000 Nations Title Insurance
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 $609,000
Previous Owner Medina Nicolas $367,500
Previous Owner Rickdee Investments Llc $310,000
Previous Owner Lili Rubin Investment Properties L L C $300,000
Previous Owner Jola Properties Llc $308,000
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
07/26/2021 07/26/21 Sold $870,000 0.0% $1,208 / Sq Ft
04/27/2021 04/27/21 For Sale $870,000 0.0% $1,208 / Sq Ft
02/22/2021 02/22/21 Off Market $870,000 -- --
02/07/2021 02/07/21 For Sale $870,000 +65.7% $1,208 / Sq Ft
07/15/2019 07/15/19 Sold $525,000 +1.0% $729 / Sq Ft View Prior Sale
05/31/2019 05/31/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $520,000 0.0% $722 / Sq Ft
05/10/2019 05/10/19 Pending -- -- --
03/15/2019 03/15/19 Price Changed $520,000 -1.0% $722 / Sq Ft
02/18/2019 02/18/19 For Sale $525,000 -- $729 / 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 $1,193 $9,390
2024 $1,128 $8,943
2023 $1,128 $61,400 $12,280 $49,120
2022 $1,091 $40,670 $8,130 $32,540
2021 $1,105 $32,510 $6,500 $26,010
2020 $1,077 $27,400 $5,480 $21,920
2019 $1,058 $19,020 $3,800 $15,220
2018 $1,030 $15,170 $3,030 $12,140
2017 $1,025 $15,160 $3,030 $12,130
2016 $1,006 $14,900 $2,980 $11,920
2015 $932 $11,630 $2,320 $9,310
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6195819

Arizona Regional Multiple Listing Service (ARMLS)
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