$699,000

Estimated payment $3,957/month

Total Views 3,313
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

This is a fantastic opportunity in booming downtown phx to purchase a fully remodeled 4-plex with tenants in place currently generating a gross monthly income of $3700. AlSO - VA assumable loan low 5.5% Interest rate (Anyone can assume if qualified $4000/mo payment). 3 of the units are currently rented & the fourth unit was being used by the owner & is available to rent out fully furnished for additional income. Fourplex units ALL have washers and dryers in unit along with private fenced backyards. Ceramic tile floors and Dual Pane windows. Buyer to verify ALL facts and figures. Washer and Dryer in each unit Individually metered for Electric - Owner pays for water. Each tenant is assigned 1 parking space & 1 unit has a covered carport. Three (3) 1 bed/1 bath units and One (1) 2/1 unit.

Listing Agent

Christopher Vlad

HomeSmart Realty License #SA653373000

HomeSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $662

Year Built

  • Built in 1953

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • On-Street Parking

Schools

  • William R Sullivan Elementary School
  • Carl Hayden High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for gas, trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 109-38-002

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 69 x 113
  • Wormsers Addition Block 1 Subdivision

Building Details

  • Operating Expense $662
  • Gross Income $47,500
  • Net Operating Income $47,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$662

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 33rd Avenue and 10 Freeway
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2024
  • Directions: Turn south on 33rd avenue and property is on the West side of the street
  • Road Surface Type: Asphalt
  • Subdivision Name: WORMSERS ADDITION BLOCK 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Window/Wall Unit, Electric, Individual, Central A/C, 2 or More Units
  • Heating: Individual, Central, Heat Pump, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Partially Furnished: Yes

Schools

  • Elementary School: William R Sullivan Elementary School
  • High School: Carl Hayden High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: William R Sullivan Elementary School

Lot Info

  • Lot Size: 69 x 113
  • Additional Parcels: No
  • Parcel #: 109-38-002

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 47500.0
  • Property Net Operating Income: 47500.0
  • Annual Operating Expense: 662.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 662.0
  • Tax Book Number: 109.00
  • Tax Lot: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $662 $5,246 -- --
2024 $630 $4,997 -- --
2023 $630 $27,060 $5,410 $21,650
2022 $604 $17,860 $3,570 $14,290
2021 $639 $15,960 $3,190 $12,770
2020 $618 $13,780 $2,750 $11,030
2019 $611 $11,980 $2,390 $9,590
2018 $599 $9,730 $1,940 $7,790
2017 $576 $8,860 $1,770 $7,090
2016 $584 $6,230 $1,240 $4,990
2015 $544 $5,450 $1,090 $4,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2025 02/26/25 For Sale $699,000 +7.5% --
08/15/2023 08/15/23 Sold $650,000 0.0% $677 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
04/22/2023 04/22/23 Off Market $650,000 -- --
03/07/2023 03/07/23 Price Changed $665,000 -1.5% $693 / Sq Ft
03/03/2023 03/03/23 For Sale $675,000 0.0% $703 / Sq Ft
02/26/2023 02/26/23 Pending -- -- --
09/10/2022 09/10/22 Price Changed $675,000 -6.9% $703 / Sq Ft
08/15/2022 08/15/22 Price Changed $725,000 -3.3% $755 / Sq Ft
04/29/2022 04/29/22 Price Changed $750,000 -6.3% $781 / Sq Ft
02/25/2022 02/25/22 For Sale $800,000 +79.8% $833 / Sq Ft
02/26/2021 02/26/21 Sold $445,000 -1.1% $464 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $450,000 +164.7% $469 / Sq Ft
08/31/2017 08/31/17 Sold $170,000 -5.5% $177 / Sq Ft
07/10/2017 07/10/17 For Sale $179,900 -- $187 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $650,000 Empire Title Agency
Warranty Deed $445,000 Empire West Title Agency Llc
Warranty Deed $250,000 Dhi Title Agency
Warranty Deed $170,000 Chicago Title Agency Inc
Warranty Deed $60,000 Capital Title Agency Inc
Joint Tenancy Deed $32,500 United Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $663,975 VA
Previous Owner $333,750 New Conventional
Previous Owner $280,000 Commercial
Previous Owner $124,500 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $84,500 Unknown
Previous Owner $48,000 New Conventional
Previous Owner $27,500 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6826920

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-38-002