UNDER CONTRACT
$170K PRICE DROP
1404 E Mountain View Rd Phoenix, AZ 85020
North Central NeighborhoodEstimated payment $4,710/month
Total Views
1,612
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Ceramic Tile Flooring
- 5-minute walk to Sunnyslope Rock Garden
- Sunnyslope High School Rated A
- Heating Available
About This Home
5 - unit apartment complex. The property features a shared courtyard and offers a unit mix of 3 one-bedroom, one-bathroom units and 2 two-bedroom, one-bathroom units, each thoughtfully designed with in-unit washer/dryers for added convenience. There is strong value add potential, with opportunities to increase rents and fully stabilize the property. ALL five units were renovated in 2018 and 2019, providing modern upgrades that include new kitchens, bathrooms, windows, doors, roofing, AC Units, sewer lines, and asphalt.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,254
Year Built
- Built in 1980
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Schools
- Sunnyslope High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 42
- Assessor Parcel Number 159-29-018
Community Details
Overview
- 2 Buildings
- 5 Units
- Building Dimensions are 0
- Mountain Home Tract Lots 17 Thru 24 41 Thru 48 Subdivision
Building Details
- Operating Expense $12,254
- Gross Income $64,602
- Net Operating Income $54,346
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,254 | $10,249 | -- | -- |
| 2024 | $1,231 | $9,761 | -- | -- |
| 2023 | $1,231 | $51,250 | $10,250 | $41,000 |
| 2022 | $1,191 | $36,460 | $7,290 | $29,170 |
| 2021 | $1,206 | $30,520 | $6,100 | $24,420 |
| 2020 | $1,145 | $27,260 | $5,450 | $21,810 |
| 2019 | $1,124 | $23,380 | $4,670 | $18,710 |
| 2018 | $1,094 | $19,760 | $3,950 | $15,810 |
| 2017 | $1,089 | $18,100 | $3,620 | $14,480 |
| 2016 | $1,070 | $16,230 | $3,240 | $12,990 |
| 2015 | $991 | $15,010 | $3,000 | $12,010 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2025 02/10/25 | Price Changed | $825,000 | -17.1% | -- |
| 01/17/2025 01/17/25 | For Sale | $995,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $615,000 | Wfg National Title Ins Co | |
| Special Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Guaranty Title Agency | |
| Cash Sale Deed | $70,000 | Guaranty Title Agency | |
| Trustee Deed | $93,000 | Accommodation | |
| Warranty Deed | $165,900 | Transnation Title Insurance | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $390,000 | Unknown | |
| Closed | $497,200 | Commercial | |
| Previous Owner | $276,000 | Negative Amortization | |
| Previous Owner | $188,000 | Commercial | |
| Previous Owner | $163,336 | Seller Take Back | |
| Previous Owner | $56,500 | Commercial |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6805518
APN: 159-29-018
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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