NOT LISTED FOR SALE

Estimated Value: $447,987

-- Bed
-- Bath
2,024 Sq Ft
$221/Sq Ft Est. Value

Last Sold November 25, 2024

Last sale price $425,000 $210 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,614/month

70 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

A great opportunity for an investor to buy 7-unit complex, comprising of 6-studios and 1 2br/1bath unit. Don't miss this chance to invest in a promising location with significant upside potential. Located with easy access to I-10, I-17, and Loop 202, it ensures quick commutes to key areas. Situated west of downtown Phoenix, it's just minutes from Phoenix Sky Harbor Airport. The property has deferred maintenance and needs a full remodel but a great value at this list price. Hurry won't last! To help visualize this home's floorplan and to highlight its potential, virtually renovated photos may have been added to this listing.

Last Listed By

Joseph Mahoney

JM Realty License #BR561411000 Listed on: 09/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,325

Year Built

  • Built in 1956

Lot Details

  • 7,710

Home Design

  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 108-24-025

Community Details

Overview

  • 7 Units
  • Building Dimensions are 66x121
  • Mcdowell Homesites Subdivision

Building Details

  • Operating Expense $1,325
  • Net Operating Income $1,357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,325

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: McDowell Rd and 35th Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2023
  • Directions: From McDowell Rd and 35th Ave, head north on McDowell Rd, property is on the west side of 35th Ave
  • Road Surface Type: Asphalt
  • Subdivision Name: MCDOWELL HOMESITES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 66x121
  • Additional Parcels: No
  • Parcel #: 108-24-025

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 7
  • Property Net Operating Income: 1357.0
  • Annual Operating Expense: 1325.0

Tax Info

  • Tax Annual Amount: 1325.0
  • Tax Book Number: 108.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2025
Sold by
Guillen Ramon Alberto Baca and Jacobo Yeira Janette
Bought by
Y & R Homes Llc
Total Days on Market
70
Current Estimated Value
$447,987

Purchase Details

Listed on
Sep 4, 2024
Closed on
Nov 25, 2024
Sold by
Mtb Invest Llc
Bought by
Guillen Ramon Alberto Baca and Jacobo Yeira Janette
Seller's Agent
Joseph Mahoney
JM Realty
Buyer's Agent
Colt Siler
Orion Investment Real Estate
List Price
$550,000
Sold Price
$425,000
Premium/Discount to List
-$125,000
-22.73%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.71%
Original Mortgage
$372,950
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2024
Closed on
Nov 20, 2024
Sold by
Great Lake Funding I Trust
Bought by
Mtb Invest Llc
Seller's Agent
Joseph Mahoney
JM Realty
Buyer's Agent
Colt Siler
Orion Investment Real Estate
List Price
$550,000
Sold Price
$425,000
Premium/Discount to List
-$125,000
-22.73%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,950
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2024
Sold by
Mike Johnson Az Property Investments Llc
Bought by
Great Lake Funding I Trust

Purchase Details

Closed on
Nov 21, 2019
Sold by
Sound Llc
Bought by
Mike Johnson Az Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.5%

Purchase Details

Closed on
Jun 27, 2019
Sold by
Poli Bruce
Bought by
Sound Llc

Purchase Details

Closed on
Jul 18, 2018
Sold by
Trujillo Linda Michelle
Bought by
Trujillo Linda M

Purchase Details

Listed on
Dec 6, 2016
Closed on
Jun 8, 2017
Sold by
Sanmoltoby Llc
Bought by
Poli Bruce
Seller's Agent
Dawn Jett
Vista View Realty Group, LLC
Buyer's Agent
Mona Sanchez
Impresa Real Estate
List Price
$210,000
Sold Price
$210,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%

Purchase Details

Listed on
Jun 17, 2014
Closed on
Aug 28, 2014
Sold by
Cunanan Elizabeth C
Bought by
Sanmoltoby Llc
Seller's Agent
Richard Vairo
Prestige Realty
Buyer's Agent
Dawn Jett
Vista View Realty Group, LLC
List Price
$139,900
Sold Price
$150,000
Premium/Discount to List
$10,100
7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.92%

Purchase Details

Closed on
Jun 5, 2014
Sold by
Cunanan Elizabeth C
Bought by
Mystic Swan Llc

Purchase Details

Listed on
Jul 8, 2013
Closed on
Feb 4, 2014
Sold by
Stolpe Daniel
Bought by
Cunanan Elizabeth Cynthia
Seller's Agent
Jarom Rogers
eXp Realty
Buyer's Agent
Jarom Rogers
eXp Realty
List Price
$129,000
Sold Price
$95,000
Premium/Discount to List
-$34,000
-26.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.82%
Original Mortgage
$70,000
Interest Rate
4.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 7, 2012
Sold by
Stbingham Inc
Bought by
Stolpe Daniel

Purchase Details

Closed on
Feb 16, 2010
Sold by
Ib Property Holdings Llc
Bought by
Stb Inc

Purchase Details

Closed on
Sep 17, 2008
Sold by
Hoang Melissa My Linh and Interbay Funding Llc
Bought by
Ib Property Holdings Llc

Purchase Details

Closed on
Aug 1, 2005
Sold by
Haddad Fadi
Bought by
Hoang Melissa My Linh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2004
Sold by
Napoli Ibercoop Llc
Bought by
Haddad Fadi

Purchase Details

Closed on
Jun 2, 2003
Sold by
Alkelabi Rfah
Bought by
Carvalho Mark and Brown Kristin

Purchase Details

Closed on
Nov 18, 2002
Sold by
Yonan Helmina
Bought by
Alkelabi Rfah

Purchase Details

Closed on
Mar 29, 2001
Sold by
Erickson Leroy B and Erickson Pamala K
Bought by
Yonan Helmina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7.06%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
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List Price
Sold Price
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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
Y & R Homes Llc -- --
Guillen Ramon Alberto Baca $450,000 Title Services Of The Valley
Mtb Invest Llc $425,000 Title Services Of The Valley
Great Lake Funding I Trust $631,500 None Listed On Document
Mike Johnson Az Property Investments Llc $500,000 Magnus Title Agency
Sound Llc $200,000 Wfg National Title Ins Co
Trujillo Linda M -- None Available
Poli Bruce $210,000 Grand Canyon Title Agency
Sanmoltoby Llc $150,000 Grand Canyon Title Agency In
Cunanan Elizabeth C -- Grand Canyon Title Agency In
Mystic Swan Llc -- None Available
Cunanan Elizabeth Cynthia $95,000 Empire West Title Agency
Stolpe Daniel $98,000 Empire West Title Agency
Stb Inc $67,500 Chicago Title
Ib Property Holdings Llc $178,500 None Available
Hoang Melissa My Linh $319,900 --
Haddad Fadi $165,000 Fidelity National Title
Carvalho Mark $158,000 Capital Title Agency Inc
Alkelabi Rfah $127,743 Capital Title Agency Inc
Yonan Helmina $159,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guillen Ramon Alberto Baca $372,950
Previous Owner Mike Johnson Az Property Inves $600,000
Previous Owner Mike Johnson Az Property Investments Llc $50,000
Previous Owner Mike Johnson Az Property Investments Llc $525,000
Previous Owner Cunanan Elizabeth Cynthia $70,000
Previous Owner Hoang Melissa My Linh $220,000
Previous Owner Yonan Helmina $129,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $425,000 -14.1% $210 / Sq Ft
11/13/2024 11/13/24 Pending -- -- --
10/21/2024 10/21/24 Price Changed $495,000 -10.0% $245 / Sq Ft
09/04/2024 09/04/24 For Sale $550,000 +161.9% $272 / Sq Ft
06/09/2017 06/09/17 Sold $210,000 -10.3% $104 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
05/09/2017 05/09/17 Price Changed $234,000 -0.2% $116 / Sq Ft
04/30/2017 04/30/17 Price Changed $234,500 -0.4% $116 / Sq Ft
04/19/2017 04/19/17 Price Changed $235,500 -1.3% $116 / Sq Ft
04/17/2017 04/17/17 Price Changed $238,500 -0.4% $118 / Sq Ft
04/10/2017 04/10/17 Price Changed $239,500 -0.2% $118 / Sq Ft
04/04/2017 04/04/17 Price Changed $239,900 -0.4% $119 / Sq Ft
03/23/2017 03/23/17 Price Changed $240,900 -1.6% $119 / Sq Ft
03/21/2017 03/21/17 Price Changed $244,900 -7.6% $121 / Sq Ft
01/06/2017 01/06/17 Price Changed $264,900 +26.1% $131 / Sq Ft
12/05/2016 12/05/16 For Sale $210,000 0.0% $104 / Sq Ft
12/10/2014 12/10/14 Rented $400 0.0% --
12/04/2014 12/04/14 Under Contract -- -- --
09/30/2014 09/30/14 For Rent $400 0.0% --
09/02/2014 09/02/14 Sold $150,000 +7.2% $74 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $139,900 +47.3% $69 / Sq Ft
02/07/2014 02/07/14 Sold $95,000 -26.4% $47 / Sq Ft
01/24/2014 01/24/14 Pending -- -- --
07/08/2013 07/08/13 For Sale $129,000 -- $64 / 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 $1,358 $8,291 -- --
2024 $1,325 $7,896 -- --
2023 $1,325 $33,870 $6,770 $27,100
2022 $1,263 $22,500 $4,500 $18,000
2021 $1,259 $19,560 $3,910 $15,650
2020 $1,236 $16,400 $3,280 $13,120
2019 $1,214 $10,860 $2,170 $8,690
2018 $1,217 $8,880 $1,770 $7,110
2017 $1,210 $9,100 $1,820 $7,280
2016 $1,171 $7,570 $1,510 $6,060
2015 $1,084 $7,620 $1,520 $6,100
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6752420

Arizona Regional Multiple Listing Service (ARMLS)

APN: 108-24-025