$485,000
SOLD FEB 20, 2025
-- Bed
-- Bath
3,404 Sq Ft
7,928 Sq Ft Lot

Recently Sold

$142 Per Sq Ft

15 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of February 2025

4-plex. All units are occupied, The Tenants have been living there for a long time.
The property is located within a close proximity to I-10 and I-17 Fwys.

Last Agent to Sell the Property

Ruben Lopez

ProSmart Realty License #SA034530000

ProSmart Realty

Last Buyer's Agent

Mariela Elenes

EMG Real Estate License #SA691160000

EMG Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,102

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 1
  • Assessor Parcel Number 109-40-061

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Prosperity Park Subdivision

Building Details

  • Operating Expense $1,102
  • Gross Income $37,620
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,102

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 31st Ave & Van Buren ST
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Unknown
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Directions: From Van Buren ST go south on 31st Ave 3 blocks, The property is located on the Southwest corner of Madison St.
  • Road Surface Type: Asphalt
  • Subdivision Name: PROSPERITY PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: See Remarks

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 109-40-061

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 37620.0
  • Property Net Operating Income: 34800.0
  • Annual Operating Expense: 1102.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1102.0
  • Tax Book Number: 109.00
  • Tax Lot: 1

Map

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

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $485,000 0.0% $142 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $485,000 0.0% $142 / Sq Ft
01/14/2025 01/14/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $485,000 -- $142 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,102 $8,735 -- --
2024 $1,048 $8,319 -- --
2023 $1,048 $40,400 $8,080 $32,320
2022 $1,005 $27,180 $5,430 $21,750
2021 $1,065 $23,260 $4,650 $18,610
2020 $1,029 $19,750 $3,950 $15,800
2019 $1,018 $17,110 $3,420 $13,690
2018 $997 $13,880 $2,770 $11,110
2017 $958 $13,270 $2,650 $10,620
2016 $972 $10,300 $2,060 $8,240
2015 $906 $8,780 $1,750 $7,030
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $388,000 New Conventional
Previous Owner $165,750 Fannie Mae Freddie Mac
Previous Owner $105,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $485,000 Standard Title
Sheriffs Deed $17,592 None Available
Warranty Deed $18,000 Lawyers Title
Trustee Deed -- --
Trustee Deed -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6803154

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-40-061