$799,000
SOLD DEC 3, 2024
-- Bed
-- Bath
3,050 Sq Ft
7,187 Sq Ft Lot

Recently Sold

$262 Per Sq Ft

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating

About This Home

As of December 2024

Discover a fantastic investment opportunity with this unique four-plex, featuring a versatile unit mix that includes one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units. Perfectly situated in a growing area of Phoenix, this property offers tremendous potential for value appreciation. This four-plex is not just an investment; it's a blank canvas for creative minds to enhance and maximize its potential. With its strategic location and numerous opportunities for improvement, this property stands out as the best investment opportunity in the Phoenix area.

Last Agent to Sell the Property

Daniel Papin

Realty ONE Group License #SA684875000

Realty ONE Group

Last Buyer's Agent

Christine Tolber

Iannelli and Associates License #SA695083000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,171

Year Built

  • Built in 1974

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 150-09-882

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7201
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $3,287
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,171

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35th Ave. & Northern
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 7201
  • Additional Parcels: No
  • Parcel #: 150-09-882

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Property Net Operating Income: 48000.0
  • Annual Operating Expense: 3287.0

Tax Info

  • Tax Annual Amount: 2171.0
  • Tax Book Number: 150.00
  • Tax Lot: 15

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

Property History

Date Event Price Change Sq Ft Price
12/03/2024 12/03/24 Sold $799,000 0.0% $262 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
10/24/2024 10/24/24 Pending -- -- --
10/20/2024 10/20/24 For Sale $799,000 +18.4% $262 / Sq Ft
10/20/2024 10/20/24 Pending -- -- --
12/27/2022 12/27/22 Sold $675,000 +2.3% $221 / Sq Ft
12/07/2022 12/07/22 Price Changed $660,000 -8.0% $216 / Sq Ft
11/23/2022 11/23/22 Price Changed $717,500 -2.4% $235 / Sq Ft
11/07/2022 11/07/22 Price Changed $735,000 -3.3% $241 / Sq Ft
10/24/2022 10/24/22 Price Changed $760,000 -3.2% $249 / Sq Ft
10/10/2022 10/10/22 For Sale $785,000 -- $257 / 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 $2,171 $17,753 -- --
2024 $2,132 $16,908 -- --
2023 $2,132 $42,000 $8,400 $33,600
2022 $2,062 $30,380 $6,070 $24,310
2021 $2,089 $28,580 $5,710 $22,870
2020 $2,037 $27,200 $5,440 $21,760
2019 $2,000 $22,750 $4,550 $18,200
2018 $1,947 $20,730 $4,140 $16,590
2017 $1,937 $18,020 $3,600 $14,420
2016 $1,902 $16,030 $3,200 $12,830
2015 $1,762 $16,160 $3,230 $12,930
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $759,050 New Conventional
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $304,000 Negative Amortization
Previous Owner $262,000 Trade
Previous Owner $156,450 Trade
Previous Owner $142,200 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $799,000 Pioneer Title Agency
Warranty Deed $675,000 Landmark Title
Warranty Deed -- None Available
Interfamily Deed Transfer -- Guaranty Title Agency
Cash Sale Deed $115,000 Guaranty Title Agency
Trustee Deed $336,781 First American Title
Warranty Deed -- Westland Title Agency Of Az
Interfamily Deed Transfer -- --
Special Warranty Deed $380,000 --
Interfamily Deed Transfer -- --
Warranty Deed $262,000 Fidelity National Title
Interfamily Deed Transfer -- Transnation Title Insurance
Warranty Deed $205,000 North American Title Agency
Warranty Deed $157,350 Fidelity Title
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6773705

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-882