$1,050,000
UNDER CONTRACT $50K PRICE DROP

Estimated payment $5,898/month

Total Views 2,486
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Heating Available
  • 5-minute walk to Cortez Park
  • Ceramic Tile Flooring

About This Home

Total 8 units of townhomes all 2 bedrooms/1.5bathroom in a community of total 99 units of Dunlap Condominiums. This is not apartment complex, but 8 units spread across the community of 15 building. Each unit large 1108sq as townhome, all units rented, each unit with Washer/Dryer, individual water heater and HVAC, Tenant pay for electricity. Average rent $1200 to 1500 for each unit in this community. HOA fee $300 each covering insurance, common area maintenance, and water, sewer, trash.

Listing Agent

Zongfu Li

Lichi Investment, LLC License #BR578246000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $440

Year Built

  • Built in 1974

Lot Details

  • Additional Parcels

Home Design

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

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 16 Parking Spaces
  • Carport

Schools

  • Cortez High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 112
  • Assessor Parcel Number 149-39-478

Community Details

Overview

  • 8 Buildings
  • 8 Units
  • Building Dimensions are 700sqft
  • Dunlap Condominums Subdivision

Building Details

  • Operating Expense $51,440
  • Gross Income $115,200
  • Net Operating Income $68,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$440

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 35th Ave and Dunlap
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 8
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2024
  • Directions: Behind the car wash
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5000.0
  • Subdivision Name: DUNLAP CONDOMINUMS
  • Construction:Wood Frame: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking Features:Carport: 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • High School: Cortez High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 700sqft
  • Additional Parcels: Yes
  • Parcel #: 149-39-478

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 8
  • Electric Expense: 1000.0
  • Annual Gross Income: 115200.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 68000.0
  • Annual Operating Expense: 51440.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 440.0
  • Tax Book Number: 149.00
  • Tax Lot: 112

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 $440 $3,595 -- --
2024 $432 $3,424 -- --
2023 $432 $8,350 $1,670 $6,680
2022 $418 $6,630 $1,320 $5,310
2021 $423 $6,730 $1,340 $5,390
2020 $412 $5,660 $1,130 $4,530
2019 $405 $4,410 $880 $3,530
2018 $394 $3,500 $700 $2,800
2017 $259 $3,010 $600 $2,410
2016 $255 $2,920 $580 $2,340
2015 $236 $2,310 $460 $1,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 For Sale $1,950,000 +85.7% --
12/01/2024 12/01/24 Price Changed $1,050,000 -4.5% --
10/31/2024 10/31/24 For Sale $1,100,000 0.0% --
02/01/2022 02/01/22 Rented $1,195 0.0% --
01/20/2022 01/20/22 For Rent $1,195 0.0% --
01/17/2022 01/17/22 Rented $1,195 0.0% --
01/03/2022 01/03/22 For Rent $1,195 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed -- Pioneer Title
Warranty Deed $130,000 Wfg National Title Insurance C
Warranty Deed $89,000 Wfg National Title Insurance C
Cash Sale Deed $65,000 Security Title Agency
Cash Sale Deed $45,000 Security Title Agency
Cash Sale Deed $7,500 Clear Title Agency
Cash Sale Deed $5,000 First Arizona Title Agency
Cash Sale Deed $10,500 Great American Title Agency
Trustee Deed $92,000 Great American Title Agency
Warranty Deed $93,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,200,000 New Conventional
Closed $1,980,000 New Conventional
Previous Owner $83,700 Purchase Money Mortgage
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6778033

Arizona Regional Multiple Listing Service (ARMLS)

APN: 149-39-478