$600,000
SOLD DEC 18, 2024
-- Bed
-- Bath
1,245 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$482 Per Sq Ft

8% Below List Price

158 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Ceiling Fan
  • Heat Pump System
  • Central Air

About This Home

As of December 2024

A 3 bedrooms 2 baths home plus 2 units 1 bed/1 bath included in this sale. All units are long term/month to month tenants, ALL units are totally updated with SS appliances, granite counters, in unit washer/dryer outlets, newer HVACs, new cabinets W/soft closing doors, units 2 and 3 have private auto opening gate entries, and much more. REAL INCOME/EXPENSES SHOWN, HIGHEST REAL CAP RATE.

Last Agent to Sell the Property

Jose Alvarado

American Traditions Realty License #SA639760000

Last Buyer's Agent

Alejandro Sanchez

HomeSmart License #SA546000000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,331

Year Built

  • Built in 1920

Home Design

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

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 8 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Isaac E IMES Elementary School
  • Glendale Landmark Middle School
  • Glendale High School

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 3 / 4
  • Assessor Parcel Number 146-05-057

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 7000
  • Sugar Add Blks 1 6, 13, 14 Subdivision

Building Details

  • Operating Expense $4,496
  • Gross Income $59,000
  • Net Operating Income $54,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,331

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: 54th Dr @ Glendale Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1920
  • Tax Year: 2023
  • Directions: South on 54th to property.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Subdivision Name: SUGAR ADD BLKS 1-6, 13, 14
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Other (See Remarks), >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Heat Pump, Ceiling Fan(s)
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1900.0

Schools

  • Elementary School: Isaac E Imes School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Glendale Landmark Middle School

Lot Info

  • Lot Size: 7000
  • Additional Parcels: No
  • Parcel #: 146-05-057

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 59000.0
  • Maintenance Expense: 1265.0
  • Property Net Operating Income: 54540.0
  • Annual Operating Expense: 4496.0

Tax Info

  • Tax Annual Amount: 1331.0
  • Tax Block: 4
  • Tax Book Number: 146.00
  • Tax Lot: 3

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
12/18/2024 12/18/24 Sold $600,000 -7.7% $482 / Sq Ft
06/06/2024 06/06/24 For Sale $650,000 +13.0% $522 / Sq Ft
03/18/2022 03/18/22 Sold $575,000 0.0% $462 / Sq Ft
03/01/2022 03/01/22 For Sale $575,000 -4.0% $462 / Sq Ft
01/14/2022 01/14/22 Price Changed $599,000 +0.7% $481 / Sq Ft
01/14/2022 01/14/22 Price Changed $595,000 +6.3% $478 / Sq Ft
09/02/2021 09/02/21 Price Changed $560,000 -3.9% $450 / Sq Ft
08/26/2021 08/26/21 Price Changed $582,995 -0.3% $468 / Sq Ft
07/20/2021 07/20/21 Price Changed $585,000 -1.7% $470 / Sq Ft
06/09/2021 06/09/21 Price Changed $595,000 -6.3% $478 / Sq Ft
05/10/2021 05/10/21 For Sale $635,000 +58.8% $510 / Sq Ft
09/11/2019 09/11/19 Sold $400,000 0.0% $321 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $400,000 -- $321 / 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 $1,452 $10,878 -- --
2024 $1,331 $10,360 -- --
2023 $1,331 $34,170 $6,830 $27,340
2022 $1,322 $25,310 $5,060 $20,250
2021 $1,305 $18,010 $3,600 $14,410
2020 $1,318 $14,260 $2,850 $11,410
2019 $1,303 $13,510 $2,700 $10,810
2018 $1,254 $11,270 $2,250 $9,020
2017 $1,267 $10,500 $2,100 $8,400
2016 $1,194 $9,580 $1,910 $7,670
2015 $1,108 $10,620 $2,120 $8,500
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Closed $450,000 New Conventional
Previous Owner $423,000 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $103,000 Commercial
Previous Owner $104,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $600,000 Security Title Agency
Warranty Deed $600,000 Security Title Agency
Warranty Deed $575,000 Pioneer Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- North American Title Company
Warranty Deed $400,000 North American Title Company
Warranty Deed $169,250 Chicago Title Agency
Warranty Deed $143,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- None Available
Warranty Deed $131,000 Capital Title Agency Inc
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6711532

Arizona Regional Multiple Listing Service (ARMLS)

APN: 146-05-057