$360,000
SOLD DEC 11, 2024
-- Bed
-- Bath
806 Sq Ft
3,441 Sq Ft Lot

Recently Sold

$447 Per Sq Ft

8% Above List Price

61 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Sunnyslope High School Rated A
  • Ceiling Fan

About This Home

As of December 2024

ET''S BE CLEAR THIS IS A 2 UNIT Property and YOU MUST BUY THE FOURPLEX NEXT DOOR. See the listing at 9047 N 11 St concurrently. The numbers are accurate and Tenants are Government Assisted Leases. Please see the Supplemental Remarks for all information. Drive by only. NO FHA OR VA LOANS but you could buy both properties using two separate Residential Loans or both with a Commercial Loan. Should be able to buy with a DCR loan as well. Buyer to verify all facts and figures Fully Occupied: All 6 units leased, ensuring stable rental income.
9.12% Cap Rate: High-yield returns outperform industry standards.
Prime Location: Close to schools, parks, shopping centers, and public transit.
Tenant Amenities: Includes storage rooms and private backyards for select units.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000

Last Buyer's Agent

Jose Cereceres

Pak Home Realty License #SA679247000

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $558

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Tax Lot 30
  • Assessor Parcel Number 159-35-112

Community Details

Overview

  • 2 Units
  • Building Dimensions are irr
  • Waltmore Subdivision

Building Details

  • Operating Expense $8,959
  • Gross Income $39,169
  • Net Operating Income $30,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$558

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Dunlap and 11st
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2014
  • Directions: North on 11 St and property is on the right side of the street
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1560.0
  • Subdivision Name: WALTMORE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Ceiling Fan(s)
  • Heating: See Remarks, Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1685.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 159-35-112

Multi Family

  • Owner Pays: See Remarks, Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 1925.0
  • Annual Gross Income: 39168.6
  • Insurance Expense: 1751.0
  • Maintenance Expense: 1280.0
  • Property Net Operating Income: 30442.0
  • Annual Operating Expense: 8959.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 558.0
  • Tax Book Number: 159.00
  • Tax Lot: 30

Map

Range of Values:

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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
12/11/2024 12/11/24 Sold $360,000 -64.0% $447 / Sq Ft
12/06/2024 12/06/24 Sold $999,000 0.0% $1,239 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
11/11/2024 11/11/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $999,000 +199.1% $1,239 / Sq Ft
11/05/2024 11/05/24 For Sale $334,000 -66.6% $414 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
10/27/2024 10/27/24 Pending -- -- --
10/18/2024 10/18/24 Price Changed $999,000 +199.1% $1,239 / Sq Ft
10/18/2024 10/18/24 Price Changed $334,000 -4.3% $414 / Sq Ft
10/02/2024 10/02/24 Price Changed $349,000 -0.3% $433 / Sq Ft
09/11/2024 09/11/24 For Sale $350,000 -66.6% $434 / Sq Ft
09/08/2024 09/08/24 Price Changed $1,049,000 +0.4% $1,301 / Sq Ft
09/07/2024 09/07/24 Price Changed $1,045,000 -2.3% $1,297 / Sq Ft
08/02/2024 08/02/24 For Sale $1,070,000 0.0% $1,328 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/20/2024 07/20/24 Price Changed $1,070,000 -2.3% $1,328 / Sq Ft
06/18/2024 06/18/24 For Sale $1,095,000 0.0% $1,359 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $1,095,000 -- $1,359 / 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 $559 $4,569 -- --
2024 $549 $4,351 -- --
2023 $549 $16,060 $3,210 $12,850
2022 $531 $11,470 $2,290 $9,180
2021 $538 $9,760 $1,950 $7,810
2020 $524 $8,480 $1,690 $6,790
2019 $515 $7,360 $1,470 $5,890
2018 $501 $6,220 $1,240 $4,980
2017 $499 $5,010 $1,000 $4,010
2016 $490 $4,450 $890 $3,560
2015 $453 $3,700 $740 $2,960
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Closed $270,000 New Conventional
Previous Owner $175,000 New Conventional
Previous Owner $292,500 Construction
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $360,000 Wfg National Title Insurance C
Warranty Deed $360,000 Wfg National Title Insurance C
Warranty Deed -- Empire Title Agency
Warranty Deed $250,000 Empire Title Agency
Cash Sale Deed $65,000 Chicago Title Agency Inc
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6755715

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-35-112A