1005 S 1st Ave Phoenix, AZ 85003
Central City Neighborhood
--
Bed
--
Bath
1,605
Sq Ft
6,752
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- 4-minute walk to Central Park
- Phoenix Coding Academy Rated A
- Heating System Uses Natural Gas
About This Home
As of December 2024Perfect multi-family home in the heart of downtown Phoenix. Steps from the light rail, ballgames and entertainment this estate boasts all of the Phoenix charm that one would want. Ideal for an investor, this home has the potential to generate consistent solid income. It is also ideal for an owner wanting to reside on the property while offsetting expenses with a tenant OR a larger family looking for a huge in-law unit to accompany the primary. This updated multi-family property truly has limitless possibilities with NO HOA! Both units have their own washer/dryer/hot water heater etc...
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $725
Year Built
- Built in 1954
Home Design
- Composition Roof
Flooring
- Carpet
- Ceramic Tile
Parking
- 6 Parking Spaces
- 3 Covered Spaces
- Common or Shared Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Tax Lot 3 & 4
- Assessor Parcel Number 112-24-103
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are IRREGULAR
- Montgomery Add Amd Blks 75, 83, 84, 91, 99 102 Subdivision
Building Details
- Operating Expense $725
- Net Operating Income $1,595
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2024 12/12/24 | Sold | $524,000 | -0.9% | $326 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 10/28/2024 10/28/24 | For Sale | $529,000 | 0.0% | $330 / Sq Ft |
| 05/15/2023 05/15/23 | Rented | $1,995 | 0.0% | -- |
| 04/18/2023 04/18/23 | For Rent | $1,995 | 0.0% | -- |
| 02/22/2023 02/22/23 | Sold | $370,000 | -2.6% | $231 / Sq Ft |
| 01/18/2023 01/18/23 | Pending | -- | -- | -- |
| 12/14/2022 12/14/22 | Price Changed | $379,900 | -2.6% | $237 / Sq Ft |
| 10/30/2022 10/30/22 | For Sale | $390,000 | -- | $243 / 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 | $732 | $5,473 | -- | -- |
| 2024 | $725 | $5,212 | -- | -- |
| 2023 | $725 | $25,720 | $5,140 | $20,580 |
| 2022 | $618 | $19,560 | $3,910 | $15,650 |
| 2021 | $619 | $14,920 | $2,980 | $11,940 |
| 2020 | $627 | $13,930 | $2,780 | $11,150 |
| 2019 | $628 | $11,310 | $2,260 | $9,050 |
| 2018 | $617 | $11,670 | $2,330 | $9,340 |
| 2017 | $594 | $8,520 | $1,700 | $6,820 |
| 2016 | $578 | $7,830 | $1,560 | $6,270 |
| 2015 | $526 | $6,030 | $1,200 | $4,830 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $467,100 | New Conventional | |
| Previous Owner | $597,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $337,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $183,000 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $519,000 | Chicago Title Agency | |
| Warranty Deed | $519,000 | Chicago Title Agency | |
| Warranty Deed | $370,000 | East Title | |
| Interfamily Deed Transfer | -- | True Concept Title Company | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Similar Homes in Phoenix, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6776799
APN: 112-24-103
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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