$1,148,000
SOLD FEB 4, 2025
-- Bed
-- Bath
1,200 Sq Ft
1960 Built

Recently Sold

$957 Per Sq Ft

12% Below List Price

112 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of February 2025

This Recently updated 6-unit property features two buildings, each with 2,093 sqft. All units are 2-bedroom, 1-bathroom, offering modern living with covered parking and in-unit laundry. The property includes a shared outdoor common area. Recent renovations ensure each unit is updated and move-in ready. Five of the six units are currently occupied, providing immediate rental income. This property is an excellent investment opportunity with modern amenities and a great location for attracting tenants.

Last Agent to Sell the Property

Jacob Chapman

Realty85 License #BR583358000

Last Buyer's Agent

Jeremy Pierce

Berkshire Hathaway HomeServices Arizona Properties License #SA685985000

Berkshire Hathaway HomeServices Arizona Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,806

Year Built

  • Built in 1960

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • On-Street Parking

Schools

  • Brunson-Lee Elementary School
  • Pat Tillman Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 16
  • Assessor Parcel Number 125-13-060-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 17595
  • Palomino Estates Subdivision

Building Details

  • Operating Expense $1,806
  • Gross Income $100,822
  • Net Operating Income $90,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,806

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 50th & Mcdowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2023
  • Directions: South on 48th st to Brill East, street curves on 50th street
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: PALOMINO ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Brunson-Lee Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Pat Tillman Middle School

Lot Info

  • Lot Size: 17595
  • Additional Parcels: No
  • Parcel #: 125-13-060-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 100821.6
  • Property Net Operating Income: 90115.6
  • Annual Operating Expense: 1806.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1806.0
  • Tax Book Number: 125.00
  • Tax Lot: 16

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/04/2025 02/04/25 Sold $1,148,000 -11.7% $957 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
01/02/2025 01/02/25 Price Changed $1,300,000 0.0% $1,083 / Sq Ft
01/02/2025 01/02/25 For Sale $1,300,000 +13.2% $1,083 / Sq Ft
01/01/2025 01/01/25 Off Market $1,148,000 -- --
10/31/2024 10/31/24 Price Changed $1,400,000 -6.7% $1,167 / Sq Ft
10/15/2024 10/15/24 Price Changed $1,500,000 -6.3% $1,250 / Sq Ft
10/03/2024 10/03/24 For Sale $1,600,000 +45.5% $1,333 / Sq Ft
07/06/2022 07/06/22 Sold $1,100,000 -8.3% $917 / Sq Ft
06/15/2022 06/15/22 Price Changed $1,199,900 0.0% $1,000 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $1,199,900 -- $1,000 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Similar Home in Phoenix, AZ

  • 1045 E Cloud Rd, Phoenix, AZ 85086

    $1,199,999

    • 6 Beds
    • 5 Baths
    • 2,874 Sq Ft
    • 1045 E Cloud Rd
    • Phoenix, AZ

    Your DREAM HOME just hit the market! This stunning property sits on a flat, scenic lot with NO HOA, an income-producing guest house, and a 1,800 sq ft workshop with full bath, 220AMP/3-phase power & solar. The 2,874 sq ft main home offers 4 beds, 2 baths, an updated kitchen with granite & custom cabinetry, and a spacious primary suite with AZ room. Entertainer's backyard includes a pebble tec

    Nicole Rimsza HomeSmart

    Section Image

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6766122

Arizona Regional Multiple Listing Service (ARMLS)