$2,050,000
$25K PRICE DROP

1504 E Indianola Ave Phoenix, AZ 85014

Estimated payment $11,810/month

Total Views 2,958
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling Available
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

Centrally located in Midtown Phoenix, the Indianola Townhomes (the property) is a 7 unit townhome community consisting of 2bed/1.5bath units. These units are professionally renovated with stainless steel appliances, shaker cabinets, and wood plank flooring. This income producing asset is a fantastic opportunity

Listing Agent

Jackson Everhart

Orion Investment Real Estate License #SA689433000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,411

Year Built

  • Built in 1981

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Vinyl

Parking

  • 14 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 118-01-071

Community Details

Overview

  • 7 Units
  • Building Dimensions are 122' x 124'
  • Dundee Subdivision

Building Details

  • Operating Expense $31,411
  • Gross Income $144,837
  • Net Operating Income $123,426

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,411

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 16th Street/Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2024
  • Directions: South on 16th Street, West on Indianola to property on corner of 15th Street and Indianola.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7500.0
  • Subdivision Name: DUNDEE
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: <1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 2100.0
  • Annual Water Sewer Expense: 2100.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 122' x 124'
  • Additional Parcels: No
  • Parcel #: 118-01-071

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Annual Gross Income: 144837.0
  • Insurance Expense: 2800.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 123426.0
  • Annual Operating Expense: 31411.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4411.0
  • Tax Book Number: 118.00
  • Tax Lot: 1

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
03/31/2025 03/31/25 Price Changed $2,050,000 -1.2% --
02/03/2025 02/03/25 For Sale $2,075,000 +306.9% --
11/25/2015 11/25/15 Sold $510,000 -7.1% $263 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $549,000 -- $284 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6811902

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85014

1504 E Indianola Ave, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1504 E Indianola Ave, Phoenix, AZ 85014 and is currently priced at $2,050,000. This property was built in 1981. 1504 E Indianola Ave is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and North High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

Jackson Everhart
Listing Agent
Jackson Everhart
Section Image
Orion Investment Real Estate
(480) 634-6934