$1,125,000
$25K PRICE DROP

Estimated payment $6,462/month

Total Views 1,230
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

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

About This Home

Sunnyside Cottages is a 6-unit apartment community located southwest of the Cave Creek Road and Thunderbird Road intersection with outstanding views of North Mountain Park. With a centralized Phoenix location and placed less than two miles from State Route 51 (SR 51), convenient access is found to a plethora of employment, lifestyle, recreational attractions and a reasonable commute to destinations valley-wide. Led by a strong employment landscape, over ±169,100 employees and ±4,700 businesses are easily accessible throughout the Deer Valley/I-17 Employment Corridors and Kierland Corridor/ Scottsdale Airpark, headlined by tenants such as Vanguard, USAA, American Express, and Blue Cross Blue Shield. Additional desired destinations of Desert Ridge Marketplace, High Street, and the Paradise Valley Mall transformation provide renters a more diverse and robust lifestyle. Completed in 1949 and renovated in 2022, Sunnyside Cottages is comprised entirely of two-bedroom, one-bath floorplans, each offering 600 square feet. The community has undergone extensive exterior renovations including new A/C units, plumbing, electrical, and landscaping presenting a refreshed look that aligns with the neighborhood's aesthetic. In addition, the property offers on-site laundry for resident's convenience. Future ownership will have the opportunity to capitalize the current below market rents by increasing lease rates to a level achieved by similar properties in the surrounding area.

Listing Agent

Paul Bay

Marcus & Millichap License #SA671037000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,196

Year Built

  • Built in 1949

Home Design

  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 159-20-055

Community Details

Overview

  • 5 Buildings
  • 6 Units
  • Building Dimensions are 0.44

Building Details

  • Operating Expense $23,783
  • Gross Income $85,095
  • Net Operating Income $61,389

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,196

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2024
  • Road Surface Type: Gravel
  • Professional Management Expense: 4263.0
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 0.44
  • Additional Parcels: Yes
  • Parcel #: 159-20-055

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Electric Expense: 5624.0
  • Annual Gross Income: 85095.38
  • Insurance Expense: 3000.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 61389.0
  • Annual Operating Expense: 23783.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 2196.0
  • Tax Book Number: 159.00
  • Tax Lot: 9

Map

Range of Values:

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Average Value
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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
04/24/2025 04/24/25 Price Changed $1,125,000 -2.2% --
03/27/2025 03/27/25 For Sale $1,150,000 +434.9% --
02/23/2021 02/23/21 Sold $215,000 0.0% $358 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
11/14/2020 11/14/20 Pending -- -- --
11/14/2020 11/14/20 For Sale $215,000 -- $358 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6841928

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-20-057