$1,399,000

Estimated payment $7,913/month

Total Views 2,645
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

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

About This Home

(Owner willing to carry at 5% for 5 years with 20% down!) These charming 7 units in the heart of Downtown Phoenix will be a great cash-cow to add to your portfolio. With an attractive mix of studios, 1-bedroom, and 2-bedroom units, you will appeal to all tenant types. Some units feature 10+ foot ceilings and historic, grand fireplaces, and all have renovated interiors and a wonderful, inviting front yard and courtyard. Along with onsite laundry, this gem has attracted and welcomed a great tenant base.

Located only a short distance from all of the entertainment, shopping, and culinary attractions of downtown, this is a great investment that will yield great returns for many years to come.

Inquire about this great investment while it's still available!

Listing Agent

Tyler Bruggman

ABI Multifamily License #SA660047000

Co-Listing Agent

Colin Kreager

ABI Multifamily License #SA693849000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,252

Year Built

  • Built in 1895

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 7 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Tax Lot 17 + 18
  • Assessor Parcel Number 111-26-111

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 99'x128'

Building Details

  • Operating Expense $1,252
  • Gross Income $115,140
  • Net Operating Income $115,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,252

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Cross Street: 15th Avenue and Fillmore
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1895
  • Tax Year: 2024
  • Directions: 15th Avenue and Fillmore, go west to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks, Stucco, Block
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved Parking, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Lot Size: 99'x128'
  • Additional Parcels: Yes
  • Parcel #: 111-26-111

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 115140.0
  • Property Net Operating Income: 115140.0
  • Annual Operating Expense: 1252.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1252.0
  • Tax Book Number: 111.00
  • Tax Lot: 17 + 18

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

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 $1,060 $7,928 -- --
2024 $1,050 $7,550 -- --
2023 $1,050 $48,080 $5,340 $42,740
2022 $982 $33,350 $3,700 $29,650
2021 $977 $24,150 $2,680 $21,470
2020 $989 $18,870 $2,090 $16,780
2019 $987 $15,360 $1,700 $13,660
2018 $970 $13,530 $1,500 $12,030
2017 $945 $11,560 $1,280 $10,280
2016 $918 $9,660 $1,070 $8,590
2015 $846 $8,070 $890 $7,180
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 For Sale $1,399,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Special Warranty Deed -- None Available
Cash Sale Deed $120,000 Arizona Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $86,250 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6819340

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-111