1538 W Osborn Rd Phoenix, AZ 85015
North Encanto NeighborhoodEstimated payment $17,418/month
Highlights
- Golf Course Community
- Shuffleboard Court
- Community Barbecue Grill
- Phoenix Coding Academy Rated A
- Cooling Available
- Ceramic Tile Flooring
About This Home
Unlock exceptional returns with this fully renovated 8-unit luxury multifamily property in thriving Midtown Phoenix. Located minutes from Downtown and the airport, this turnkey investment features high-end finishes, modern, fully furnished units, and a resort-style courtyard with a 6-hole putting green, waterfall, and gated dog play area.
Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix's most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown's vibrant cultural, business, and lifestyle scene. Rare opportunity to acquire a top-performing asset in a high-growth market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,391
Year Built
- Built in 1953
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Concrete
- Ceramic Tile
Parking
- 2 Open Parking Spaces
- 10 Parking Spaces
- Carport
Utilities
- Cooling Available
- Central Heating
- Heating System Uses Natural Gas
- Individual Controls for Heating
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 110-15-091
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are 16848
- Encanto Westwood Subdivision
Amenities
- Community Barbecue Grill
Recreation
- Golf Course Community
- Shuffleboard Court
- Community Playground
Building Details
- Operating Expense $30,434
- Gross Income $365,062
- Net Operating Income $334,628
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,440 | $11,476 | -- | -- |
| 2024 | $1,391 | $10,930 | -- | -- |
| 2023 | $1,391 | $47,180 | $9,430 | $37,750 |
| 2022 | $1,384 | $32,350 | $6,470 | $25,880 |
| 2021 | $1,407 | $27,650 | $5,530 | $22,120 |
| 2020 | $1,371 | $22,530 | $4,500 | $18,030 |
| 2019 | $1,312 | $19,030 | $3,800 | $15,230 |
| 2018 | $1,268 | $14,760 | $2,950 | $11,810 |
| 2017 | $1,165 | $13,880 | $2,770 | $11,110 |
| 2016 | $1,124 | $12,080 | $2,410 | $9,670 |
| 2015 | $1,044 | $10,780 | $2,150 | $8,630 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/26/2025 03/26/25 | Price Changed | $3,100,000 | -3.0% | -- |
| 02/14/2025 02/14/25 | Price Changed | $3,195,000 | -3.0% | -- |
| 09/12/2024 09/12/24 | For Sale | $3,295,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $575,500 | Great American Ttl Agcy Inc | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Pioneer Title Agency Inc | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Special Warranty Deed | $135,000 | Great American Title Agency | |
| Trustee Deed | $131,000 | Great Amer Title Agency Inc | |
| Warranty Deed | $304,000 | Capital Title Agency Inc | |
| Quit Claim Deed | -- | Tsa Title Agency | |
| Warranty Deed | -- | Capital Title Agency Inc | |
| Trustee Deed | $176,300 | First Financial Title Agency | |
| Warranty Deed | $165,000 | Capital Title Agency Inc | |
| Quit Claim Deed | -- | Transnation Title Insurance | |
| Quit Claim Deed | -- | Transnation Title Insurance | |
| Joint Tenancy Deed | -- | -- | |
| Deed | $87,500 | First American Title | |
| Warranty Deed | $65,000 | Grand Canyon Title Agency In |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | New Conventional | |
| Open | $431,625 | New Conventional | |
| Previous Owner | $93,800 | New Conventional | |
| Previous Owner | $53,250 | New Conventional | |
| Previous Owner | $228,000 | New Conventional | |
| Previous Owner | $228,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $149,200 | Purchase Money Mortgage | |
| Previous Owner | $158,300 | Purchase Money Mortgage | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $132,000 | New Conventional | |
| Previous Owner | $72,500 | No Value Available | |
| Previous Owner | $70,000 | No Value Available | |
| Previous Owner | $65,000 | Seller Take Back | |
| Closed | $33,000 | No Value Available | |
| Closed | $10,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6756497
APN: 110-15-091
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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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