$1,197,000

Estimated payment $6,890/month

Total Views 430
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Individual Controls for Heating

About This Home

Discover this beautifully maintained multifamily rental property located in the heart of Phoenix, Arizona. With fresh exterior paint and lush, well-maintained grass surrounding the building, the property offers a welcoming and attractive curb appeal. Inside, each unit features durable and stylish Luxury Vinyl Plank (LVP) flooring throughout, ensuring a modern look and easy maintenance. Some units have been updated with brand new kitchen and bathroom cabinets, as well as sleek countertops, offering a touch of luxury for residents. Conveniently located close to downtown Phoenix, this property provides easy access to a variety of shopping centers, restaurants, schools, and major highways, making it ideal for tenants seeking a prime location with great connectivity.

Listing Agent

Jamie Rosen

LHM Realty Brokerage Email: Dick@LHMRealty.com License #SA669178000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,663

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Assessor Parcel Number 120-20-090

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are Unknown

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $41,273
  • Gross Income $61,396
  • Net Operating Income $10,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,663

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 31st Street & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2024
  • Directions: From McDowell & 32nd St, head West to 31st St. Turn right (North) on 31st St. Property is on the right (East) side of the street.
  • Attribution Contact: Dick@LHMRealty.com
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6629.0
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue

Fee Information

  • Trash Expense: 3032.0
  • Annual Water Sewer Expense: 3248.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 120-20-090

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Electric Expense: 2101.0
  • Annual Gross Income: 61395.6
  • Maintenance Expense: 18000.0
  • Property Net Operating Income: 10522.51
  • Annual Operating Expense: 41273.0
  • Vacancy Allowance Rate: 0.3

Tax Info

  • Tax Annual Amount: 2663.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Map

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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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
04/23/2025 04/23/25 For Sale $1,197,000 +19.7% --
11/29/2021 11/29/21 Sold $1,000,000 -13.0% $828 / Sq Ft
11/13/2021 11/13/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $1,150,000 +42.0% $952 / Sq Ft
07/24/2020 07/24/20 Sold $810,000 -4.6% $671 / Sq Ft
05/27/2020 05/27/20 For Sale $849,000 +73.3% $703 / Sq Ft
06/18/2019 06/18/19 Sold $490,000 +0.2% $406 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $489,000 -- $405 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6855795

Arizona Regional Multiple Listing Service (ARMLS)