$1,600,000

Estimated payment $9,111/month

Total Views 3,112
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Ceiling Fan
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

Discover an incredible investment opportunity with this unique renovated 7-plex Situated between Downtown Phoenix and Sky Harbor Airport, this property features six buildings, including five individual units and one duplex. Spacious 20,000 square foot lot, and each unit offers a welcoming living room with a calming color palette, an eat-in kitchen, SS appliances, cozy bedrooms, and laundry. Individual backyards provide a perfect spot to relax after a long day. Just north of McDowell, this property is all about convenience! It's super accessible, making it a fantastic choice for anyone looking to live or invest here. You'll be less than a mile away from major freeways, like Loop 202, I-10, and AZ-51, making it easy getting around the Phoenix Metro area. Don't miss this one!

Listing Agent

Edson Salas

ES Realty License #BR578194000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,166

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Central Air
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 27
  • Assessor Parcel Number 120-29-048-A

Community Details

Overview

  • 6 Buildings
  • 7 Units
  • Building Dimensions are 20393

Building Details

  • Operating Expense $32,325
  • Gross Income $108,300
  • Net Operating Income $88,809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,166

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: N 24th St & E Mcdowell Rd
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2024
  • Directions: Head north on N 24th St, turn right onto E McDowell Rd, turn left onto N 25th Pl. The property is on the right.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5345.0
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Ceiling Fan(s)
  • 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 4850.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 20393
  • Additional Parcels: No
  • Parcel #: 120-29-048-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 7
  • Electric Expense: 8688.0
  • Annual Gross Income: 108300.0
  • Insurance Expense: 4625.24
  • Maintenance Expense: 4375.0
  • Property Net Operating Income: 88809.0
  • Annual Operating Expense: 32324.54
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2166.3
  • Tax Book Number: 120.00
  • Tax Lot: 27

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
12/19/2024 12/19/24 For Sale $1,600,000 0.0% --
11/15/2024 11/15/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $1,600,000 +53.1% --
10/18/2021 10/18/21 Sold $1,045,000 -9.1% $1,045 / Sq Ft
10/11/2021 10/11/21 Price Changed $1,150,000 0.0% $1,150 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $1,150,000 0.0% $1,150 / Sq Ft
07/01/2021 07/01/21 Price Changed $1,150,000 +10.0% $1,150 / Sq Ft
06/25/2021 06/25/21 Off Market $1,045,000 -- --
06/07/2021 06/07/21 Price Changed $1,290,000 -0.3% $1,290 / Sq Ft
05/20/2021 05/20/21 Price Changed $1,294,000 -0.1% $1,294 / Sq Ft
05/12/2021 05/12/21 For Sale $1,295,000 +91.9% $1,295 / Sq Ft
12/27/2019 12/27/19 Sold $675,000 -3.6% $675 / Sq Ft
12/17/2019 12/17/19 Price Changed $699,999 0.0% $700 / Sq Ft
10/27/2019 10/27/19 Pending -- -- --
10/23/2019 10/23/19 Price Changed $699,999 -1.4% $700 / Sq Ft
09/04/2019 09/04/19 For Sale $710,000 +5.2% $710 / Sq Ft
07/30/2019 07/30/19 Off Market $675,000 -- --
07/11/2019 07/11/19 For Sale $710,000 -- $710 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6776131

Arizona Regional Multiple Listing Service (ARMLS)