$567,000
SOLD FEB 14, 2025

2107 W Wilshire Dr Phoenix, AZ 85009

-- Bed
-- Bath
1,170 Sq Ft
6,882 Sq Ft Lot

Recently Sold

$485 Per Sq Ft

1% Below List Price

41 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of February 2025

*10.5% Gross Cap*
3 Units, 2 Buildings on One Parcel, Built in 1936 & Renovated in 2024. Garden Style Property Which Boasts a Duplex That Consists of (1) 1-Bed / 1-Bath Unit & (1) 2-Bed / 1-Bath Unit, & (1) 2-Bed/1-Bath Casita. Each Unit Features a Fully Upgraded Interior With White or Black Quartz Countertops, Luxury Vinyl-Plank & Wood Flooring, Subway Tile Showers, Stainless Steel Appliance Package, & In-Suite Washer / Dryer in Every Unit. Exterior Upgrades Include New Paint & Stucco, 3 New AC Units New Sewer line, One Car Garage & Private Backyard Area For Casita. Located Just Outside Encanto Neighborhood Which Provides Easy Access to Encanto 18 Golf Course, Arizona State Fair Grounds & Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000

Co-Listed By

Bryce Neagle

ABI Multifamily License #SA692871000

Last Buyer's Agent

Marquise Brown

eXp Realty License #SA712485000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $814

Year Built

  • Built in 1936

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Covered Space
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 21
  • Assessor Parcel Number 110-46-022

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6,860
  • Hi Way Park Subdivision

Building Details

  • Operating Expense $814
  • Gross Income $61,523
  • Net Operating Income $41,651

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$814

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2024
  • Road Surface Type: Dirt, Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: HI-WAY PARK
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6,860
  • Additional Parcels: No
  • Parcel #: 110-46-022

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: See Remarks
  • Number Of Units Total: 3
  • Annual Gross Income: 61523.0
  • Property Net Operating Income: 41651.0
  • Annual Operating Expense: 814.0

Tax Info

  • Tax Annual Amount: 814.0
  • Tax Book Number: 110.00
  • Tax Lot: 21

Map

Range of Values:

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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
02/14/2025 02/14/25 Sold $567,000 -1.4% $485 / Sq Ft
12/19/2024 12/19/24 For Sale $574,900 +57.5% $491 / Sq Ft
01/29/2024 01/29/24 Sold $365,000 -12.0% $179 / Sq Ft
01/14/2024 01/14/24 Pending -- -- --
01/05/2024 01/05/24 Price Changed $415,000 -3.5% $203 / Sq Ft
11/29/2023 11/29/23 Price Changed $430,000 -3.4% $210 / Sq Ft
09/27/2023 09/27/23 Price Changed $445,000 -4.3% $218 / Sq Ft
07/28/2023 07/28/23 Price Changed $465,000 -1.9% $227 / Sq Ft
06/23/2023 06/23/23 Price Changed $474,000 -3.1% $232 / Sq Ft
05/01/2023 05/01/23 For Sale $489,000 -- $239 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $814 $6,089 -- --
2024 $715 $5,799 -- --
2023 $715 $25,480 $5,090 $20,390
2022 $688 $21,100 $4,220 $16,880
2021 $688 $19,080 $3,810 $15,270
2020 $698 $18,050 $3,610 $14,440
2019 $698 $16,400 $3,280 $13,120
2018 $686 $14,460 $2,890 $11,570
2017 $661 $11,570 $2,310 $9,260
2016 $643 $9,620 $1,920 $7,700
2015 $585 $5,180 $1,030 $4,150
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $567,000 VA
Previous Owner $438,750 Construction
Previous Owner $58,400 Credit Line Revolving
Previous Owner $139,600 Adjustable Rate Mortgage/ARM
Previous Owner $144,000 Unknown
Previous Owner $84,000 Fannie Mae Freddie Mac
Previous Owner $21,000 Stand Alone Second
Previous Owner $66,137 FHA
Previous Owner $66,871 FHA
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $567,000 Group Title Agency
Warranty Deed $365,000 Magnus Title Agency
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $67,000 Security Title Agency
Joint Tenancy Deed -- First American Title
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6795927

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-46-022