2122 W Augusta Ave Phoenix, AZ 85021
Alhambra NeighborhoodEstimated payment $11,275/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Washington High School Rated A-
- Ceiling Fan
About This Home
Investment Opportunity: Fully Occupied Multifamily Property
Address: 2122-2124 W Augusta Ave, Phoenix, AZ 85021
Price: $1,990,000
Property Overview:
Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk.
Fully Occupied - All units are currently rented, ensuring consistent rental income from day one.
Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors.
List of Recent Capital Improvements:
HVAC Upgrades:
Installed 1 ton mini-split AC in studio
Replaced all AC vents and returns in all units (27 vents, See Additional Information Investment Opportunity: Fully Occupied Multifamily Property
Address: 2122-2124 W Augusta Ave, Phoenix, AZ 85021
Price: $1,990,000
Property Overview:
Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk.
Fully Occupied - All units are currently rented, ensuring consistent rental income from day one.
Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors.
List of Recent Capital Improvements:
HVAC Upgrades:
Installed 1 ton mini-split AC in studio
Replaced all AC vents and returns in all units (27 vents, 7 returns)
Appliances:
Upgraded to new stainless steel appliances in all units, including fridges, ranges, microwaves, and dishwashers (note: ice makers on backorder)
Bathroom Renovations:
Installed new toilets, faucets, shower valves, water lines, and P-traps
Upgraded bathroom hardware including towel holders, toilet paper holders, and hand towel holders
Installed new tubs and bathroom exhaust vents
Kitchen and Bathroom Finishes:
Fitted new 40" vanities in bathrooms with quartz countertops
Installed subway tile backsplash in kitchens with 3/8" stainless steel trim
Interior and Exterior Painting:
Freshly painted both buildings with unknown colors (exterior)
Interior walls painted with ceiling white; baseboards and door trim in semi-gloss white
Electrical and Plumbing Enhancements:
Upgraded electrical panels in Building #1
Installed new outlets, switches, and light fixtures throughout units
Replaced plumbing systems as per new kitchen and bathroom designs
Flooring and Interior Upgrades:
Installed porcelain wood-like tile flooring throughout all units
Replaced interior doors with pre-hung doors and stainless steel handles
Exterior Enhancements:
Landscaped with three-quarter-inch gravel and artificial grass
Added pavers, irrigation system with timer, and 14 new Vankas plants
Built barn-style wooden fence and replaced fence panels with gates
Roofing and Siding Improvements:
Replaced roofing on both buildings with new shingles, underlayment, and flashing
Installed energy-efficient windows and replaced siding on Building #1
Additional Features:
Installed new exterior doors with locks and mailbox stucco finished for all units
Termite treatment completed with pest control measures
Investment Highlights:
Fully Occupied: Stable rental income from all units.
Recent Renovations: Extensive upgrades ensure minimal maintenance and attractive living spaces.
Prime Location: Close proximity to amenities, schools, and transportation hubs.
Residential Loan Purchase: Potential for financing using two residential loans, providing advantageous terms for investors.
Potential for Increased Value: With recent upgrades and tenant satisfaction, there's room for potential rent increases.
Price: $1,990,000
Disclaimer: Buyer to verify all facts and figures.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,016
Year Built
- Built in 1947
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 12 Parking Spaces
- 12 Covered Spaces
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 157-21-016-C
Community Details
Overview
- 2 Buildings
- 7 Units
- Building Dimensions are irr
- Vista Income Estates Subdivision
Building Details
- Operating Expense $25,804
- Gross Income $158,717
- Net Operating Income $120,869
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 | $1,317 | $10,767 | -- | -- |
| 2024 | $1,293 | $10,254 | -- | -- |
| 2023 | $1,293 | $36,250 | $7,250 | $29,000 |
| 2022 | $1,251 | $24,430 | $4,880 | $19,550 |
| 2021 | $1,267 | $22,580 | $4,510 | $18,070 |
| 2020 | $1,235 | $21,610 | $4,320 | $17,290 |
| 2019 | $1,213 | $17,180 | $3,430 | $13,750 |
| 2018 | $1,181 | $14,180 | $2,830 | $11,350 |
| 2017 | $1,175 | $14,000 | $2,800 | $11,200 |
| 2016 | $1,154 | $13,110 | $2,620 | $10,490 |
| 2015 | $1,068 | $10,700 | $2,140 | $8,560 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | For Sale | $1,990,000 | +74.6% | -- |
| 04/13/2025 04/13/25 | For Sale | $1,140,000 | +34.1% | -- |
| 11/05/2021 11/05/21 | Sold | $850,000 | 0.0% | $389 / Sq Ft |
| 10/25/2021 10/25/21 | Pending | -- | -- | -- |
| 10/24/2021 10/24/21 | For Sale | $850,000 | -- | $389 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $850,000 | Empire West Title Agency Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $905,000 | New Conventional | |
| Closed | $945,000 | New Conventional | |
| Closed | $865,000 | Construction | |
| Previous Owner | $92,000 | Unknown |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6852653
APN: 157-21-016C
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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