2231 N 25th Place Phoenix, AZ 85008
Estimated payment $4,912/month
Total Views
2,996
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
Investment Opportunity: Four on 25th
This is an amazing opportunity to own a triplex and a single-family home on one lot, qualifying for FHA, VA, and conventional financing - a rare find for investors and owner-occupants alike!
Property Details: Single-Family Home:
3 Bedrooms | 1.5 Bathrooms
Central A/C
Washer & Dryer Hookups
Triplex Units:
Three (3) Two-Bedroom, One-Bath Units
Each unit has washer & dryer hookups
Individually metered for electricity
Recent exterior paint. Investment Highlights:
Below-Market Rents - Significant upside potential to increase returns
Great Location - Centrally located in Phoenix, near freeways & residential neighborhoods
Recently appraised at $850,000
Fully Separately Metered - Tenants pay their own electricity
Versatile Financing Options - FHA, VA, and conventional financing eligible. All facts and figures are approximate. Buyer to verify MLS information. Drive-by only. Please do not disturb tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,002
Year Built
- Built in 1948
Home Design
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Concrete
- Ceramic Tile
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Schools
- Monte Vista Elementary School
- Biltmore Preparatory Academy Middle School
- Alhambra High School
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water
- Tax Lot 1
- Assessor Parcel Number 120-37-048
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 144 x 50
- Vel Ru Subdivision
Building Details
- Operating Expense $11,702
- Gross Income $66,443
- Net Operating Income $54,741
Map
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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 | $2,002 | $15,401 | -- | -- |
| 2024 | $1,979 | $14,668 | -- | -- |
| 2023 | $1,979 | $55,120 | $11,020 | $44,100 |
| 2022 | $1,901 | $41,250 | $8,250 | $33,000 |
| 2021 | $1,948 | $33,360 | $6,670 | $26,690 |
| 2020 | $1,900 | $26,520 | $5,300 | $21,220 |
| 2019 | $1,887 | $22,050 | $4,410 | $17,640 |
| 2018 | $1,848 | $20,430 | $4,080 | $16,350 |
| 2017 | $1,777 | $18,800 | $3,760 | $15,040 |
| 2016 | $1,708 | $16,080 | $3,210 | $12,870 |
| 2015 | $1,589 | $13,630 | $2,720 | $10,910 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/09/2025 02/09/25 | For Sale | $850,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Cash Sale Deed | $29,000 | Pioneer Title Agency Inc | |
| Trustee Deed | $41,562 | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Trustee Deed | $30,637 | Security Title Agency | |
| Warranty Deed | $207,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $18,000 | Seller Take Back | |
| Previous Owner | $20,000 | Commercial | |
| Previous Owner | $179,900 | Negative Amortization | |
| Previous Owner | $12,000 | Credit Line Revolving | |
| Previous Owner | $167,256 | Commercial | |
| Previous Owner | $106,000 | Commercial | |
| Previous Owner | $190,000 | Commercial |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6818128
APN: 120-37-048
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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