$2,900,000
SOLD MAR 20, 2025
-- Bed
-- Bath
-- Sq Ft
10,149 Sq Ft Lot

Recently Sold

6% Below List Price

4 Days on Market

Highlights

  • 20 Car Attached Garage
  • Cooling Available
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of March 2025

Welcome to this exceptional investment property nestled in the sought-after Arcadia area. This contemporary 5-unit townhome complex was thoughtfully designed and constructed in 2022, offering modern living spaces and a prime location that attracts tenants seeking both convenience and luxury. Each townhome features a stylish design with high-end finishes and amenities, ensuring a premium living experience for tenants. All units are fully occupied, presenting an immediate and steady income stream for the savvy investor.

Last Agent to Sell the Property

Courtney Hoover

Compass License #SA674430000

Compass

Last Buyer's Agent

Christopher Doyle

Realty ONE Group License #SA670136000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $570

Year Built

  • Built in 2022

Lot Details

  • Additional Parcels

Parking

  • 20 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Concrete
  • Vinyl

Utilities

  • Cooling Available
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 1
  • Assessor Parcel Number 127-31-364

Community Details

Overview

  • 5 Units
  • Building Dimensions are 14996 square feet
  • Pinchot 34 Townhomes Subdivision

Building Details

  • Operating Expense $5,320
  • Gross Income $207,451
  • Net Operating Income $200,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$570

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Cross Street: PINCHOT AND 34TH ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2022
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: PINCHOT 34 TOWNHOMES
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Individual
  • Heating: Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 14996 square feet
  • Additional Parcels: Yes
  • Parcel #: 127-31-364

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 207450.72
  • Insurance Expense: 1250.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 200196.0
  • Annual Operating Expense: 5320.0

Tax Info

  • Tax Annual Amount: 570.0
  • Tax Book Number: 127.00
  • Tax Lot: 1

Map

Range of Values:

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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
03/20/2025 03/20/25 Sold $2,900,000 -6.5% --
03/07/2025 03/07/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $3,100,000 -- --
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 $16,671 -- -- --
2024 $3,296 $24,425 -- --
2023 $3,296 $40,810 $8,160 $32,650
2022 $570 $7,245 $7,245 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,600,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $2,900,000 Great American Title Agency
Special Warranty Deed -- None Listed On Document
Warranty Deed $3,200,000 Wfg National Title Insurance C
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6829412

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-31-364