$849,000

Estimated payment $4,627/month

Total Views 572
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • Cooling Available
  • Partially Fenced Property
  • Phoenix Coding Academy Rated A
  • Outdoor Storage
  • Desert Landscape

About This Home

Fully renovated and vacant 3-unit apartment community located in the desirable East Phoenix Submarket. Originally built in 1961, the property has undergone comprehensive interior + exterior upgrades, positioning it as a turnkey investment in a strong rental submarket. Interior upgrades include in-unit GE washer/dryer, quartz countertops, laminate wood-style flooring, brand-new shaker-style cabinetry, and walk-in tile showers. Exterior improvements include fresh paint, new asphalt, updated landscaping, and the addition of perimeter fencing and turf, enhancing curb appeal and while minimizing future capital needs. Each unit is currently fully vacant, providing a great opportunity for either an owner-occupant or investor to immediately implement a tailored leasing strategy. Owner/Agent

Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 04/15/2026

Co-Listing Agent

Kyle Inman

Matthews Real Estate Investment Services License #SA691658000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,508

Year Built

  • Built in 1961

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Parking Spaces
  • Carport
  • Parking Available
  • On-Street Parking

Outdoor Features

  • Outdoor Storage

Schools

  • Monte Vista Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 5
  • Assessor Parcel Number 120-22-005

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8964 sqft
  • Cardinal Tract Subdivision

Building Details

  • Operating Expense $4,308
  • Gross Income $53,600
  • Net Operating Income $41,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,508

Year Built

Built in 1961

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Thomas and 32nd St
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: MRE001
  • Co List Office Phone: 310-388-0788
  • Subdivision Name: CARDINAL TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Built-In Electric Oven

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Carport, On Street
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Monte Vista Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Lot Size: 8964 sqft
  • Additional Parcels: No
  • Parcel #: 120-22-005

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 3
  • Annual Gross Income: 53600.0
  • Insurance Expense: 2800.0
  • Property Net Operating Income: 41000.0
  • Annual Operating Expense: 4308.0

Tax Info

  • Tax Annual Amount: 1508.0
  • Tax Book Number: 120.0
  • Tax Lot: 5

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,508 $11,164 -- --
2024 $1,435 $10,633 -- --
2023 $1,435 $40,300 $8,060 $32,240
2022 $1,321 $30,280 $6,050 $24,230
2021 $1,358 $25,680 $5,130 $20,550
2020 $1,324 $21,360 $4,270 $17,090
2019 $1,316 $17,750 $3,550 $14,200
2018 $1,288 $16,150 $3,230 $12,920
2017 $1,237 $14,460 $2,890 $11,570
2016 $1,189 $12,480 $2,490 $9,990
2015 $1,107 $10,760 $2,150 $8,610
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2026 04/15/26 For Sale $849,000 +99.8% --
10/20/2025 10/20/25 Sold $425,000 0.0% $181 / Sq Ft View Prior Sale
09/17/2025 09/17/25 For Sale $425,000 -- $181 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 Arizona Premier Title
Special Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $194,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $382,500 Construction
Previous Owner $122,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7014168

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-22-005

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