$1,175,000
$175K PRICE DROP

Estimated payment $6,768/month

Total Views 2,181
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

Excellent investment opportunity! This 14-unit, garden-style property, built in 1946, offers a promising investment opportunity. The unit mix includes (9) Studio, (5) 1-bed/1-bath units The property presents a significant value-add opportunity, vacant interiors that are ready for renovation. The location is advantageous right on US 60/Grand with easy access to I-10, I-17, and Loop 202, it ensures quick commutes to key areas. Situated west of downtown Phoenix, it's just minutes from Phoenix Sky Harbor Airport. The property presents a significant value-add opportunity. Don't miss this chance to invest in a promising location with significant upside potential. The property has deferred maintenance and needs a full remodel but a great value at this list price. Hurry won't last! To help visualize this home's floor-plan and to highlight its potential, virtually renovated photos may have been added to this listing.

Listing Agent

Joseph Mahoney

JM Realty License #BR561411000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,516

Year Built

  • Built in 1946

Home Design

  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Vinyl

Parking

  • 1,425 Open Parking Spaces
  • 1,425 Parking Spaces

Schools

  • Abraham Lincoln Traditional Elementary School
  • Alhambra Traditional Middle School
  • Alhambra High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 108-04-003-H

Community Details

Overview

  • 2 Buildings
  • 14 Units
  • Building Dimensions are 200 X 200 X 148 X 282
  • Alhambra Amd Subdivision

Building Details

  • Operating Expense $2,516

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,516

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: Grand & Osborn
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: I1
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2023
  • Directions: Grand to 31st Ave, property on SE corner.
  • Road Surface Type: Asphalt
  • Subdivision Name: ALHAMBRA AMD
  • Tax Parcel Letter: H
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 1425.0
  • Total Parking Spaces: 1425.0
  • General Property Description:Uncvrd Parking Spcs: 1425.0
  • General Property Description:Total Parking Spcs: 1425.0

Utilities

  • Electric: APS
  • Cooling: None
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Abraham Lincoln Traditional School
  • High School: Alhambra High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Alhambra Traditional School

Lot Info

  • Lot Size: 200 X 200 X 148 X 282
  • Additional Parcels: No
  • Parcel #: 108-04-003-H

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 14
  • Annual Operating Expense: 2516.0

Tax Info

  • Tax Annual Amount: 2516.0
  • Tax Book Number: 108.00
  • Tax Lot: 12

Map

Range of Values:

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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
03/05/2025 03/05/25 Price Changed $1,175,000 -2.1% --
01/24/2025 01/24/25 Price Changed $1,200,000 -4.0% --
12/12/2024 12/12/24 Price Changed $1,250,000 -3.5% --
12/07/2024 12/07/24 For Sale $1,295,000 0.0% --
11/13/2024 11/13/24 Pending -- -- --
10/14/2024 10/14/24 Price Changed $1,295,000 -4.1% --
09/23/2024 09/23/24 For Sale $1,350,000 +86.0% --
05/17/2021 05/17/21 Sold $726,000 +10.0% --
04/29/2021 04/29/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $660,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6760869

Arizona Regional Multiple Listing Service (ARMLS)