3301 W Harmont Dr Phoenix, AZ 85051
North Mountain Village NeighborhoodHighlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
About This Home
As of March 2025Looking for a solid cash-flowing asset in Phoenix? This 4-plex is a must-see! Currently generating $4,000 per month in gross rental income from three fully-occupied units, this property offers a fantastic opportunity for investors looking to maximize returns.
But that's not all - there's huge potential for value-add! The fourth unit is available for house hacking, either by living in it yourself or renting it out for even more income. With the possibility of grossing $5,700 per month once the fourth unit is rented, this property is primed for cash flow expansion.
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,223
Year Built
- Built in 1974
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- 4 Covered Spaces
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 14
- Assessor Parcel Number 150-09-881
Community Details
Overview
- 4 Units
- Building Dimensions are 8,760 sq ft
- Northern Lanai Unit 1 Subdivision
Building Details
- Operating Expense $3,783
- Gross Income $68,400
- Net Operating Income $64,617
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2025 03/05/25 | Sold | $858,500 | -2.3% | $954 / Sq Ft |
| 01/31/2025 01/31/25 | Pending | -- | -- | -- |
| 01/09/2025 01/09/25 | For Sale | $879,000 | 0.0% | $977 / Sq Ft |
| 10/08/2024 10/08/24 | Off Market | $1,350 | -- | -- |
| 09/17/2024 09/17/24 | Price Changed | $1,350 | +3.8% | $2 / Sq Ft |
| 09/04/2024 09/04/24 | For Rent | $1,300 | -7.1% | -- |
| 09/04/2024 09/04/24 | For Rent | $1,400 | -- | -- |
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 | $2,223 | $18,174 | -- | -- |
| 2024 | $2,182 | $17,309 | -- | -- |
| 2023 | $2,182 | $42,920 | $8,580 | $34,340 |
| 2022 | $2,111 | $31,020 | $6,200 | $24,820 |
| 2021 | $2,138 | $29,370 | $5,870 | $23,500 |
| 2020 | $2,085 | $27,950 | $5,590 | $22,360 |
| 2019 | $2,047 | $23,180 | $4,630 | $18,550 |
| 2018 | $1,993 | $21,070 | $4,210 | $16,860 |
| 2017 | $1,983 | $18,280 | $3,650 | $14,630 |
| 2016 | $1,947 | $16,370 | $3,270 | $13,100 |
| 2015 | $1,803 | $16,420 | $3,280 | $13,140 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $383,166 | New Conventional | |
| Previous Owner | $241,416 | New Conventional | |
| Previous Owner | $259,055 | FHA | |
| Previous Owner | $262,500 | Purchase Money Mortgage | |
| Previous Owner | $216,000 | Purchase Money Mortgage | |
| Previous Owner | $216,000 | Purchase Money Mortgage | |
| Previous Owner | $165,000 | New Conventional | |
| Previous Owner | $144,000 | New Conventional | |
| Closed | $37,500 | No Value Available |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $858,500 | Wfg National Title Insurance C | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Warranty Deed | $510,888 | Old Republic Title | |
| Deed | -- | Old Republic Title Agency | |
| Warranty Deed | $321,888 | Old Republic Title Agency | |
| Warranty Deed | -- | Grand Canyon Title Agency | |
| Cash Sale Deed | $121,000 | Security Title Agency | |
| Trustee Deed | $270,423 | Accommodation | |
| Warranty Deed | $375,000 | -- | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Warranty Deed | $275,000 | Fidelity National Title | |
| Warranty Deed | $207,000 | Stewart Title & Trust | |
| Warranty Deed | $188,000 | Ati Title Agency |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6802584
APN: 150-09-881
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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