$835,000

Estimated payment $4,845/month

Total Views 1,677
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating

About This Home

A charming 4-unit garden-style apartment building, built in 1974, located in Phoenix, Arizona. The property features a mix of unit types, including three 2-bedroom, 1-bath units and one 3-bedroom, 1.5-bath unit, offering versatility for tenants. Each unit boasts dedicated garage parking and private backyards, providing added convenience and outdoor space. Additionally, the property includes an on-site laundry facility, enhancing tenant amenities. This property presents a prime value-add opportunity through both interior and exterior renovations, allowing investors to increase rental income and property value.

Listing Agent

Dallin Hammond

ABI Multifamily License #SA677560000

Co-Listing Agent

Carson Griesemer

ABI Multifamily License #SA686764000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,220

Year Built

  • Built in 1974

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 150-09-894

Community Details

Overview

  • 4 Units
  • Building Dimensions are 82.86x110.18x60.09x15.89x191.88
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $3,940
  • Gross Income $75,293
  • Net Operating Income $54,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,220

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2024
  • Road Surface Type: Gravel
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Built-In Range, Disposal, Refrigerator, Built-In Gas Oven, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Garage Door Opener, >1 Space Per Unit, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 82.86x110.18x60.09x15.89x191.88
  • Additional Parcels: No
  • Parcel #: 150-09-894

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 75292.8
  • Property Net Operating Income: 54250.0
  • Annual Operating Expense: 3940.0
  • Vacancy Allowance Rate: 0.07

Tax Info

  • Tax Annual Amount: 2220.0
  • Tax Book Number: 150.00
  • Tax Lot: 27

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

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 $2,220 $18,155 -- --
2024 $2,180 $17,291 -- --
2023 $2,180 $42,850 $8,570 $34,280
2022 $2,109 $30,960 $6,190 $24,770
2021 $2,136 $29,300 $5,860 $23,440
2020 $2,083 $27,870 $5,570 $22,300
2019 $2,045 $23,150 $4,630 $18,520
2018 $1,991 $21,050 $4,210 $16,840
2017 $1,981 $18,260 $3,650 $14,610
2016 $1,945 $16,350 $3,270 $13,080
2015 $1,801 $16,410 $3,280 $13,130
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 For Sale $835,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title Agency Inc
Warranty Deed -- None Available
Interfamily Deed Transfer -- Chicago Title Agency Inc
Interfamily Deed Transfer -- Chicago Title Agency Inc
Warranty Deed -- Chicago Title Agency Inc
Warranty Deed $300,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency
Cash Sale Deed $248,200 Security Title Agency
Warranty Deed -- --
Warranty Deed $177,000 North American Title Agency
Warranty Deed $148,000 Transnation Title Ins Co
Joint Tenancy Deed $122,000 United Title Agency
Deed In Lieu Of Foreclosure -- United Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,336,500 Construction
Previous Owner $189,000 New Conventional
Previous Owner $181,556 Credit Line Revolving
Previous Owner $144,172 FHA
Previous Owner $119,428 FHA
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6840442

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-894