$482,000
SOLD APR 21, 2025
-- Bed
-- Bath
1,050 Sq Ft
6,752 Sq Ft Lot

Recently Sold

$459 Per Sq Ft

20% Below List Price

80 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2025

*Gross Cap Rate of 8.6%*

2 Unit Property With 2 Buildings on 1 Parcel. Front Building Built in 1920 & Renovated in 2024, Casita Built in 2024.
*Attractive Unit Mix That Consists of (1) 2-Bed / 2-Bath Casita, (1) 3-Bed / 2-Bath SFH
Each Unit Features a Fully Upgraded Interior With White or Black Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliance Package, & In-Suite Washer / Dryer in Each Unit. Exterior Upgrades Include New Paint & Stucco, New AC Units, & Private Backyard Areas for Each Unit

Located Just Outside FQ Story Neighborhood Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Rachelle McGee

eXp Realty License #SA681506000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $511

Year Built

  • Built in 1920

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 111-26-010

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 6,771
  • Capitola Place Subdivision

Building Details

  • Operating Expense $511
  • Gross Income $48,240
  • Net Operating Income $35,653

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$511

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1920
  • Tax Year: 2024
  • Road Surface Type: Dirt, Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CAPITOLA PLACE
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6,771
  • Additional Parcels: No
  • Parcel #: 111-26-010

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 48240.0
  • Property Net Operating Income: 35653.0
  • Annual Operating Expense: 511.0

Tax Info

  • Tax Annual Amount: 511.0
  • Tax Book Number: 111.00
  • 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
04/21/2025 04/21/25 Sold $482,000 +1.0% $459 / Sq Ft
02/26/2025 02/26/25 Price Changed $477,000 -2.1% $454 / Sq Ft
02/25/2025 02/25/25 Price Changed $487,000 -1.2% $464 / Sq Ft
02/11/2025 02/11/25 Price Changed $492,700 -1.4% $469 / Sq Ft
02/05/2025 02/05/25 Price Changed $499,700 0.0% $476 / Sq Ft
01/21/2025 01/21/25 Price Changed $499,800 0.0% $476 / Sq Ft
01/16/2025 01/16/25 Price Changed $499,900 -10.6% $476 / Sq Ft
01/02/2025 01/02/25 Price Changed $559,000 +1.6% $532 / Sq Ft
01/02/2025 01/02/25 Price Changed $550,000 -8.2% $524 / Sq Ft
12/20/2024 12/20/24 Price Changed $598,900 -0.2% $570 / Sq Ft
12/20/2024 12/20/24 For Sale $600,000 +144.9% $571 / Sq Ft
04/29/2021 04/29/21 Sold $245,000 -17.5% $233 / Sq Ft
04/24/2021 04/24/21 For Sale $297,000 0.0% $283 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $297,000 +39.1% $283 / Sq Ft
04/10/2020 04/10/20 Sold $213,500 -0.2% $203 / Sq Ft
04/02/2020 04/02/20 For Sale $214,000 0.0% $204 / Sq Ft
04/02/2020 04/02/20 Price Changed $214,000 0.0% $204 / Sq Ft
02/20/2020 02/20/20 Price Changed $214,000 -8.9% $204 / Sq Ft
01/15/2020 01/15/20 For Sale $235,000 +57.7% $224 / Sq Ft
09/08/2017 09/08/17 Sold $149,000 -6.3% $142 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
08/02/2017 08/02/17 Price Changed $159,000 -5.9% $151 / Sq Ft
07/14/2017 07/14/17 Price Changed $169,000 -3.4% $161 / Sq Ft
06/24/2017 06/24/17 For Sale $175,000 0.0% $167 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
05/20/2017 05/20/17 For Sale $175,000 -- $167 / Sq Ft
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 $511 $3,823 -- --
2024 $506 $3,641 -- --
2023 $506 $21,060 $4,210 $16,850
2022 $488 $16,480 $3,290 $13,190
2021 $485 $10,500 $2,100 $8,400
2020 $438 $9,850 $1,970 $7,880
2019 $489 $8,120 $1,620 $6,500
2018 $481 $9,280 $1,850 $7,430
2017 $470 $7,570 $1,510 $6,060
2016 $456 $8,060 $1,610 $6,450
2015 $422 $5,180 $1,030 $4,150
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $473,269 FHA
Previous Owner $750,000 New Conventional
Previous Owner $294,000 Construction
Previous Owner $213,500 New Conventional
Previous Owner $165,000 New Conventional
Previous Owner $126,650 New Conventional
Previous Owner $68,700 Stand Alone Second
Previous Owner $15,600 Stand Alone Second
Previous Owner $124,800 Unknown
Previous Owner $143,100 Seller Take Back
Previous Owner $98,000 New Conventional
Previous Owner $104,500 Purchase Money Mortgage
Previous Owner $104,500 Purchase Money Mortgage
Closed $28,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $482,000 Great American Title Agency
Warranty Deed $245,000 West Title
Warranty Deed $213,500 Thomas Title And Escrow
Special Warranty Deed $149,000 Empire West Title Agency Llc
Cash Sale Deed $33,000 Old Republic Title Agency
Cash Sale Deed $26,000 First American Title Ins Co
Cash Sale Deed $20,000 North American Title Company
Trustee Deed $94,500 None Available
Warranty Deed -- Ticor Title Agency Of Az Inc
Warranty Deed $140,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $110,000 Capital Title Agency Inc
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6796356

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-010