$1,249,990
$1M PRICE INCREASE

Estimated payment $7,229/month

Total Views 1,501
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

Renovated in 2016, this fully occupied 7-unit property is enveloped by mature landscaping and shade trees.Built w/sturdy block construction, there are 4 1-bedroom, 1-bath units, 2 2-bedroom, 1-bath units & 1 two-bedroom, 2-bath unit. Nestled away from street noise, each unit includes a carport, extra parking, and storage spaces.This is an excellent investment opportunity to acquire a cash-flowing 7-unit complex in one of Phoenix's most sought-after rental markets, boasting a strong cap rate.Each unit is equipped with essential appliances (stove,fridge,dishwasher) ensuring convenience for every resident.The centrally located bldg within the complex features 2 leased washers & dryers, conveniently operated by coin or credit card,providing hassle-free access for all

Listing Agent

Paul Bruccoleri

Zion Realty, LLC License #BR548418000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,036

Year Built

  • Built in 1950

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 17 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 119-06-054

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 24,608

Building Details

  • Operating Expense $19,834
  • Gross Income $108,102
  • Net Operating Income $100,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,036

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Indian School and 24th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4498.0
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: >1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 17.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes

Fee Information

  • Annual Water Sewer Expense: 5000.0

Schools

  • Junior High Dist: Peoria Unified School District

Lot Info

  • Lot Size: 24,608
  • Additional Parcels: No
  • Parcel #: 119-06-054

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Annual Gross Income: 108101.88
  • Insurance Expense: 1800.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 100000.0
  • Annual Operating Expense: 19834.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 3036.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

Map

Range of Values:

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List Price
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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
04/22/2025 04/22/25 Price Changed $1,249,990 +792.9% --
04/03/2025 04/03/25 For Sale $139,990 -80.6% --
03/23/2016 03/23/16 Sold $720,000 -0.7% $516 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $725,000 -- $520 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6845883

Arizona Regional Multiple Listing Service (ARMLS)