$800,000

Estimated payment $4,560/month

Total Views 3,532
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

Incredible, fully furnished investment opportunity in one of the hottest areas of Phoenix! This charming property features 2 fully renovated units and will be sold as a package with 4132 N 3rd Ave. (MLS# 6829395). Located in the heart of Midtown, where historic charm meets some of the city's best dining, shopping, and entertainment. Inside the updated units are stylish wood-look tile flooring, and spacious living and dining areas. Both units are individually metered and include all new Low-E windows, new doors, and brand-new water heaters. The updated kitchens offer shaker cabinets, granite countertops, and stainless steel appliances. Each bedroom is filled with natural light and features walk-in closets and upgraded ceiling fans. Bathrooms have been fully remodeled with upscale finishes. With an unbeatable location near top restaurants and shopping, this is a property you won't want to miss! The property is nestled perfectly in between the I-10, Highway 51, and Black Canyon Freeway providing easy access all over the Valley.

Listing Agent

David Pullon

Real Broker License #SA538359000

Real Broker

Co-Listing Agent

Kelly Cook

Real Broker License #SA562405000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,139

Year Built

  • Built in 1950

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Vinyl Flooring

Parking

  • 2 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 155-32-056

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6720 sq ft
  • Indian Park Subdivision

Building Details

  • Operating Expense $1,139
  • Gross Income $55,200
  • Net Operating Income $46,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,139

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Central Ave & Indian School Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2024
  • Directions: Head south on Central Ave towards Indian School Rd. Turn right onto Indian School Rd & right on 3rd Ave. Property is on the left.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: realbr010
  • Co List Office Phone: 480-442-9868
  • Subdivision Name: INDIAN PARK
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air
  • 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

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:Furnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6720 sq ft
  • Additional Parcels: No
  • Parcel #: 155-32-056

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 55200.0
  • Property Net Operating Income: 46000.0
  • Annual Operating Expense: 1139.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1139.0
  • Tax Book Number: 155.00
  • Tax Lot: 56

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 $1,139 $9,073 -- --
2024 $1,100 $8,641 -- --
2023 $1,100 $37,080 $7,410 $29,670
2022 $1,094 $30,680 $6,130 $24,550
2021 $1,112 $28,350 $5,670 $22,680
2020 $1,084 $23,200 $4,640 $18,560
2019 $1,037 $16,720 $3,340 $13,380
2018 $1,003 $13,370 $2,670 $10,700
2017 $921 $13,510 $2,700 $10,810
2016 $888 $10,030 $2,000 $8,030
2015 $826 $7,980 $1,590 $6,390
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 For Sale $800,000 +14.3% --
04/14/2022 04/14/22 Sold $700,000 -3.4% $412 / Sq Ft
02/25/2022 02/25/22 For Sale $725,000 +103.7% $426 / Sq Ft
01/29/2020 01/29/20 Sold $356,000 +0.3% $209 / Sq Ft
01/10/2020 01/10/20 For Sale $355,000 0.0% $209 / Sq Ft
01/10/2020 01/10/20 Price Changed $355,000 0.0% $209 / Sq Ft
01/07/2020 01/07/20 For Sale $355,000 0.0% $209 / Sq Ft
01/07/2020 01/07/20 Price Changed $355,000 0.0% $209 / Sq Ft
09/30/2019 09/30/19 For Sale $355,000 -- $209 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $700,000 Stewart Title & Trust Of Phoen
Warranty Deed $356,000 Security Title Agency Inc
Warranty Deed $288,000 Capital Title Agency
Warranty Deed $436,894 Security Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 New Conventional
Closed $525,000 New Conventional
Previous Owner $267,000 New Conventional
Previous Owner $91,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6829392

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-32-056