$940,000
SOLD MAR 14, 2025
-- Bed
-- Bath
2,184 Sq Ft
7,797 Sq Ft Lot

Recently Sold

$430 Per Sq Ft

18% Below List Price

27 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 5-minute walk to Kid Street Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of March 2025

4421 & 4423 N 23rd Avenue consists of (2) triplexes, (6) total units, was originally built in 1961 and is of block construction. The unit mix is comprised of 100% 2-Bed / 1-Bath units with spacious layouts averaging 730sf. The property features covered parking for residents along with a fenced in community courtyard. All units have private back patios along with washer / dryer hookups. The asset is in clean value-add condition, (3) of the units have recently been turned. With longer term tenants in-place, the purchaser has the option to continue cash-flowing or doing more significant upgrades as leases expire.

The property is situated within a half mile of the nearest I17 on-ramp and just minutes to downtown Phoenix, with immediate access to the light-rail as well.

Last Agent to Sell the Property

Carson Griesemer

ABI Multifamily License #SA686764000

Last Buyer's Agent

Anna Van Ham

W and Partners, LLC License #BR651440000

W and Partners, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,150

Year Built

  • Built in 1961

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 12 Open Parking Spaces
  • 20 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 154-16-004-D

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 130ft x 120ft
  • Tierra Frutal Subdivision

Building Details

  • Operating Expense $1,150
  • Gross Income $84,826
  • Net Operating Income $62,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,150

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Camelback Road & 23rd Avenue
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2024
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: TIERRA FRUTAL
  • Tax Parcel Letter: D
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Other, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Paved, Carport
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, Electric, Individual
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 130ft x 120ft
  • Additional Parcels: Yes
  • Parcel #: 154-16-004-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 84825.6
  • Property Net Operating Income: 62463.0
  • Annual Operating Expense: 1150.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1150.0
  • Tax Book Number: 154.00
  • Tax Lot: 3

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
03/14/2025 03/14/25 Sold $940,000 -15.6% $430 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
01/27/2025 01/27/25 Price Changed $1,114,000 -2.6% $510 / Sq Ft
01/07/2025 01/07/25 For Sale $1,144,000 +432.1% $524 / Sq Ft
11/15/2018 11/15/18 Sold $215,000 -6.1% $98 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
09/17/2018 09/17/18 Price Changed $229,000 -4.6% $105 / Sq Ft
08/23/2018 08/23/18 Price Changed $240,000 -1.6% $110 / Sq Ft
08/22/2018 08/22/18 Price Changed $244,000 -2.0% $112 / Sq Ft
08/18/2018 08/18/18 For Sale $249,000 0.0% $114 / Sq Ft
08/04/2018 08/04/18 Pending -- -- --
07/21/2018 07/21/18 For Sale $249,000 0.0% $114 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
06/09/2018 06/09/18 For Sale $249,000 -- $114 / 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 $1,150 $8,004 -- --
2024 $1,155 $7,623 -- --
2023 $1,155 $30,720 $6,140 $24,580
2022 $1,138 $23,200 $4,640 $18,560
2021 $1,148 $20,120 $4,020 $16,100
2020 $1,104 $17,380 $3,470 $13,910
2019 $1,090 $14,580 $2,910 $11,670
2018 $1,007 $12,500 $2,500 $10,000
2017 $994 $11,220 $2,240 $8,980
2016 $952 $9,520 $1,900 $7,620
2015 $901 $8,010 $1,600 $6,410
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,500 New Conventional
Previous Owner $121,000 New Conventional
Previous Owner $129,000 New Conventional
Previous Owner $87,750 New Conventional
Previous Owner $200,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $114,000 Unknown
Previous Owner $57,750 Seller Take Back
Previous Owner $217,425 Purchase Money Mortgage
Previous Owner $167,930 New Conventional
Previous Owner $131,250 New Conventional
Closed $59,970 No Value Available
Closed $57,980 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $470,000 Pioneer Title Agency
Deed -- None Listed On Document
Warranty Deed $215,000 Chicago Title Agency Inc
Warranty Deed $117,000 Driggs Title Agency Inc
Interfamily Deed Transfer -- Driggs Title Agency Inc
Warranty Deed -- Driggs Title Agency Inc
Special Warranty Deed $82,500 Greystone Title Agency
Warranty Deed -- None Available
Cash Sale Deed $185,000 Camelback Title Agency Llc
Special Warranty Deed $165,000 Capital Title Agency Inc
Warranty Deed $289,900 --
Warranty Deed $239,900 --
Warranty Deed $175,000 Security Title Agency Inc
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6801232

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-16-004D