$1,200,000
$100K PRICE DROP

Estimated payment $6,824/month

Total Views 2,456
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Central Heating
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

Super cool modern multi family with 4 modern detached bungalows + plans to build 4 additional 2 bedroom units* Large .56 acre lot* Sandblasted black exterior, steel roofs* Stained concrete floors throughout* Private backyard for each unit* Irrigated grass property with lots of privacy* Modern designed ready to build plans for 4 2 bedrooms units included with the purchase* Property will be ready to break ground by closing* Current rents avg $1465 per bungalow with projected rents over $2,000/unit for the new 2 bedroom units* Amazing mid town location* This is very special multi family properties!!! Don't miss out.

Listing Agent

Chris Lewis

Realty ONE Group License #SA519832000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,507

Year Built

  • Built in 1956

Home Design

  • Metal Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • North High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 15 / 2
  • Assessor Parcel Number 155-08-018

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 100' x 244'
  • Meadowbrook Tract Blk 1 Subdivision

Building Details

  • Operating Expense $5,957
  • Gross Income $68,922
  • Net Operating Income $63,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,507

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 12th Street and Campbell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2024
  • Directions: East on Campbell* South on Longview* Property on West side of Longview
  • Road Surface Type: Asphalt
  • Subdivision Name: MEADOWBROOK TRACT BLK 1
  • Cooling:Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, RV/Access Parking, Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation, City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 100' x 244'
  • Additional Parcels: No
  • Parcel #: 155-08-018

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 68922.42
  • Insurance Expense: 700.0
  • Maintenance Expense: 750.0
  • Property Net Operating Income: 63511.0
  • Annual Operating Expense: 5957.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1507.0
  • Tax Block: 2
  • Tax Book Number: 155.00
  • Tax Lot: 15

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 $1,507 $12,134 -- --
2024 $1,467 $11,556 -- --
2023 $1,467 $31,450 $6,290 $25,160
2022 $1,423 $23,200 $4,640 $18,560
2021 $1,435 $19,800 $3,960 $15,840
2020 $1,413 $19,380 $3,870 $15,510
2019 $1,382 $15,950 $3,190 $12,760
2018 $1,348 $13,800 $2,760 $11,040
2017 $1,284 $10,950 $2,190 $8,760
2016 $965 $8,420 $1,680 $6,740
2015 $896 $6,760 $1,350 $5,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Price Changed $1,200,000 -4.0% --
02/10/2025 02/10/25 Price Changed $1,250,000 -3.8% --
01/25/2025 01/25/25 For Sale $1,300,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed -- Accommodation
Warranty Deed $320,000 Landmark Title Assurance Age
Cash Sale Deed $103,000 Lsi Title Agency
Trustee Deed $175,329 None Available
Warranty Deed $300,000 Fidelity National Title
Quit Claim Deed -- Transnation Title
Warranty Deed $285,000 Transnation Title
Warranty Deed $82,000 First American Title
Interfamily Deed Transfer -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $206,000 Construction
Previous Owner $272,000 Commercial
Previous Owner $60,000 Commercial
Previous Owner $210,000 Purchase Money Mortgage
Previous Owner $228,000 Commercial
Previous Owner $107,000 Commercial
Closed $42,750 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6810721

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-08-018