$845,000
SOLD NOV 16, 2024

501 W Mohave St Phoenix, AZ 85003

Central City Neighborhood
-- Bed
-- Bath
-- Sq Ft
10,498 Sq Ft Lot

Recently Sold

10 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Carpet

About This Home

As of November 2024

This duplex has 2 units, both units have 5 bedrooms and 2.5 baths each. Both are rented with guaranteed $3,028.08 per unit (including tax) a month from the city of Phoenix with 1 year leases in place. Each unit has the primary bedroom downstairs along with the kitchen, family room and 1/2 bath. There are 4 bedrooms and a bathroom upstairs along with a walkout balcony that over looks downtown Phoenix. These are all new construction and come with a 1 year full builder warranty. Both units have a large 2 car carport and small private backyard as well, each unit is separately meter for water and electric both.

Last Agent to Sell the Property

Jeremy Behie

Realty Executives License #SA712948000

Realty Executives

Co-Listed By

Lenny Behie

Realty Executives License #SA646088000

Last Buyer's Agent

Anthony Provinzino

HomeSmart License #SA710872000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,023

Year Built

  • Built in 2024

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Silvestre S Herrera Elementary And Middle School
  • Central High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, landscaping
  • Legal Lot and Block 1 / 6
  • Assessor Parcel Number 112-37-120

Community Details

Overview

  • 2 Units
  • Building Dimensions are Rectangular
  • Saguaro Tract Subdivision

Building Details

  • Operating Expense $4,523
  • Gross Income $72,673
  • Net Operating Income $68,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,023

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Cross Street: 7th Ave & I17 freeway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2024
  • Tax Year: 571
  • Directions: 7th ave to Mohave and east to the building
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reax33
  • Co List Office Phone: 623-561-8800
  • Subdivision Name: SAGUARO TRACT
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Silvestre S Herrera School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Silvestre S Herrera School

Lot Info

  • Lot Size: Rectangular
  • Additional Parcels: No
  • Parcel #: 112-37-120

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 72673.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 68150.0
  • Annual Operating Expense: 4523.0

Tax Info

  • Tax Annual Amount: 2023.0
  • Tax Block: 6
  • Tax Book Number: 112.00
  • Tax Lot: 1

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
11/16/2024 11/16/24 Sold $845,000 0.0% --
10/03/2024 10/03/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $845,000 -- --
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 $576 $4,310 $4,310 --
2024 $571 $4,105 $4,105 --
2023 $571 $11,025 $11,025 $0
2022 $550 $7,065 $7,065 $0
2021 $546 $5,985 $5,985 $0
2020 $553 $5,130 $5,130 $0
2019 $552 $3,750 $3,750 $0
2018 $542 $3,255 $3,255 $0
2017 $530 $3,420 $3,420 $0
2016 $515 $3,195 $3,195 $0
2015 $508 $3,408 $3,408 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $633,750 New Conventional
Closed $633,750 New Conventional
Closed $473,726 New Conventional
Previous Owner $170,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $845,000 First American Title Insurance
Warranty Deed $845,000 First American Title Insurance
Warranty Deed $170,000 Title Alliance Of Arizona
Warranty Deed $65,000 Lawyers Title Of Arizona Inc
Cash Sale Deed $25,000 First American Title
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6761108

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-37-120

Arizona Maricopa County Phoenix 85003 Central City

501 W Mohave St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 501 W Mohave St, Phoenix, AZ 85003 and is currently priced at $845,000. This property was built in 2024. 501 W Mohave St is a home located in Maricopa County with nearby schools including Lowell School, Phoenix Coding Academy, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393