5112 N 28th Dr Phoenix, AZ 85017
Grandview NeighborhoodHighlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
As of March 2025Discover Investment Potential Next to Grand Canyon University-Exterior Repairs Underway-Photos will follow
Welcome to 5112 N 28th Dr, Phoenix, where opportunity meets convenience right next to Grand Canyon University. This triplex presents a lucrative investment opportunity with repairs currently underway, ensuring enhanced value and tenant satisfaction.
Each unit is individually metered for electric, providing tenants with the convenience of managing their utilities independently. Covered parking adds a sought-after amenity, shielding vehicles from the elements and enhancing tenant comfort. The triplex boasts newer air conditioning units, offering efficient climate control to residents year-round. Discover Investment Potential Next to Grand Canyon University
Welcome to 5112 N 28th Dr, Phoenix, where opportunity meets convenience right next to Grand Canyon University. This triplex presents a lucrative investment opportunity with repairs currently underway, ensuring enhanced value and tenant satisfaction.
Each unit is individually metered for electric, providing tenants with the convenience of managing their utilities independently. Covered parking adds a sought-after amenity, shielding vehicles from the elements and enhancing tenant comfort. The triplex boasts newer air conditioning units, offering efficient climate control to residents year-round.
Currently, the property enjoys full occupancy, reflecting its appeal and stable income potential. This high-demand location ensures a steady flow of prospective tenants, making it a strategic addition to any investor's portfolio.
Don't miss out on this prime opportunity to capitalize on the thriving rental market near Grand Canyon University. Whether you're expanding your investment portfolio or seeking a reliable income stream, 5112 N 28th Dr promises exceptional returns and long-term value.
Disclaimer: All repairs and property details subject to verification. Potential buyers advised to conduct their own due diligence.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,308
Year Built
- Built in 1974
Home Design
- Composition Roof
- Stone Exterior Construction
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Concrete
- Ceramic Tile
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- Carport
Schools
- Alhambra High School
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 2
- Assessor Parcel Number 153-28-003-D
Community Details
Overview
- 3 Units
- Building Dimensions are 8,351 Ft
- Homeland Block 1 Subdivision
Building Details
- Operating Expense $8,059
- Gross Income $41,322
- Net Operating Income $30,353
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | Sold | $725,000 | -8.8% | $335 / Sq Ft |
| 03/01/2025 03/01/25 | Pending | -- | -- | -- |
| 02/16/2025 02/16/25 | For Sale | $795,000 | -- | $367 / Sq Ft |
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 | $1,308 | $9,108 | -- | -- |
| 2024 | $1,315 | $8,674 | -- | -- |
| 2023 | $1,315 | $28,610 | $5,720 | $22,890 |
| 2022 | $1,294 | $22,150 | $4,430 | $17,720 |
| 2021 | $1,306 | $20,310 | $4,060 | $16,250 |
| 2020 | $1,256 | $17,760 | $3,550 | $14,210 |
| 2019 | $1,240 | $14,910 | $2,980 | $11,930 |
| 2018 | $1,145 | $13,450 | $2,690 | $10,760 |
| 2017 | $1,131 | $12,230 | $2,440 | $9,790 |
| 2016 | $1,083 | $10,160 | $2,030 | $8,130 |
| 2015 | $1,025 | $8,610 | $1,720 | $6,890 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $148,100 | New Conventional | |
| Previous Owner | $135,000 | Unknown | |
| Previous Owner | $124,000 | New Conventional | |
| Closed | $31,000 | No Value Available |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $725,000 | Wfg National Title Insurance C | |
| Special Warranty Deed | -- | None Listed On Document | |
| Cash Sale Deed | $78,000 | Magnus Title Agency | |
| Cash Sale Deed | $59,000 | The Talon Group | |
| Quit Claim Deed | -- | The Talon Group | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $197,500 | Security Title Agency Inc | |
| Trustee Deed | $159,800 | Great American Title Agency | |
| Warranty Deed | $155,000 | Capital Title Agency Inc | |
| Quit Claim Deed | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6821720
APN: 153-28-003D
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.
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
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