$1,120,000

Estimated payment $6,328/month

Total Views 1,872
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Central Heating
  • Vinyl Flooring

About This Home

The unit mix includes 3 1-bedroom/1-bathroom apartments and 1 larger 2-bedroom/1-bathroom. Each Unit has washer and dryer and individually metered for electricity. The property's prime location places it less than three miles from Arizona State University's main campus and the vibrant Tempe Town Lake, making it an ideal choice for students, young professionals, and families alike. Can be purchased with fourplex next door 7232 E Belleview St.

Listing Agent

Dallin Hammond

ABI Multifamily License #SA677560000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $925

Year Built

  • Built in 1962

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Cooling Available
  • Central Heating
  • Individual Controls for Heating

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 165
  • Assessor Parcel Number 131-38-006-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 53.26x130.51x53.26x130.51
  • New Papago Parkway 9 Subdivision

Building Details

  • Operating Expense $925
  • Gross Income $71,440
  • Net Operating Income $61,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$925

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Road Surface Type: Gravel
  • Subdivision Name: NEW PAPAGO PARKWAY 9
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Disposal, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Individual
  • Heating: Individual, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 53.26x130.51x53.26x130.51
  • Additional Parcels: Yes
  • Parcel #: 131-38-006-B

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 71440.0
  • Property Net Operating Income: 61570.0
  • Annual Operating Expense: 925.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 925.0
  • Tax Book Number: 131.00
  • Tax Lot: 165

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 $925 $13,490 -- --
2024 $915 $12,848 -- --
2023 $915 $69,650 $13,930 $55,720
2022 $867 $50,010 $10,000 $40,010
2021 $920 $40,510 $8,100 $32,410
2020 $912 $37,410 $7,480 $29,930
2019 $882 $32,110 $6,420 $25,690
2018 $854 $26,160 $5,230 $20,930
2017 $819 $22,820 $4,560 $18,260
2016 $804 $17,420 $3,480 $13,940
2015 $765 $16,550 $3,310 $13,240
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 For Sale $1,120,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $1,700,000 Commonwealth Land Title
Special Warranty Deed -- None Available
Trustee Deed -- None Available
Warranty Deed $437,750 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $184,000 Unknown
Previous Owner $325,000 Purchase Money Mortgage
Previous Owner $126,000 Unknown
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6836696

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-38-006B