$599,000

Estimated payment $3,411/month

Total Views 1,862
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

Recently renovated property at 751 E Southern Ave, Phoenix, AZ 85040 featuring a front duplex and a detached 2bd/2ba home in the rear. Duplex units are 1bd/1ba, approx. 600 sq ft each with fenced yards. The detached home offers 860 sq ft, a laundry room, and covered patio. Fully updated in 2023 with new appliances, fixtures, plumbing, flooring, AC, and roof. Duplex units partially updated 2023-2024 with a new roof. Zoned with potential to add 2 units for increased income. Live in one, rent the others. Located in a growing area with easy access to highways, transit, schools, and parks. Great long-term investment opportunity!

Listing Agent

Max Phillips

Keller Williams Realty Phoenix License #SA706828000

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $799

Year Built

  • Built in 1974

Home Design

  • Wood Frame Construction

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Amy L. Houston Academy Elementary School
  • Bernard Black Elementary Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 114-26-005

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 21333
  • Roosevelt Park 1 7 Subdivision

Building Details

  • Operating Expense $799
  • Gross Income $50,160
  • Net Operating Income $43,244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$799

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: m-m
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2024
  • Directions: Please contact Agent for Showings. Please do not disturb Tenants.
  • Road Surface Type: Gravel
  • Subdivision Name: ROOSEVELT PARK 1-7
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Siding, Wood Frame
  • Roof: See Remarks

Garage/Parking

  • Parking Features: <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: City Electric
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Amy L. Houston Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Bernard Black Elementary School

Lot Info

  • Lot Size: 21333
  • Additional Parcels: No
  • Parcel #: 114-26-005

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 50160.0
  • Property Net Operating Income: 43243.84
  • Annual Operating Expense: 799.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 799.0
  • Tax Book Number: 114.00
  • 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

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 $799 $5,439 -- --
2024 $776 $5,180 -- --
2023 $776 $26,870 $5,370 $21,500
2022 $761 $18,260 $3,650 $14,610
2021 $776 $15,780 $3,150 $12,630
2020 $767 $13,970 $2,790 $11,180
2019 $742 $13,220 $2,640 $10,580
2018 $722 $10,520 $2,100 $8,420
2017 $688 $8,610 $1,720 $6,890
2016 $654 $7,220 $1,440 $5,780
2015 $616 $4,910 $980 $3,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 For Sale $599,000 +50.1% --
04/22/2022 04/22/22 Sold $399,000 0.0% $326 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $399,000 +369.4% $326 / Sq Ft
05/23/2014 05/23/14 Sold $85,000 -10.4% $69 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
09/28/2013 09/28/13 For Sale $94,900 -- $77 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- Clear Title Agency Of Arizona
Warranty Deed $399,000 Pioneer Title
Interfamily Deed Transfer -- Magnus Title Agency
Cash Sale Deed $95,000 U S Title Agency Llc
Cash Sale Deed $85,000 American Title Service Agenc
Special Warranty Deed -- Security Title Agency
Quit Claim Deed -- None Available
Trustee Deed $36,100 Accommodation
Quit Claim Deed -- Accommodation
Warranty Deed $225,000 Westland Title Agency Of Az
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $360,500 New Conventional
Previous Owner $176,000 New Conventional
Previous Owner $90,300 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Previous Owner $27,075 Seller Take Back
Previous Owner $119,000 Balloon
Previous Owner $221,866 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6846598

Arizona Regional Multiple Listing Service (ARMLS)

APN: 114-26-005