$2,080,000

Estimated payment $12,369/month

Total Views 1,844
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Washington High School Rated A-
  • Ceiling Fan

About This Home

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is Rose Vista, a, 11-unit apartment community, just south of the 19th Avenue and Northern Avenue intersection in a desirable residential neighborhood, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management.
Completed in 1961 and 2011 , Rose Vista is comprised of 4 one-bedroom (36%) and 7 two-bedroom (64%) floorplans, offering an average of ±859 square feet. All units include direct access car-ports, private back patios and in-suite (2011 Built) or back-patio washer/ dryers. Future ownership will have the opportunity to renovate the 9 classic units and capitalize on the rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area.

Listing Agent

Paul Bay

Marcus & Millichap License #SA671037000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,114

Year Built

  • Built in 1961

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 15 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 157-19-009-J

Community Details

Overview

  • 6 Buildings
  • 11 Units
  • Building Dimensions are 0.87

Building Details

  • Operating Expense $58,375
  • Gross Income $200,395
  • Net Operating Income $142,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,114

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 8043.0
  • Tax Parcel Letter: J
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 15.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 0.87
  • Additional Parcels: No
  • Parcel #: 157-19-009-J

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 11
  • Electric Expense: 12158.0
  • Annual Gross Income: 200394.84
  • Insurance Expense: 6600.0
  • Maintenance Expense: 6600.0
  • Property Net Operating Income: 142704.0
  • Annual Operating Expense: 58375.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 9114.0
  • Tax Book Number: 157.00
  • Tax Lot: 23

Map

Range of Values:

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Average Value
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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
03/17/2025 03/17/25 For Sale $2,080,000 +69.8% --
05/04/2018 05/04/18 Sold $1,225,000 -5.5% $1,289 / Sq Ft
01/08/2018 01/08/18 Price Changed $1,296,000 -0.1% $1,364 / Sq Ft
11/29/2017 11/29/17 Price Changed $1,297,000 -0.2% $1,365 / Sq Ft
11/06/2017 11/06/17 For Sale $1,299,000 +85.6% $1,367 / Sq Ft
07/31/2015 07/31/15 Sold $700,000 0.0% $737 / Sq Ft
04/17/2015 04/17/15 Pending -- -- --
08/28/2014 08/28/14 For Sale $700,000 -- $737 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6836611

Arizona Regional Multiple Listing Service (ARMLS)