$925,000

805 E Turney Ave Phoenix, AZ 85014

Estimated payment $5,296/month

Total Views 2,064
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating

About This Home

This versatile fourplex, ideally located in Midtown Phoenix, offers an incredible investment opportunity. The property has been extensively renovated inside and out. ***HOME WARRANTY INCLUDED*** The property includes a spacious 3-bedroom/1-bath unit, three 1-bedroom/1-bath units, and offers flexibility with fully rented market-price leases or short-term rental potential.Located in a thriving area undergoing significant development, the property is near notable landmarks such as Fate Brewery, new townhome projects, the VA Hospital, and prestigious schools like Brophy and Xavier Prep. Its central location offers easy access to Midtown and Downtown Phoenix. Whether looking to expand your portfolio, live in one unit while renting out the others, or leverage the short-term rental market, this turnkey fourplex is an opportunity you don't want to miss!

Listing Agent

John Ely

Rely Real Estate, LLC License #BR654155000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Osborn Middle School
  • North High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 155-19-030

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 9,605
  • Carolyn Place Lot 1 9, 46 54 Subdivision

Building Details

  • Operating Expense $6,054
  • Gross Income $55,008
  • Net Operating Income $48,608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 7th St & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Directions: South on SR-51, Exit West on Camelback, Turn South in 7th St, Turn East on Turney. Property is on your right.
  • Road Surface Type: Asphalt
  • Subdivision Name: CAROLYN PLACE LOT 1-9, 46-54
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, 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
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 9,605
  • Additional Parcels: No
  • Parcel #: 155-19-030

Multi Family

  • Owner Pays: Water, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 256.0
  • Annual Gross Income: 55008.0
  • Insurance Expense: 1800.0
  • Property Net Operating Income: 48608.0
  • Annual Operating Expense: 6054.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1598.0
  • Tax Book Number: 155.00
  • Tax Lot: 36

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 $1,598 $12,734 -- --
2024 $1,544 $12,127 -- --
2023 $1,544 $58,580 $11,710 $46,870
2022 $1,535 $40,030 $8,000 $32,030
2021 $1,561 $33,610 $6,720 $26,890
2020 $1,522 $28,550 $5,710 $22,840
2019 $1,456 $26,560 $5,310 $21,250
2018 $1,349 $21,100 $4,220 $16,880
2017 $1,235 $21,070 $4,210 $16,860
2016 $1,190 $15,670 $3,130 $12,540
2015 $1,107 $12,600 $2,520 $10,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 For Sale $925,000 0.0% --
04/04/2025 04/04/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $925,000 0.0% --
05/01/2020 05/01/20 Rented $1,395 0.0% --
04/22/2020 04/22/20 Under Contract -- -- --
04/19/2020 04/19/20 Price Changed $1,395 -6.7% $1 / Sq Ft
04/04/2020 04/04/20 For Rent $1,495 0.0% --
09/03/2019 09/03/19 Sold $550,000 -2.6% $333 / Sq Ft
08/04/2019 08/04/19 Pending -- -- --
07/01/2019 07/01/19 Price Changed $564,900 0.0% $342 / Sq Ft
04/26/2019 04/26/19 For Sale $565,000 -- $342 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $550,000 Empire West Title Agency Llc
Warranty Deed $275,000 Empire West Title Agency Llc
Warranty Deed $200,000 Magnus Title Agency Llc
Warranty Deed -- None Available
Interfamily Deed Transfer -- Title Security Agency Of Az
Warranty Deed $87,600 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $534,500 New Conventional
Closed $540,038 FHA
Previous Owner $372,000 Purchase Money Mortgage
Previous Owner $150,000 Purchase Money Mortgage
Previous Owner $210,000 Commercial
Previous Owner $200,000 Commercial
Previous Owner $80,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6805525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-030