$2,750,000
SOLD JAN 10, 2025
-- Bed
-- Bath
820 Sq Ft
0.25 Acres

Recently Sold

$3,354 Per Sq Ft

5% Below List Price

19 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Sunnyslope High School Rated A

About This Home

As of January 2025

16-unit multifamily opportunity located in the North Mountain Submarket of Phoenix, AZ. Originally built in 1965 and renovated in 2018, this asset is strategically positioned near the base of North Mountain, near many economic drivers such as the I-17 employment corridor, $1B redevelopment of the Metrocenter, and the North Mountain Redevelopment Area (NMRA). Additionally, the property consists of a desirable unit mix of 100% two-bedroom, one-bathroom floorplans across 4 separately parceled Fourplexes, allowing for residential or commercial financing. Community amenities include an on-site laundry facility, private patios, and a community common area where there is potential to build additional units.

Last Agent to Sell the Property

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000

Last Buyer's Agent

Kinal Movalia

Realty ONE Group License #SA555652000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $877

Year Built

  • Built in 1965

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, water
  • The owner pays for trash collection, sewer, landscaping
  • Tax Lot 26
  • Assessor Parcel Number 158-29-201

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Building Dimensions are 45,613 sq ft
  • Ironwood Place Subdivision

Building Details

  • Operating Expense $877
  • Gross Income $252,417
  • Net Operating Income $175,346

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$877

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: IRONWOOD PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Submetered System
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 45,613 sq ft
  • Additional Parcels: Yes
  • Parcel #: 158-29-201

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 16
  • Annual Gross Income: 252417.0
  • Property Net Operating Income: 175346.0
  • Annual Operating Expense: 877.0

Tax Info

  • Tax Annual Amount: 877.0
  • Tax Book Number: 158.00
  • Tax Lot: 26

Map

Range of Values:

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Average Value
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Sold Price
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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
01/10/2025 01/10/25 Sold $2,750,000 -5.0% $3,354 / Sq Ft
10/09/2024 10/09/24 For Sale $2,895,000 +44.8% $3,530 / Sq Ft
12/13/2019 12/13/19 Sold $1,999,000 0.0% $2,438 / Sq Ft
10/30/2019 10/30/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $1,999,000 -- $2,438 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $893 $7,303 -- --
2024 $877 $6,955 -- --
2023 $877 $43,210 $8,640 $34,570
2022 $848 $29,520 $5,900 $23,620
2021 $859 $23,650 $4,730 $18,920
2020 $838 $20,580 $4,110 $16,470
2019 $823 $17,450 $3,490 $13,960
2018 $801 $14,580 $2,910 $11,670
2017 $797 $12,530 $2,500 $10,030
2016 $783 $11,530 $2,300 $9,230
2015 $725 $9,620 $1,920 $7,700
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 New Conventional
Closed $1,500,000 New Conventional
Previous Owner $383,500 New Conventional
Previous Owner $374,812 New Conventional
Previous Owner $210,900 New Conventional
Previous Owner $113,750 New Conventional
Previous Owner $106,875 New Conventional
Previous Owner $130,500 Unknown
Previous Owner $130,500 Unknown
Previous Owner $266,250 Unknown
Previous Owner $1,059,000 Commercial
Previous Owner $504,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $2,750,000 Commonwealth Land Title
Special Warranty Deed $2,750,000 Commonwealth Land Title
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed -- First American Title
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Warranty Deed $499,750 Pioneer Title Agency Inc
Warranty Deed $499,750 Pioneer Title Agency Inc
Warranty Deed -- Accommodation
Warranty Deed -- Pioneer Title Agency Inc
Warranty Deed -- Accommodation
Warranty Deed $281,250 Pioneer Title Agency Inc
Warranty Deed $1,050,000 Pioneer Title Agency Inc
Warranty Deed $162,500 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Warranty Deed $142,500 Stewart Title & Trust Of Pho
Cash Sale Deed $217,500 Fidelity Natl Title Ins Co
Cash Sale Deed $48,000 Lawyers Title Of Arizona Inc
Trustee Deed $289,531 None Available
Quit Claim Deed -- Magnus Title Agency
Special Warranty Deed $1,024,000 Fidelity National Title
Special Warranty Deed $630,000 Fidelity National Title
Joint Tenancy Deed -- --
Joint Tenancy Deed -- --
Joint Tenancy Deed -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6770776

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-29-201