1002 N 27th Place Phoenix, AZ 85008
Central City NeighborhoodEstimated payment $8,773/month
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Multiple Heating Units
- Phoenix Coding Academy Rated A
About This Home
Fantastic Investment Opportunity!
This well-maintained Multi-Family Property features three separate buildings, each with two spacious units — totaling six 2 bed / 2 bath units, each approximately 1,200 sq ft. Great rental history and upside potential!
Exterior of all buildings was freshly painted in June 2023, and interiors have been updated with new paint as well. The property includes four newer A/C units, with the remaining two approximately 10 years old. The roof was replaced 5 years ago with high-quality 40-year shingles, offering peace of mind for years to come.
Tenants and guests will appreciate the ample parking area, designed to comfortably accommodate residents and visitors alike. Sale includes two parcels:
APN #121-76-050-B APN #121-76-050-C Both lots have separate dimensions per plat records and are being sold together. Don't miss out on this exceptional income-producing property with strong fundamentals and recent upgrades!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,876
Year Built
- Built in 1983
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
- Over 1 Space Per Unit
Schools
- The Creighton Academy Elementary School
- Gateway Middle School
- Camelback High School
Utilities
- Multiple cooling system units
- Multiple Heating Units
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- Tax Lot 119
- Assessor Parcel Number 121-76-050-C
Community Details
Overview
- 3 Buildings
- 6 Units
- Building Dimensions are 124x133
- Del Rey Lots 101 140 Subdivision
Building Details
- Operating Expense $13,229
- Gross Income $106,800
- Net Operating Income $93,571
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,756 | $12,999 | -- | -- |
| 2024 | $1,670 | $12,380 | -- | -- |
| 2023 | $1,670 | $57,490 | $8,320 | $49,170 |
| 2022 | $1,605 | $41,460 | $6,000 | $35,460 |
| 2021 | $1,644 | $33,800 | $4,890 | $28,910 |
| 2020 | $1,604 | $29,120 | $4,210 | $24,910 |
| 2019 | $1,593 | $24,090 | $3,480 | $20,610 |
| 2018 | $1,560 | $21,740 | $3,140 | $18,600 |
| 2017 | $1,500 | $19,200 | $2,780 | $16,420 |
| 2016 | $1,442 | $15,800 | $2,280 | $13,520 |
| 2015 | $1,341 | $12,590 | $1,820 | $10,770 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | For Sale | $1,635,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | $93,150 | Chicago Title Insurance Co | |
| Deed | $70,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $70,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6936056
APN: 121-76-050C
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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