1038 N 25th St Phoenix, AZ 85008
Central City Neighborhood
--
Bed
--
Bath
3,030
Sq Ft
1955
Built
Highlights
- Cooling Available
- Vinyl Flooring
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
About This Home
As of June 2025Don't miss out on this fantastic investment opportunity! This three-family home offers excellent potential for value-added improvements, with many upgrades completed in 2020. The property features three rental units: a front single-family home with 4 bedrooms and 1 bathroom, a spacious 2-bedroom, 1-bathroom unit, and a studio apartment, with each unit in a separate building.Well-located, the property benefits from steady rental demand due to its proximity to the medical center and nearby amenities, making it an ideal mid-term rental for traveling nurses.The property can be purchased separately or together with the adjacent three-family at 1046 N 25th St, presenting an incredible investment opportunity. Whether you're a seasoned investor or looking for a value-driven opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $854
Year Built
- Built in 1955
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Vinyl Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Assigned Parking
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 4
- Assessor Parcel Number 121-79-132-A
Community Details
Overview
- 3 Buildings
- 3 Units
- Building Dimensions are 75 x 140
- Elsinore Subdivision
Building Details
- Operating Expense $854
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2025
Closed on
May 29, 2025
Sold by
Greene Street Funding Trust Ii Inc and Us Bank National Association
Bought by
Zircon Llc
Seller's Agent
Joseph Mahoney
JM Realty
Buyer's Agent
Tashia Dinkins
Pivot Realty LLC
List Price
$475,900
Sold Price
$420,000
Premium/Discount to List
-$55,900
-11.75%
Views
46
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
124.55%
Original Mortgage
$402,500
Outstanding Balance
$402,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$71,683
Purchase Details
Closed on
Feb 28, 2022
Sold by
Mike Johnson Az Property Investments Llc
Bought by
Mike Johnson Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,647,710
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 4, 2020
Sold by
Sound Llc
Bought by
Mike Johnson Az Property Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 16, 2020
Sold by
Steinhaus Brenda Garcia and Estate Of Beverly Esperanza Sc
Bought by
South Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 14, 2018
Sold by
Gomez Marvila
Bought by
Scott Beverly Esperanza
Purchase Details
Closed on
Mar 17, 2015
Sold by
Grahan Saloman Robles
Bought by
Gomez Marvila
Purchase Details
Closed on
Dec 2, 2012
Sold by
Scott Esperanza
Bought by
Graham Ruben Philip Salomon
Purchase Details
Closed on
Jan 26, 2012
Sold by
Graham Ruben Philip Salomon
Bought by
Graham Saloman R
Purchase Details
Closed on
Mar 28, 2000
Sold by
Scott Don
Bought by
Scott Esperanza
Purchase Details
Closed on
Mar 31, 1998
Sold by
Blesich Venture I
Bought by
Scott Donald and Scott Beverly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
10.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 19, 1997
Sold by
Blesich Venture I
Bought by
Scott Donald and Scott Beverly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,950
Interest Rate
10.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 28, 1993
Sold by
Schaller Estate
Bought by
Blesich Venture I
Similar Homes in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $420,000 | Magnus Title Agency | |
| Warranty Deed | -- | Pioneer Title | |
| Warranty Deed | $300,000 | Great American Title Agency | |
| Warranty Deed | $100,000 | Great American Title Agency | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $50,000 | Fidelity Title | |
| Warranty Deed | $48,500 | Fidelity Title | |
| Warranty Deed | $61,700 | Fidelity Natl Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $402,500 | New Conventional | |
| Previous Owner | $2,647,710 | New Conventional | |
| Previous Owner | $336,000 | Commercial | |
| Previous Owner | $30,000 | Commercial | |
| Previous Owner | $245,000 | Commercial | |
| Previous Owner | $375,000 | Commercial | |
| Previous Owner | $35,000 | Commercial | |
| Previous Owner | $33,950 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $420,000 | -11.7% | $139 / Sq Ft |
| 06/07/2025 06/07/25 | Price Changed | $475,900 | 0.0% | $157 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $475,900 | 0.0% | $157 / Sq Ft |
| 04/11/2025 04/11/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | Pending | -- | -- | -- |
| 03/17/2025 03/17/25 | For Sale | $475,900 | -- | $157 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $854 | $6,568 | -- | -- |
| 2024 | $844 | $6,255 | -- | -- |
| 2023 | $844 | $40,430 | $8,080 | $32,350 |
| 2022 | $811 | $29,280 | $5,850 | $23,430 |
| 2021 | $831 | $19,210 | $3,840 | $15,370 |
| 2020 | $810 | $16,080 | $3,210 | $12,870 |
| 2019 | $805 | $12,800 | $2,560 | $10,240 |
| 2018 | $788 | $10,170 | $2,030 | $8,140 |
| 2017 | $758 | $10,350 | $2,070 | $8,280 |
| 2016 | $728 | $8,320 | $1,660 | $6,660 |
| 2015 | $678 | $6,510 | $1,300 | $5,210 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Joseph Mahoney
JM Realty
-
T
Buyer's Agent in 2025
Tashia Dinkins
Pivot Realty LLC
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6836775
APN: 121-79-132A
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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