$895,000
SOLD MAR 13, 2025
-- Bed
-- Bath
2,096 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$427 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Heat Pump System
  • Madison Richard Simis School Rated A-
  • Ceiling Fan

About This Home

As of March 2025

Nestled in the heart of Central Phoenix, this fully leased duplex offers a rare opportunity for investors or homeowners seeking a turn-key property with built-in income. Fully remodeled with impeccable attention to detail, this property combines modern amenities with timeless charm. Both units are currently under two-year leases, providing stability and immediate cash flow for the discerning buyer.

Last Agent to Sell the Property

Stephanie Coulston

Compass License #SA698794000 Listed on: 02/03/2025

Compass

Last Buyer's Agent

Erin Denk

RETSY License #SA713122000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,674

Year Built

  • Built in 1950

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Madison Richard Simis Elementary School
  • Madison Meadows Middle School
  • Central High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 22
  • Assessor Parcel Number 161-27-022

Community Details

Overview

  • 2 Units
  • Building Dimensions are 9,001
  • Callaway Subdivision

Building Details

  • Operating Expense $8,780
  • Gross Income $42,600
  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,674

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Central Ave & McLellan Blvd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-10
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2024
  • Directions: From Central Ave & Glendale Ave head South on Central. Turn right on McLellan Blvd. Property is on the South side of the street.
  • Road Surface Type: Asphalt
  • Subdivision Name: CALLAWAY
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Siding, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), 2 or More Units
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Madison Richard Simis School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Lot Size: 9,001
  • Additional Parcels: No
  • Parcel #: 161-27-022

Multi Family

  • Owner Pays: Other, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 42600.0
  • Insurance Expense: 2906.0
  • Property Net Operating Income: 42600.0
  • Annual Operating Expense: 8780.0

Tax Info

  • Tax Annual Amount: 1674.0
  • Tax Book Number: 161.00
  • Tax Lot: 22

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Range of Values:

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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
03/13/2025 03/13/25 Sold $895,000 -4.8% $427 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $940,000 -- $448 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6814852

Arizona Regional Multiple Listing Service (ARMLS)