$358,500
SOLD AUG 28, 2026
-- Beds
-- Baths
960 Sq Ft
1953 Built

Sale Details

Date Sold: August 28, 2026

$373 Per Sq Ft

1% Below List Price

10 Days on Market

About This Home

As of August 2026

EXCEPTIONAL INVESTMENT OPPORTUNITY IN A PRIME LOCATION! This single-story, four-unit multifamily property, built in 1953, presents an outstanding value-add opportunity for investors. The property features four 1-bedroom, 1-bath units, all currently vacant and ready for renovation, providing a blank canvas to maximize your investment vision.

Prime Location: Conveniently located near US-60 (Grand Avenue) with easy access to I-10, I-17, and Loop 202, offering seamless connectivity throughout the Phoenix metro area.

Future Growth Potential: A planned light rail extension along Van Buren is expected to further enhance accessibility and position this property within a growing transit-oriented corridor.

Excellent Convenience: Just minutes from Downtown Phoenix and Phoenix Sky Harbor International Airport, making it an attractive location for future tenants seeking easy access to employment, entertainment, and transportation.

The property requires renovation to address deferred maintenance, and the competitive list price reflects this exceptional opportunity. With strong rental demand and significant upside potential, this is your chance to transform a distressed asset into a high-performing investment.

Last Agent to Sell the Property

Joseph Mahoney

JM Realty License #BR561411000 Listed on: 07/20/2026

Last Buyer's Agent

Joseph Mahoney

JM Realty License #BR561411000 Listed on: 07/20/2026

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $656

Year Built

  • Built in 1953

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Schools

  • William R Sullivan Elementary School
  • Carl Hayden High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 109-38-002

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 69 X 113
  • Wormsers Addition Block 1 Subdivision

Building Details

  • Operating Expense $656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$656

Year Built

Built in 1953

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 33rd Ave & Van Buren
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2025
  • Road Surface Type: Concrete
  • Subdivision Name: WORMSERS ADDITION BLOCK 1
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: None
  • Road Surface Type:Road Surface Type: Concrete
  • Electric:Electric: APS, Individual Meter
  • Sale Includes:Sale Includes: Other (See Remarks)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Assigned

Utilities

  • Electric: APS, Individual Meter
  • Cooling: None
  • Heating: Electric, Natural Gas
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Elementary School: William R Sullivan Elementary School
  • High School: Carl Hayden High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: William R Sullivan Elementary School

Lot Info

  • Lot Size: 69 X 113
  • Additional Parcels: No
  • Parcel #: 109-38-002

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 4
  • Annual Operating Expense: 656.0

Tax Info

  • Tax Annual Amount: 656.0
  • Tax Book Number: 109.0
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2026
Sold by
Pennymac Loan Services Llc
Bought by

Purchase Details

Closed on
Dec 4, 2025
Sold by
Trustee Corps and Mtc Financial Inc
Bought by
Pennymac Loan Services Llc

Purchase Details

Listed on
Feb 28, 2022
Closed on
Aug 16, 2023
Sold by
Kim Kil Dal and Kim Grace
Bought by
Bot Benjamin
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Aaron Remer
Coldwell Banker Realty
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%
Views
131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.19%
Original Mortgage
$663,975
Interest Rate
6.81%
Mortgage Type
VA

Purchase Details

Listed on
Dec 29, 2020
Closed on
Feb 23, 2021
Sold by
Klg Investments Llc
Bought by
Kim Kil Dal and Kim Grace
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.58%
Original Mortgage
$333,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2020
Sold by
Hasanoff Eric
Bought by
Klg 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
$280,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 11, 2017
Closed on
Aug 9, 2017
Sold by
Schnerch Calvin G and Schnerch Janis D
Bought by
Hasanoff Eric
Seller's Agent
Sophia Baron
Real Broker
Buyer's Agent
Sophia Baron
Real Broker
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$120,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1999
Sold by
Harrison Edward E and Harrison Ruth
Bought by
Erickson Janis D and Schnerch Calvin G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 1995
Sold by
Woodfork Joe Walter and Woodfork Doris Ray
Bought by
Harrison Edward E and Harrison Ruth
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Trustee Deed $462,275 Accommodation/Courtesy Recordi
Warranty Deed $650,000 Empire Title Agency
Warranty Deed $445,000 Empire West Title Agency Llc
Warranty Deed $250,000 Dhi Title Agency
Warranty Deed $170,000 Chicago Title Agency Inc
Warranty Deed $60,000 Capital Title Agency Inc
Joint Tenancy Deed $32,500 United Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $663,975 VA
Previous Owner $333,750 New Conventional
Previous Owner $280,000 Commercial
Previous Owner $124,500 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $84,500 Unknown
Previous Owner $48,000 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2026 08/28/26 Sold $358,500 -1.0% $373 / Sq Ft
07/30/2026 07/30/26 Pending -- -- --
07/20/2026 07/20/26 For Sale $362,000 -44.3% $377 / Sq Ft
08/15/2023 08/15/23 Sold $650,000 0.0% $677 / Sq Ft View Prior Sale
04/27/2023 04/27/23 Pending -- -- --
04/22/2023 04/22/23 Off Market $650,000 -- --
03/07/2023 03/07/23 Price Changed $665,000 -1.5% $693 / Sq Ft
03/03/2023 03/03/23 For Sale $675,000 0.0% $703 / Sq Ft
02/26/2023 02/26/23 Pending -- -- --
09/10/2022 09/10/22 Price Changed $675,000 -6.9% $703 / Sq Ft
08/15/2022 08/15/22 Price Changed $725,000 -3.3% $755 / Sq Ft
04/29/2022 04/29/22 Price Changed $750,000 -6.3% $781 / Sq Ft
02/25/2022 02/25/22 For Sale $800,000 +79.8% $833 / Sq Ft
02/26/2021 02/26/21 Sold $445,000 -1.1% $464 / Sq Ft View Prior Sale
01/08/2021 01/08/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $450,000 +164.7% $469 / Sq Ft
08/31/2017 08/31/17 Sold $170,000 -5.5% $177 / Sq Ft View Prior Sale
07/10/2017 07/10/17 For Sale $179,900 -- $187 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $656 $5,246
2024 $630 $4,997
2023 $630 $27,060 $5,410 $21,650
2022 $604 $17,860 $3,570 $14,290
2021 $639 $15,960 $3,190 $12,770
2020 $618 $13,780 $2,750 $11,030
2019 $611 $11,980 $2,390 $9,590
2018 $599 $9,730 $1,940 $7,790
2017 $576 $8,860 $1,770 $7,090
2016 $584 $6,230 $1,240 $4,990
2015 $544 $5,450 $1,090 $4,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7056584

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-38-002

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