1224 E Dunlap Ave Phoenix, AZ 85020
North Central NeighborhoodEstimated payment $8,476/month
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- Ceiling Fan
- Sunnyslope High School Rated A
About This Home
Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,005
Year Built
- Built in 1980
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 24 Open Parking Spaces
- 24 Parking Spaces
- Over 1 Space Per Unit
- Paved Parking
Utilities
- Central Heating and Cooling System
- Individual Controls for Heating
Listing and Financial Details
- Assessor Parcel Number 159-34-145
Community Details
Overview
- 3 Buildings
- 8 Units
- Building Dimensions are Unknown
Building Details
- Operating Expense $30,505
- Gross Income $133,419
- Net Operating Income $102,914
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 | $3,180 | $25,026 | -- | -- |
| 2024 | $3,005 | $23,835 | -- | -- |
| 2023 | $3,005 | $100,220 | $20,040 | $80,180 |
| 2022 | $2,907 | $69,770 | $13,950 | $55,820 |
| 2021 | $2,945 | $57,900 | $11,580 | $46,320 |
| 2020 | $2,871 | $51,110 | $10,220 | $40,890 |
| 2019 | $2,819 | $44,620 | $8,920 | $35,700 |
| 2018 | $2,745 | $37,520 | $7,500 | $30,020 |
| 2017 | $2,731 | $28,600 | $5,720 | $22,880 |
| 2016 | $2,681 | $27,630 | $5,520 | $22,110 |
| 2015 | $2,483 | $23,760 | $4,750 | $19,010 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/02/2026 01/02/26 | Off Market | $1,550,000 | -- | -- | |
| 12/31/2025 12/31/25 | For Sale | $1,550,000 | 0.0% | -- | |
| 05/06/2025 05/06/25 | Price Changed | $1,550,000 | -8.8% | -- | |
| 04/29/2025 04/29/25 | Price Changed | $1,700,000 | 0.0% | -- | |
| 04/29/2025 04/29/25 | For Sale | $1,700,000 | +11.5% | -- | |
| 04/28/2025 04/28/25 | Sold | $1,525,000 | -10.3% | -- | |
| 03/18/2025 03/18/25 | Price Changed | $1,700,000 | -10.5% | -- | |
| 01/02/2025 01/02/25 | For Sale | $1,900,000 | 0.0% | -- | |
| 01/01/2025 01/01/25 | Off Market | $1,900,000 | -- | -- | |
| 12/18/2024 12/18/24 | Price Changed | $1,900,000 | -4.8% | -- | |
| 09/19/2024 09/19/24 | Price Changed | $1,995,000 | -3.9% | -- | |
| 07/18/2024 07/18/24 | For Sale | $2,075,000 | +72.9% | -- | |
| 07/09/2021 07/09/21 | Sold | $1,200,000 | 0.0% | $1,846 / Sq Ft | View Prior Sale |
| 04/23/2021 04/23/21 | For Sale | $1,199,900 | -- | $1,846 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6732554
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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