$1,550,000
$525K PRICE DROP

1224 E Dunlap Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated payment $8,436/month

Total Views 3,365
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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!

Listing Agent

Stephen Patterson II

Axen Realty, LLC License #SA681933000 Listed on: 07/17/2024

Axen Realty, LLC

Co-Listing Agent

Stephen Patterson

Axen Realty, LLC License #BR537857000

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,005

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2023
  • Directions: From SR-51 Freeway exit on Northern and head west. Turn right on N 12th St then turn right on Dunlap Ave. Property will be on the left.
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Co List Office Mls Id: axen002
  • Co List Office Phone: 623-846-7700
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0
  • General Property Description:Uncvrd Parking Spcs: 24.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Submetered System
  • Cooling: Central Air, Ceiling Fan(s), Individual
  • Heating: Individual, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 159-34-145

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 8
  • Annual Gross Income: 133418.73
  • Property Net Operating Income: 102913.73
  • Annual Operating Expense: 30505.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3005.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Map

Range of Values:

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Average Value
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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
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
04/23/2021 04/23/21 For Sale $1,199,900 -- $1,846 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6732554

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

1224 E Dunlap Ave, Phoenix, AZ

This home is located at 1224 E Dunlap Ave, Phoenix, AZ 85020 and is currently priced at $1,550,000. This property was built in 1980. 1224 E Dunlap Ave is a home located in Maricopa County with nearby schools including Desert View Elementary School, Royal Palm Middle School, and Sunnyslope High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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Stephen Patterson II
Listing Agent
Stephen Patterson II
Section Image
Axen Realty, LLC
(623) 281-3415