$2,450,000

Estimated payment $14,064/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Sunnyslope High School Rated A
  • Vinyl Flooring

About This Home

Introducing a Mid-Century Modern 9-unit apartment complex located in North Central Phoenix. This boutique property features all two-bedroom, one-bathroom units, each approximately 750-800 square feet. Completely gutted and renovated just 2.5 years ago, every unit boasts brand-new stainless steel appliances, modern kitchen cabinetry, premium countertops, LED lighting, updated ductwork, new flooring, interior doors, and spa-inspired bathrooms with vanities and walk-in showers. No detail was overlooked—the entire property was taken down to the studs and rebuilt with quality and style in mind.The complex offers approximately 20 parking spaces, most of them covered. There is also the possibility of adding a 10th unit to further optimize rental income.

Last Listed By

Zachary Coty

Compass License #SA697361000 Listed on: 06/04/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,733

Year Built

  • Built in 1963

Home Design

  • Foam Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 20 Parking Spaces
  • 20 Covered Spaces
  • Over 1 Space Per Unit
  • Assigned Parking

Schools

  • Sunnyslope High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 159-15-047-G
  • Assessor Parcel Number 159-15-047-G

Community Details

Overview

  • 2 Buildings
  • 9 Units
  • Building Dimensions are .582 acres

Building Details

  • Operating Expense $28,739
  • Gross Income $158,304
  • Net Operating Income $131,813

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,733

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 13th Ave & Peoria Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Directions: Turn Left on 7th Ave and Peoria, Turn Right onto 13th Ave
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7915.0
  • Tax Parcel Letter: G
  • Cooling:Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features:Assigned: Yes

Utilities

  • Electric: APS, SRP, Individual Meter
  • Cooling: Central Air, Electric, Individual
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 4347.0

Schools

  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: .582 acres
  • Additional Parcels: No
  • Parcel #: 159-15-047-G

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 9
  • Annual Gross Income: 158304.0
  • Insurance Expense: 5994.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 131813.0
  • Annual Operating Expense: 28739.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3733.0
  • Tax Book Number: 159.00
  • Tax Lot: 159-15-047-G

Map

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
06/04/2025 06/04/25 For Sale $2,450,000 +80.1% --
09/23/2022 09/23/22 Sold $1,360,000 +4.6% --
08/31/2022 08/31/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $1,300,000 0.0% --
08/20/2022 08/20/22 Pending -- -- --
08/12/2022 08/12/22 Price Changed $1,300,000 -1.9% --
08/11/2022 08/11/22 Price Changed $1,325,000 -11.4% --
07/21/2022 07/21/22 For Sale $1,495,000 0.0% --
06/14/2022 06/14/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $1,495,000 +398.3% --
09/30/2014 09/30/14 Sold $300,000 -14.0% --
08/15/2014 08/15/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $349,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6875445

Arizona Regional Multiple Listing Service (ARMLS)