$799,900

Estimated payment $4,576/month

Total Views 197
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Madison Heights Elementary School Rated A-

About This Home

Terrific investment opportunity! Well maintained 4 plex in great community, with covered parking, coin operated laundry, strong rental history and fully rented for immediate cashflow. Fantastic location, close to AZ-51, professional centers, resorts, food, shopping, and entertainment. This property is a win for the first time investor or to add to your larger portfolio. Plus, it's a bargain! Reach out for details.

Listing Agent

David Mendel

eXp Realty License #SA516914000 Listed on: 07/17/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,742

Year Built

  • Built in 1972

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking

Schools

  • Madison #1 Elementary School
  • Central High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 160-22-113

Community Details

Overview

  • 4 Units
  • Building Dimensions are 75x138
  • Mission Viejo Section 3 Subdivision

Building Details

  • Operating Expense $10,078
  • Gross Income $57,343
  • Net Operating Income $47,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,742

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 12th St & Northern Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2024
  • Directions: East to 13th St, South to Vista Ave, East to property on the right
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: MISSION VIEJO SECTION 3
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Free, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 360.0
  • Annual Water Sewer Expense: 2640.0

Schools

  • Elementary School: Madison #1 Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Elementary School

Lot Info

  • Lot Size: 75x138
  • Additional Parcels: No
  • Parcel #: 160-22-113

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 57343.14
  • Insurance Expense: 2428.0
  • Maintenance Expense: 2908.0
  • Property Net Operating Income: 47265.14
  • Annual Operating Expense: 10078.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1742.0
  • Tax Book Number: 160.00
  • Tax Lot: 9

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

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 $1,742 $14,025 -- --
2024 $1,695 $13,357 -- --
2023 $1,695 $55,930 $11,180 $44,750
2022 $1,645 $37,850 $7,570 $30,280
2021 $1,659 $34,850 $6,970 $27,880
2020 $1,633 $27,680 $5,530 $22,150
2019 $1,597 $24,280 $4,850 $19,430
2018 $1,558 $21,000 $4,200 $16,800
2017 $1,485 $17,320 $3,460 $13,860
2016 $1,433 $14,720 $2,940 $11,780
2015 $1,331 $12,850 $2,570 $10,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $799,900 0.0% --
12/27/2023 12/27/23 Price Changed $1,250 +2.0% $1 / Sq Ft
10/26/2023 10/26/23 For Rent $1,225 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $660,000 Empire West Title Agency Llc
Warranty Deed $330,000 Pioneer Title Agency Inc
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Warranty Deed $290,000 Stewart Title & Trust Of Pho
Warranty Deed $185,000 Stewart Title & Trust
Warranty Deed $165,000 American Title Insurance
Cash Sale Deed $59,900 Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $495,000 New Conventional
Previous Owner $247,500 New Conventional
Previous Owner $232,000 Purchase Money Mortgage
Previous Owner $183,126 FHA
Previous Owner $148,500 No Value Available
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6893736

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-113