138 N 10th Ave Phoenix, AZ 85007
Governmental Mall Neighborhood
--
Bed
--
Bath
1,240
Sq Ft
2,875
Sq Ft Lot
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Multiple Heating Units
- Phoenix Coding Academy Rated A
- Ceiling Fan
- 3-minute walk to University Park
About This Home
As of April 2025STEADY CASH FLOW!! Cap Rate: 7.67%. Duplex located in the Woodland Historical District close to the Capital. There is 1 building, 2 one bedroom 1 bathroom units. They are approx 620 sq ft each. One unit is currently vacant. Tenant is month to month and desires to stay, rents can be raised. A lot of renovations and planning are going on in this up-and-coming area! Some of the Duplex improvements include a newer water heater, newer windows, newer plumbing, newer exterior paint and property sits on two lots. Property is zoned R5. Property has paved back alley access and parking. Plenty of accessible space in the back to build additional units * Fireplace is not finished never used. Property is sold as is. Such a fantastic vibrant location in downtown Phoenix. Come live on one side and rent out the other. With the R5 zoning add more units in back for additional rentable units, cash flow, and property value. Walking distance to downtown financial center, business district, major entertainment/sport venues, central city light rail system, parks, restaurants and fine dining.
This is Downtown Phoenix, so so much going on down here!!
** R-5 mixed-use, multifamily zoning either residential or office or both.
GOOD INFO:
2 1bedroom 1bath units both 620sqf
*Both Tenants pay $1300.00 for rent, on a month to month.
Utilities are included in their rents (water,trash,sewer, and APS electric)
I pay just under $100 a month for water, trash, and sewer $1200 yearly.
I pay approximately on an average about $300 a month $3300 yearly.
SELLER IMPROVMENTS:
- Outside paint is about a year and half old
- building has had new plumbing put in with what they call pec piping.
- water heater is about a year and half old
- property sits on two lots
- property is zoned R5
- property has paved back alley access and parking
- plenty of accessible space in back to build additional units and parking
- property is located in the Woodland Historical District and is also situated next to the Capital
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $695
Year Built
- Built in 1911
Home Design
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
Parking
- 2 Open Parking Spaces
- 3 Parking Spaces
- Carport
- Over 1 Space Per Unit
Utilities
- Multiple cooling system units
- Cooling System Mounted To A Wall/Window
- Multiple Heating Units
- Window Unit Heating System
- Master Water Meter
Additional Features
- Ceiling Fan
- Property fronts an alley
Listing and Financial Details
- The owner pays for electricity, trash collection, water, sewer
- Tax Lot 36
- Assessor Parcel Number 112-04-043
Community Details
Overview
- 2 Units
- Building Dimensions are 0.066 acres
- H Grays Subdivision
Building Details
- Operating Expense $3,995
- Gross Income $33,617
- Net Operating Income $30,657
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Sold | $355,000 | -6.6% | $286 / Sq Ft |
| 02/26/2025 02/26/25 | Price Changed | $379,990 | -5.0% | $306 / Sq Ft |
| 02/25/2025 02/25/25 | Price Changed | $399,900 | -1.3% | $323 / Sq Ft |
| 02/17/2025 02/17/25 | Price Changed | $405,000 | +1.3% | $327 / Sq Ft |
| 01/04/2025 01/04/25 | For Sale | $399,900 | -- | $323 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $695 | $5,200 | -- | -- |
| 2024 | $689 | $4,952 | -- | -- |
| 2023 | $689 | $23,970 | $2,660 | $21,310 |
| 2022 | $664 | $19,560 | $2,170 | $17,390 |
| 2021 | $659 | $18,610 | $2,060 | $16,550 |
| 2020 | $667 | $16,580 | $1,840 | $14,740 |
| 2019 | $666 | $14,090 | $1,560 | $12,530 |
| 2018 | $654 | $10,450 | $1,160 | $9,290 |
| 2017 | $639 | $9,250 | $1,020 | $8,230 |
| 2016 | $621 | $7,230 | $800 | $6,430 |
| 2015 | $574 | $3,790 | $420 | $3,370 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $13,943 | No Value Available | |
| Open | $348,570 | FHA | |
| Previous Owner | $39,300 | Purchase Money Mortgage | |
| Previous Owner | $106,050 | New Conventional | |
| Previous Owner | $58,000 | Seller Take Back | |
| Closed | $45,450 | No Value Available |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $355,000 | Old Republic Title Agency | |
| Special Warranty Deed | $37,500 | Fidelity National Title Ins | |
| Warranty Deed | -- | Fidelity National Title Ins | |
| Trustee Deed | $112,706 | First American Title | |
| Warranty Deed | $151,500 | Chicago Title Insurance Co | |
| Warranty Deed | $60,000 | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Joint Tenancy Deed | $25,000 | Capital Title Agency Inc | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6800415
APN: 112-04-043
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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