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
Last Agent to Sell the Property
Delex Realty License #SA505242000 Listed on: 01/04/2025
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 4, 2025
Closed on
Apr 7, 2025
Sold by
Sperling Shawn Lee
Bought by
Gilliam Logan
Seller's Agent
Rhonda Dubois
Delex Realty
Buyer's Agent
Wilfrido Fernandez
West USA Realty
List Price
$399,900
Sold Price
$355,000
Premium/Discount to List
-$44,900
-11.23%
Views
48
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.56%
Original Mortgage
$13,943
Outstanding Balance
$13,943
Interest Rate
6.76%
Estimated Equity
$363,233
Purchase Details
Closed on
Dec 23, 2008
Sold by
U S Bank National Association
Bought by
Sperling Shawn Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,300
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 27, 2008
Sold by
Rodriguez Willie
Bought by
Suntrust Mortgage Inc
Purchase Details
Closed on
Aug 3, 2005
Sold by
Acevedo Jenaro and Acevedo Nuvia
Bought by
Rodriguez Willie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,050
Interest Rate
5.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2000
Sold by
Garcia Rene R and Garcia Sandra G
Bought by
Acevedo Jenaro and Acevedo Nuvia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 10, 1999
Sold by
Corbett Reid Maria H
Bought by
Reid J Brian
Purchase Details
Closed on
Aug 3, 1999
Sold by
Reid J Brian
Bought by
Garcia Rene R and Garcia Sandra G
Purchase Details
Closed on
Apr 26, 1996
Sold by
Mzrb Ltd Partnership
Bought by
Oakland University Park Neighborhood Ass
Similar Homes in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase 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
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $13,943 | No Value Available | |
| Open | $348,570 | FHA | |
| Closed | $348,570 | FHA | |
| Closed | $13,943 | New Conventional | |
| 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
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 Compared to Growth
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
Agents Affiliated with this Home
-
Rhonda Dubois
Seller's Agent in 2025
Rhonda Dubois
Delex Realty
(623) 418-2970
1 in this area
65 Total Sales
-
Wilfrido Fernandez
Buyer's Agent in 2025
Wilfrido Fernandez
West USA Realty
1 in this area
46 Total Sales
Map
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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