$5,000,000

141 W Latona Rd Phoenix, AZ 85041

South Mountain Neighborhood

Estimated payment $26,380/month

Total Views 1,254
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

11 individual homes sold in bulk built in 2024. Nice community with 2 pocket parks. All homes have 2 car garages. Located near the new light rail line extension on Central Ave.
AS of now, 10 homes are leased, self-managed by the owner. Owner maintains the common areas and provides quarterly exterior pest control. Buyer to verify all information.

Listing Agent

Jim Frazey

City to City Commercial License #BR031539000 Listed on: 11/17/2025

Co-Listing Agent

Shane Benjamin

City To City Commercial License #SA642432000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $321

Year Built

  • Built in 2025

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Stucco

Parking

  • 22 Parking Spaces
  • 22 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 300-40-524

Community Details

Overview

  • 11 Buildings
  • 11 Units
  • Building Dimensions are Irregular
  • Latona Fontaine Subdivision

Building Details

  • Operating Expense $33,616
  • Gross Income $312,416
  • Net Operating Income $299,209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$321

Year Built

Built in 2025

Lot Details

0

Listing Details

  • Cross Street: Baseline and 7th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 11
  • Ownership: Fee Simple
  • Year Built: 2025
  • Tax Year: 2024
  • Co List Office Mls Id: benj03
  • Co List Office Phone: 480-968-9896
  • Subdivision Name: LATONA FONTAINE
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Other, See Remarks
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition, See Remarks, Foam

Garage/Parking

  • Total Covered Spaces: 22.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 22.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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:Landscape Wtr System: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: Yes
  • Parcel #: 300-40-524

Multi Family

  • Owner Pays: See Remarks, Trash Collection, Water, Sewer
  • Number Of Units Total: 11
  • Electric Expense: 60.0
  • Annual Gross Income: 312416.16
  • Insurance Expense: 10643.0
  • Property Net Operating Income: 299209.0
  • Annual Operating Expense: 33616.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 321.0
  • Tax Book Number: 300.00
  • Tax Lot: 1

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

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 $330 $2,187 $2,187 --
2024 $312 $2,083 $2,083 --
2023 $312 $4,890 $4,890 $0
2022 $306 $3,435 $3,435 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 For Sale $5,000,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $465,000 Thomas Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6948292

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-40-524

Arizona Maricopa County Phoenix 85041 South Mountain

141 W Latona Rd, Phoenix, AZ

For Sale

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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Jim Frazey
Listing Agent
Jim Frazey
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City to City Commercial
(480) 418-0591