$4,995,000
NEW CONSTRUCTION

Estimated payment $26,981/month

Total Views 6,051
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • New Construction
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • 22 Car Garage

About This Home

Newer Built Homes. 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, all 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: 01/14/2026

Co-Listing Agent

Shane Benjamin

City To City Commercial License #SA642432000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $330

Year Built

  • Built in 2025 | New Construction

Lot Details

  • Additional Parcels

Parking

  • 22 Car Garage

Home Design

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

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • 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 $23,133
  • Gross Income $303,890
  • Net Operating Income $254,251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$330

Year Built

Built in 2025 | New Construction

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Baseline and 7th Ave
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 11
  • Ownership: Fee Simple
  • Year Built: 2025
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: benj03
  • Co List Office Phone: 480-968-9896
  • Subdivision Name: LATONA FONTAINE
  • Garage Yn: Yes
  • New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Other, See Remarks, Free-Standing Electric Oven

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 22.0
  • Total Parking Spaces: 22.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

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: Water, Sewer, Trash Collection, See Remarks
  • Tenant Pays: Electricity
  • Number Of Units Total: 11
  • Electric Expense: 60.0
  • Annual Gross Income: 303890.16
  • Insurance Expense: 10643.0
  • Property Net Operating Income: 254251.0
  • Annual Operating Expense: 23133.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 330.0
  • Tax Book Number: 300.0
  • Tax Lot: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/14/2026 01/14/26 For Sale $4,995,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6968385

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-40-524

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