$4,995,000
NEW CONSTRUCTION

Estimated payment $26,510/month

Total Views 4,363
-- 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

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, 8 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

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
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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