NOT LISTED FOR SALE
8 Beds
6 Baths
1,200 Sq Ft
1960 Built

Last Sold February 04, 2025

Last sale price $1,148,000 $957 Per Sq Ft

112 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of February 2025

This Recently updated 6-unit property features two buildings, each with 2,093 sqft. All units are 2-bedroom, 1-bathroom, offering modern living with covered parking and in-unit laundry. The property includes a shared outdoor common area. Recent renovations ensure each unit is updated and move-in ready. Five of the six units are currently occupied, providing immediate rental income. This property is an excellent investment opportunity with modern amenities and a great location for attracting tenants.

Last Agent to Sell the Property

Jacob Chapman

Realty85 License #BR583358000 Listed on: 10/03/2024

Last Buyer's Agent

Jeremy Pierce

Berkshire Hathaway HomeServices Arizona Properties License #SA685985000

Berkshire Hathaway HomeServices Arizona Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,806

Year Built

  • Built in 1960

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • On-Street Parking

Schools

  • Brunson-Lee Elementary School
  • Pat Tillman Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 16
  • Assessor Parcel Number 125-13-060-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 17595
  • Palomino Estates Subdivision

Building Details

  • Operating Expense $1,806
  • Gross Income $100,822
  • Net Operating Income $90,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,806

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 50th & Mcdowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2023
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: PALOMINO ESTATES
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Brunson-Lee Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Pat Tillman Middle School

Lot Info

  • Lot Size: 17595
  • Additional Parcels: No
  • Parcel #: 125-13-060-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 100821.6
  • Property Net Operating Income: 90115.6
  • Annual Operating Expense: 1806.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1806.0
  • Tax Book Number: 125.00
  • Tax Lot: 16
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/04/2025 02/04/25 Sold $1,148,000 -11.7% $957 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
01/02/2025 01/02/25 Price Changed $1,300,000 0.0% $1,083 / Sq Ft
01/02/2025 01/02/25 For Sale $1,300,000 +13.2% $1,083 / Sq Ft
01/01/2025 01/01/25 Off Market $1,148,000 -- --
10/31/2024 10/31/24 Price Changed $1,400,000 -6.7% $1,167 / Sq Ft
10/15/2024 10/15/24 Price Changed $1,500,000 -6.3% $1,250 / Sq Ft
10/03/2024 10/03/24 For Sale $1,600,000 +45.5% $1,333 / Sq Ft
07/06/2022 07/06/22 Sold $1,100,000 -8.3% $917 / Sq Ft View Prior Sale
06/15/2022 06/15/22 Price Changed $1,199,900 0.0% $1,000 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $1,199,900 -- $1,000 / 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 $1,938 $15,184 -- --
2024 $1,806 $14,461 -- --
2023 $1,806 $76,750 $15,350 $61,400
2022 $1,741 $47,700 $9,540 $38,160
2021 $1,770 $42,000 $8,400 $33,600
2020 $1,738 $36,010 $7,200 $28,810
2019 $1,731 $31,580 $6,310 $25,270
2018 $1,631 $26,850 $5,370 $21,480
2017 $1,562 $23,150 $4,630 $18,520
2016 $1,528 $16,830 $3,360 $13,470
2015 $1,434 $13,510 $2,700 $10,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6766122

Arizona Regional Multiple Listing Service (ARMLS)
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