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

Sale Details

Date Sold: February 4, 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 Meter
  • 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

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 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

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 $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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