$4,000,000

Estimated payment $22,507/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Desert Landscape

About This Home

20% PRICE REDUCTION. Originally developed in 1960, the property's unit mix features a desirable blend of one studio (±4%) and spacious one-bedroom (±35%) and two-bedroom (±61%) floorplans covering an average of ±728 square feet. Future ownership will have the opportunity to implement an interior renovation program to upgrade the remaining classic units and
capitalize on the associated interior renovation premium already proven in the immediate area.

Listing Agent

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 07/01/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,824

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 45 Open Parking Spaces
  • 45 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Additional Features

  • Ceramic Tile Flooring
  • Desert Landscape

Listing and Financial Details

  • The owner pays for water, sewer, gas, trash collection, landscaping
  • Tax Lot Ukn
  • Assessor Parcel Number 121-03-023

Community Details

Overview

  • 2 Buildings
  • 28 Units
  • Building Dimensions are 40,511

Building Details

  • Operating Expense $153,509
  • Gross Income $477,811
  • Net Operating Income $255,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,824

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 20815.0
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air, Electric, Individual
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Washer/Dryer, Free-Standing Electric Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 45.0
  • Total Parking Spaces: 45.0
  • Parking Features:Parking Features: >1 Space Per Unit

Utilities

  • Electric: SRP
  • Cooling: Central Air, Electric, Varies by Unit
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Fuel Expense: 1028.89
  • Trash Expense: 19334.15
  • Annual Water Sewer Expense: 19336.35

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 40,511
  • Additional Parcels: No
  • Parcel #: 121-03-023

Multi Family

  • Owner Pays: Water, Sewer, Gas, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 28
  • Electric Expense: 7267.41
  • Annual Gross Income: 477811.4
  • Insurance Expense: 18107.04
  • Maintenance Expense: 27026.89
  • Property Net Operating Income: 255219.0
  • Annual Operating Expense: 153509.12
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 10823.72
  • Tax Book Number: 121.0
  • Tax Lot: Ukn

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $10,824 $80,134 -- --
2024 $10,298 $76,318 -- --
2023 $10,298 $337,100 $67,420 $269,680
2022 $9,893 $260,470 $52,090 $208,380
2021 $10,135 $222,280 $44,450 $177,830
2020 $9,888 $162,560 $32,510 $130,050
2019 $9,818 $146,370 $29,270 $117,100
2018 $9,616 $124,920 $24,980 $99,940
2017 $9,245 $104,970 $20,990 $83,980
2016 $8,887 $97,610 $19,520 $78,090
2015 $8,267 $74,280 $14,850 $59,430
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
07/01/2026 07/01/26 For Sale $4,000,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7048772

Arizona Regional Multiple Listing Service (ARMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.