1605 W Osborn Rd Phoenix, AZ 85015
North Encanto NeighborhoodEstimated payment $4,868/month
Highlights
- Community Playground
- Ceramic Tile Flooring
- Ceiling Fan
- Phoenix Coding Academy Rated A
- Central Air
- Heating System Uses Natural Gas
About This Home
''This triplex isn't just a rental — it's a tax-efficient wealth building tool. With the right structure, an investor could write off over $150,000 in the first year through cost segregation while still generating positive cash flow. For high-income earners, that's like operating with a built-in tax shield.''Centrally located, mid-century 3 unit multi-family property in a convenient positioned Historic North Encanto neighborhood.Each unit has 2 bedrooms and 1 bathroom. It appeals to investors, students, faculty, professionals and renters alike. Amenities such as Camelback hikes, golf courses, restaurants, shopping cultural spots, and event venues are just a short drive or walk away. Phoenix College .6 miles away, GCU & ASU downtown 3-4 miles away.Airbnb potential.Transit access nearby.
Listing Agent
Russ Lyon Sotheby's International Realty License #SA637151000 Listed on: 06/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,495
Year Built
- Built in 1953
Home Design
- Brick Exterior Construction
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Over 1 Space Per Unit
- Paved Parking
Schools
- Encanto Elementary And Middle School
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 110-27-021
Community Details
Overview
- 3 Units
- Building Dimensions are 128x59x128x59
- College Homes Subdivision
Recreation
- Community Playground
Building Details
- Operating Expense $7,873
- Gross Income $63,600
- Net Operating Income $55,727
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,547 | $11,917 | -- | -- |
| 2024 | $1,445 | $11,349 | -- | -- |
| 2023 | $1,445 | $51,800 | $10,360 | $41,440 |
| 2022 | $1,437 | $33,480 | $6,690 | $26,790 |
| 2021 | $1,461 | $24,330 | $4,860 | $19,470 |
| 2020 | $1,424 | $22,820 | $4,560 | $18,260 |
| 2019 | $1,362 | $19,400 | $3,880 | $15,520 |
| 2018 | $1,317 | $18,750 | $3,750 | $15,000 |
| 2017 | $1,209 | $14,160 | $2,830 | $11,330 |
| 2016 | $1,167 | $13,100 | $2,620 | $10,480 |
| 2015 | $1,084 | $11,310 | $2,260 | $9,050 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/27/2025 06/27/25 | For Sale | $900,000 | 0.0% | -- | |
| 08/08/2020 08/08/20 | Sold | $900,000 | -5.3% | $376 / Sq Ft | View Prior Sale |
| 07/08/2020 07/08/20 | For Sale | $950,000 | +5.6% | $396 / Sq Ft | |
| 07/03/2020 07/03/20 | Off Market | $900,000 | -- | -- | |
| 06/26/2020 06/26/20 | Pending | -- | -- | -- | |
| 05/13/2020 05/13/20 | Price Changed | $950,000 | -1.0% | $396 / Sq Ft | |
| 03/02/2020 03/02/20 | For Sale | $960,000 | -- | $401 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $740,000 | Old Republic Title Agency | |
| Warranty Deed | $445,000 | Chicago Title Agency | |
| Warranty Deed | $352,800 | Security Title Agency Inc | |
| Deed Of Distribution | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $333,750 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6887549
APN: 110-27-021
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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