1611 W Osborn Rd Phoenix, AZ 85015
Encanto Neighborhood
--
Bed
--
Bath
2,396
Sq Ft
7,405
Sq Ft Lot
Highlights
- 10 Car Attached Garage
- Central Heating and Cooling System
- Vinyl Flooring
- Phoenix Coding Academy Rated A
About This Home
As of August 2021Welcome to Six on Osborn. Excellent investment opportunity located in the highly sought after historic district of North Encanto! This sale includes two buildings. 1605 and 1611 W Osborn. Both are separately parceled. APN#'s 110-27-023 and 110-27-023. $1,450,000.00 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $725,000 each. Well maintained, and have been updated over the last few years. All large 2 bed units one bath units! All rents are currently below market at $1,000-$1,100. Current leases are about to expire. Market rents are $1450-$1550. Great location for an Air B&B/VRBO. Three newer AC units, new tankless water heaters for both buildings. Upgraded cabinets, counters, flooring and paint in units. New Electrical, plumbing, and new sewer line and clean-outs. New cool decking, freshly painted, beautiful desert landscape, and artificial turf for low maintenance management. Coin operating laundry for extra income. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,808
Year Built
- Built in 1953
Lot Details
- Property fronts an alley
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
- Stone Exterior Construction
Flooring
- Vinyl Flooring
Parking
- 10 Car Attached Garage
- 10 Open Parking Spaces
- Carport
Utilities
- Central Heating and Cooling System
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 21
- Assessor Parcel Number 110-27-021
Community Details
Overview
- 2 Buildings
- 6 Units
- Building Dimensions are 15576
- College Homes Subdivision
Building Details
- Operating Expense $20,727
- Gross Income $103,740
- Net Operating Income $82,743
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2021
Closed on
Jul 29, 2021
Sold by
Valenti Leonard A and Valenti Tena R
Bought by
Nickel Dewayne T and Guzman Linda G
Seller's Agent
Michael Gordon
Grace CRE
Buyer's Agent
Luis Cervera
eXp Realty
List Price
$1,450,000
Sold Price
$1,470,000
Premium/Discount to List
$20,000
1.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.45%
Original Mortgage
$476,000
Outstanding Balance
$433,433
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$334,269
Purchase Details
Closed on
Jul 23, 2020
Sold by
Swmbo Properties Llc
Bought by
Valenti Leonard and Valenti Tena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2017
Sold by
Perez Maria R
Bought by
Swmbo Properties Llc
Similar Homes in Phoenix, AZ
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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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $730,000 | Old Republic Title Agency | |
| Warranty Deed | $445,000 | Chicago Title Agency Inc | |
| Warranty Deed | $352,800 | Security Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $476,000 | New Conventional | |
| Previous Owner | $333,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $900,000 | -38.8% | $376 / Sq Ft |
| 08/20/2021 08/20/21 | Sold | $1,470,000 | +1.4% | $614 / Sq Ft |
| 08/06/2021 08/06/21 | For Sale | $1,450,000 | 0.0% | $605 / Sq Ft |
| 08/06/2021 08/06/21 | Price Changed | $1,450,000 | 0.0% | $605 / Sq Ft |
| 06/30/2021 06/30/21 | For Sale | $1,450,000 | -- | $605 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,454 | $11,583 | -- | -- |
| 2024 | $1,404 | $11,032 | -- | -- |
| 2023 | $1,404 | $50,000 | $10,000 | $40,000 |
| 2022 | $1,396 | $32,770 | $6,550 | $26,220 |
| 2021 | $1,420 | $23,660 | $4,730 | $18,930 |
| 2020 | $1,384 | $22,080 | $4,410 | $17,670 |
| 2019 | $1,324 | $18,860 | $3,770 | $15,090 |
| 2018 | $1,280 | $18,220 | $3,640 | $14,580 |
| 2017 | $1,175 | $13,670 | $2,730 | $10,940 |
| 2016 | $1,134 | $12,650 | $2,530 | $10,120 |
| 2015 | $1,054 | $10,920 | $2,180 | $8,740 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff & Lisa Armbruster
Seller's Agent in 2025
Jeff & Lisa Armbruster
Russ Lyon Sotheby's International Realty
(602) 550-3844
58 Total Sales
-
Michael Gordon
Seller's Agent in 2021
Michael Gordon
Grace CRE
(858) 774-6058
3 in this area
72 Total Sales
-
Sophia Baron
Seller Co-Listing Agent in 2021
Sophia Baron
Grace CRE
(480) 375-0227
3 in this area
89 Total Sales
-
Luis Cervera
Buyer's Agent in 2021
Luis Cervera
eXp Realty
(602) 230-7600
1 in this area
86 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6258106
APN: 110-27-023
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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