$995,000
$155K PRICE DROP

Estimated payment $5,650/month

Total Views 3,211
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • RV or Boat Parking
  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • The Creighton Academy Rated 9+
  • Ceiling Fan
  • Window Unit Heating System

About This Home

A versatile, oversized infill lot in a high-demand submarket with clear options for future expansion or added density. All five units have been fully updated within the past two years, each with in-unit laundry or hookups, and the roof was replaced in 2021. Two units are actively being marketed with strong demand, and full occupancy is expected shortly. Whether you're looking for stabilized cash flow, future redevelopment potential, or a hybrid of both, this property checks all the boxes. Residential financing is available — strong play at this price point.

Listing Agent

Hudson Robison

The Firm RE License #BR692045000 Listed on: 04/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,854

Year Built

  • Built in 1950

Home Design

  • Composition Roof
  • Cement Siding
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Vinyl

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • RV or Boat Parking

Schools

  • The Creighton Academy Elementary School
  • Gateway Middle School
  • Cesar Chavez High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Listing and Financial Details

  • Assessor Parcel Number 120-20-030-A

Community Details

Overview

  • 5 Units
  • Building Dimensions are 60 x 306

Building Details

  • Operating Expense $20,093
  • Gross Income $55,964
  • Net Operating Income $33,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,854

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 32nd Street & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Mobile Home Prk Info Avg Rent R V Spaces: 250.0
  • Tax Year: 2024
  • Directions: From Loop 202, exit north onto 32nd Street. Continue straight, passing through the intersection at McDowell Road. The property will be on your left side.
  • Road Surface Type: Gravel, Dirt, Concrete
  • Professional Management Expense: 4162.88
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Const - Finish Cement Siding: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Built-In Range, Free-Standing Range, Disposal, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Cement Siding, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: RV Access/Parking, Free, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Window/Wall Unit
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Fuel Expense: 889.0
  • Annual Water Sewer Expense: 1542.0

Schools

  • Elementary School: The Creighton Academy
  • High School: Cesar Chavez High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Gateway School

Lot Info

  • Lot Size: 60 x 306
  • Additional Parcels: No
  • Parcel #: 120-20-030-A

Multi Family

  • Owner Pays: See Remarks, Trash Collection
  • Number Of Units Total: 5
  • Electric Expense: 2209.75
  • Annual Gross Income: 55963.9
  • Insurance Expense: 1435.0
  • Maintenance Expense: 8000.0
  • Property Net Operating Income: 33612.87
  • Annual Operating Expense: 20092.63
  • Vacancy Allowance Rate: 0.4

Tax Info

  • Tax Annual Amount: 1854.0
  • Tax Book Number: 120.00
  • Tax Lot: N/A

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,854 $14,260 -- --
2024 $1,832 $13,581 -- --
2023 $1,832 $53,280 $10,650 $42,630
2022 $1,761 $39,630 $7,920 $31,710
2021 $1,804 $33,230 $6,640 $26,590
2020 $1,760 $26,670 $5,330 $21,340
2019 $1,747 $21,370 $4,270 $17,100
2018 $1,711 $17,450 $3,490 $13,960
2017 $1,645 $17,650 $3,530 $14,120
2016 $1,581 $15,600 $3,120 $12,480
2015 $1,471 $13,530 $2,700 $10,830
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $995,000 -13.5% --
04/16/2025 04/16/25 For Sale $1,150,000 +89.5% --
03/22/2023 03/22/23 Sold $607,000 -6.5% $216 / Sq Ft
01/18/2023 01/18/23 For Sale $649,000 +36.6% $231 / Sq Ft
11/16/2020 11/16/20 Sold $475,000 -4.6% $169 / Sq Ft
09/14/2020 09/14/20 Price Changed $498,000 -0.2% $177 / Sq Ft
08/19/2020 08/19/20 Price Changed $499,000 +0.2% $177 / Sq Ft
07/17/2020 07/17/20 Price Changed $498,000 -23.4% $177 / Sq Ft
05/28/2020 05/28/20 Price Changed $650,000 -0.2% $231 / Sq Ft
05/28/2020 05/28/20 Price Changed $651,000 -13.2% $231 / Sq Ft
05/05/2020 05/05/20 For Sale $750,000 -- $267 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $607,000 Empire Title Services
Warranty Deed $475,000 Grand Canyon Title Agency
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Special Warranty Deed $160,000 Chicago Title Insurance Co
Warranty Deed $75,000 Stewart Title & Trust
Interfamily Deed Transfer $110,000 First Southwestern Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $327,780 New Conventional
Previous Owner $145,000 Seller Take Back
Previous Owner $5,000 Seller Take Back
Previous Owner $5,000 Seller Take Back
Previous Owner $45,702 Seller Take Back
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6852303

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-030A