$995,000

Estimated payment $5,409/month

Total Views 7,067
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • RV or Boat Parking
  • Brick Veneer
  • Ceiling Fan
  • The Creighton Academy Rated 10
  • Multiple cooling system units
  • Concrete Flooring

About This Home

5 Units » All Units Updated in the past 2 years » In-Unit Laundry/Hook-Ups » New Roof 2021 » Massive Lot for Expansion » High-Demand Area » Growth Play » Collect cash flow while planning your value-add or expansion strategy. (NOI reflects full lease-up, which we're approaching through ongoing marketing efforts and prospective tenant applications.)

Listing Agent

Hudson Robison

The Broker Reserve LLC License #BR692045000 Listed on: 08/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,854

Year Built

  • Built in 1950

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Free Parking
  • RV or Boat Parking

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 120-20-030-A

Community Details

Overview

  • 5 Units
  • Building Dimensions are 306' x 60'

Building Details

  • Operating Expense $31,107
  • Gross Income $71,853
  • Net Operating Income $40,076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,854

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: E McDowell Rd & N 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2024
  • Directions: North of McDowell on 32nd. Property is on your left. Driveway is to the north of the building with additional parking in the back.
  • Road Surface Type: Gravel, Dirt, Concrete
  • Professional Management Expense: 4162.88
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Free-Standing Range, Refrigerator, Free-Standing Electric Oven, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Brick Veneer, Wood Frame, 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: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features Free2: Yes
  • Parking Features RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit, 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes

Fee Information

  • Annual Fuel Expense: 302.03
  • Trash Expense: 1919.67

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 5
  • Electric Expense: 2536.79
  • Annual Gross Income: 71852.74
  • Insurance Expense: 2741.0
  • Maintenance Expense: 17590.25
  • Property Net Operating Income: 40075.97
  • Annual Operating Expense: 31106.62

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
08/11/2025 08/11/25 For Sale $995,000 +63.9% --
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 $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
Closed $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

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6904379

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-030A