1905 E Illini St Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $3,076/month
Highlights
- Breakfast Bar
- Patio
- Central Air
- Phoenix Coding Academy Rated A
- Attached Carport
- Ceiling Fan
About This Home
Outstanding investment opportunity! Built in 2024 and located in a designated Opportunity Zone, this fully leased duplex offers immediate cash flow with approximately $34,000 in annual income and an attractive 7% CAP rate. Quality workforce housing with dependable tenants who pay on time and cover their own electric; landlord pays only water and sewer. Also available is the adjacent duplex at 1835 E. Illini, creating a rare opportunity to acquire a side-by-side 4-plex. Each unit features wood-look tile flooring, Samsung appliances, 42'' espresso cabinetry, 2'' wood blinds, and contemporary finishes throughout. Ample parking, low-maintenance construction, and excellent condition make this a true turnkey investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,228
Year Built
- Built in 2025
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Drapes & Rods
- Blinds
- Breakfast Bar
Parking
- 4 Parking Spaces
- Attached Carport
- Additional Parking
Outdoor Features
- Patio
Schools
- Percy L Julian Elementary And Middle School
- South Mountain High School
Utilities
- Central Air
- Air Source Heat Pump
- Separate Meters
- Natural Gas Not Available
- Cable TV Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 14
- Assessor Parcel Number 122-32-091
Community Details
Overview
- 2 Units
- Building Dimensions are 7353 SF
- Progress Place Subdivision
Building Details
- Operating Expense $13,505
- Gross Income $44,400
- Net Operating Income $34,022
Map
Home Values in the Area
Average Home Value in this Area
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 | $299 | $1,984 | ||
| 2024 | $283 | $1,889 | ||
| 2023 | $283 | $4,580 | $4,430 | $150 |
| 2022 | $277 | $4,120 | $3,970 | $150 |
| 2021 | $283 | $3,570 | $3,420 | $150 |
| 2020 | $280 | $2,770 | $2,620 | $150 |
| 2019 | $270 | $2,190 | $1,930 | $260 |
| 2018 | $263 | $2,050 | $1,800 | $250 |
| 2017 | $251 | $1,970 | $1,760 | $210 |
| 2016 | $239 | $1,830 | $1,610 | $220 |
| 2015 | $225 | $1,840 | $1,620 | $220 |
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 |
|---|---|---|---|---|
| 06/22/2026 06/22/26 | Price Changed | $499,900 | +2.0% | -- |
| 06/10/2026 06/10/26 | For Sale | $489,900 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7040009
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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Ask me questions while you tour the home.