1947 E Raymond St Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $2,645/month
Highlights
- Popular Property
- 6 Car Attached Garage
- Ceiling Fan
- Phoenix Coding Academy Rated A
- Central Heating and Cooling System
- Desert Landscape
About This Home
*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,491
Year Built
- Built in 2020
Lot Details
- Desert Landscape
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 4 Bedrooms
- Ceiling Fan
- Vertical Blinds
Parking
- 6 Car Attached Garage
- 4 Open Parking Spaces
- Parking Available
Schools
- Percy L Julian Elementary And Middle School
- South Mountain High School
Utilities
- Central Heating and Cooling System
- Natural Gas Not Available
- Cable TV Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 20
- Assessor Parcel Number 122-32-020-C
Community Details
Overview
- 2 Units
- Building Dimensions are 6912 sq ft
- Progress Place Subdivision
Building Details
- Operating Expense $11,293
- Gross Income $36,000
- Net Operating Income $28,198
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 | $3,491 | $23,152 | ||
| 2024 | $3,304 | $22,049 | ||
| 2023 | $3,304 | $48,380 | $9,670 | $38,710 |
| 2022 | $3,238 | $31,770 | $6,350 | $25,420 |
| 2021 | $3,304 | $28,010 | $5,600 | $22,410 |
| 2020 | $289 | $3,375 | $3,375 | $0 |
| 2019 | $279 | $2,505 | $2,505 | $0 |
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 |
|---|---|---|---|---|
| 09/02/2026 09/02/26 | For Sale | $416,900 | -- | -- |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $120,000 | Security Title Agency Inc | |
| Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Trustee Deed | $175,379 | Servicelink | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Previous Owner | $125,000 | Commercial | |
| Previous Owner | $67,500 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7074366
APN: 122-32-020C
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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