2002 W Jefferson St Phoenix, AZ 85009
Central City Neighborhood
--
Bed
--
Bath
700
Sq Ft
1935
Built
Highlights
- Wood Flooring
- Evaporated cooling system
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
- Community Barbecue Grill
About This Home
As of October 2023GREAT INVESTMENT OPPORTUNITY IN DOWNTOWN PHOENIX! This 3 building, 5 unit complex already has a steady stream of income with 4 out of 5 units currently rented month to month. Keep the long term tenants in place or easily update units to maximize rental rates! A mile and a half from Grand Ave Arts Distrcit, 2 miles to Chase field, 2 miles to Roosevelt Row. This is a prime location and unique property with MASSIVE potential for long term tenant rental, OR maximize income stream by using some or all units as a vacation rental! All 3 roofs replaced in 2011, partial sewer line replacement in 2005, and regular maintenance performed meticulously over the years. This is a GREAT first time investment or an experienced investor can maximize value and strengthen their portfolio!
Last Agent to Sell the Property
Retro Real Estate License #SA668750000 Listed on: 06/14/2019
Last Buyer's Agent
Winston Shieh
West USA Realty License #SA671829000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $803
Year Built
- Built in 1935
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Composition Roof
Flooring
- Wood
- Concrete
- Ceramic Tile
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Assigned Parking
Schools
- Capitol Elementary School
- Central High School
Utilities
- Evaporated cooling system
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Window Unit Heating System
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for gas, electricity, trash collection, water
- Tax Lot 24
- Assessor Parcel Number 109-49-120
Community Details
Overview
- 3 Buildings
- 5 Units
- Building Dimensions are 50x140
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $10,177
- Gross Income $30,720
- Net Operating Income $21,346
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2023
Closed on
Oct 19, 2023
Sold by
Shieh Sonya
Bought by
Arizona Land Owner Llc
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Zachary Coty
Compass
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.37%
Original Mortgage
$382,500
Outstanding Balance
$376,019
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$99,591
Purchase Details
Closed on
Jun 5, 2021
Sold by
Bo Yifeng
Bought by
Shieh Winston and Shieh Sonya
Purchase Details
Listed on
Jun 14, 2019
Closed on
Oct 16, 2019
Sold by
Twenty Three Michael Christopher and Twenty Three Joanna Lee
Bought by
Go Yifeng
Seller's Agent
John Hoge III
Retro Real Estate
Buyer's Agent
Winston Shieh
West USA Realty
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Purchase Details
Closed on
Jun 14, 2005
Sold by
Dominguez Robert C and Dominguez Arcenia B
Bought by
Hudson Michael C and Lockyear Joanna L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
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 | $505,000 | Pioneer Title Services | |
| Warranty Deed | $268,762 | Magnus Title Agency | |
| Warranty Deed | $265,000 | Equity Title Agency Inc | |
| Warranty Deed | $150,000 | Stewart Title & Trust Of Pho |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $382,500 | New Conventional | |
| Previous Owner | $120,000 | Purchase Money Mortgage | |
| Closed | $15,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $1,019,000 | +101.8% | -- |
| 10/19/2023 10/19/23 | Sold | $505,000 | -8.2% | $721 / Sq Ft |
| 09/27/2023 09/27/23 | Pending | -- | -- | -- |
| 08/31/2023 08/31/23 | For Sale | $550,000 | +107.5% | $786 / Sq Ft |
| 10/18/2019 10/18/19 | Sold | $265,000 | -3.6% | $379 / Sq Ft |
| 10/08/2019 10/08/19 | Pending | -- | -- | -- |
| 10/03/2019 10/03/19 | For Sale | $275,000 | 0.0% | $393 / Sq Ft |
| 09/27/2019 09/27/19 | Pending | -- | -- | -- |
| 09/26/2019 09/26/19 | For Sale | $275,000 | 0.0% | $393 / Sq Ft |
| 09/26/2019 09/26/19 | Price Changed | $275,000 | -5.1% | $393 / Sq Ft |
| 08/26/2019 08/26/19 | Pending | -- | -- | -- |
| 08/14/2019 08/14/19 | Price Changed | $289,900 | -3.3% | $414 / Sq Ft |
| 08/13/2019 08/13/19 | For Sale | $299,900 | 0.0% | $428 / Sq Ft |
| 07/29/2019 07/29/19 | Pending | -- | -- | -- |
| 06/25/2019 06/25/19 | For Sale | $299,900 | 0.0% | $428 / Sq Ft |
| 06/20/2019 06/20/19 | Pending | -- | -- | -- |
| 06/14/2019 06/14/19 | For Sale | $299,900 | -- | $428 / 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 | $853 | $6,379 | -- | -- |
| 2024 | $845 | $6,076 | -- | -- |
| 2023 | $845 | $31,960 | $6,390 | $25,570 |
| 2022 | $815 | $21,210 | $4,240 | $16,970 |
| 2021 | $809 | $18,500 | $3,700 | $14,800 |
| 2020 | $818 | $15,050 | $3,010 | $12,040 |
| 2019 | $817 | $13,230 | $2,640 | $10,590 |
| 2018 | $803 | $10,900 | $2,180 | $8,720 |
| 2017 | $784 | $9,820 | $1,960 | $7,860 |
| 2016 | $762 | $7,080 | $1,410 | $5,670 |
| 2015 | $705 | $6,300 | $1,260 | $5,040 |
Source: Public Records
Agents Affiliated with this Home
-
Zachary Coty
Z
Seller's Agent in 2025
Zachary Coty
Compass
(602) 319-1326
3 in this area
15 Total Sales
-
Jennie Miller PLLC
Seller's Agent in 2023
Jennie Miller PLLC
Market Edge Realty, LLC
(480) 382-9681
4 in this area
53 Total Sales
-
John Hoge III
Seller's Agent in 2019
John Hoge III
Retro Real Estate
(602) 469-2651
71 Total Sales
-
Sacha Blanchet
Seller Co-Listing Agent in 2019
Sacha Blanchet
Coldwell Banker Realty
(602) 882-4921
1 in this area
212 Total Sales
-
W
Buyer's Agent in 2019
Winston Shieh
West USA Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5939823
APN: 109-49-120
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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