NOT LISTED FOR SALE
3 Beds
4 Baths
825 Sq Ft
1926 Built

Sale Details

Date Sold: April 16, 2025

Last sale price $1,220,000 $1,479 Per Sq Ft

9 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of April 2025

This sale consists of 4 lots with a total of 15 units. 109-32-014
109-32-015
109-32-016
109-32-017
13 units currently have tenants on month to month leases, several tenants have been there for years but definitely room to raise rents.
Great cap rate and priced very well!
No access to the properties until contract acceptance. Drive by only.

Last Agent to Sell the Property

Robert Hershey

PMI Phx Gateway License #BR506143000 Listed on: 02/26/2025

Last Buyer's Agent

Mitchell Drake

ABI Multifamily License #SA675761000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $669

Year Built

  • Built in 1926

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Lot Details

  • Additional Parcels

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 14
  • Assessor Parcel Number 109-32-014

Community Details

Overview

  • 15 Buildings
  • 15 Units
  • Building Dimensions are 140x200
  • Capitol Addition Subdivision

Building Details

  • Operating Expense $669
  • Gross Income $135,478
  • Net Operating Income $130,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$669

Year Built

Built in 1926

Listing Details

  • Cross Street: Adams and 22nd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 15
  • Ownership: Fee Simple
  • Year Built: 1926
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: CAPITOL ADDITION
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Other

Garage/Parking

  • Parking Features: Assigned, On Street
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Assigned: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, See Remarks, Window/Wall Unit, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 140x200
  • Additional Parcels: Yes
  • Parcel #: 109-32-014

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 15
  • Annual Gross Income: 135477.6
  • Property Net Operating Income: 130600.0
  • Annual Operating Expense: 669.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 669.0
  • Tax Book Number: 109.00
  • Tax Lot: 14

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Central City, AZ

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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 Buyer Sale Price Title Company
$1,220,000 Stewart Title & Trust Of Phoen
Gwin Ira Ernest -- Professional Escrow Resources
Gwin Roman $355,000 Old Republic Title Agency
Gwin Ira Ernest $570,000 Equity Title Agency Inc
Sanjel Krum Investments Az Llc $60,000 Lawyers Title Of Arizona Inc
Russell William M -- None Available
Federal Home Loan Mortgage Corporation $97,632 None Available
S T A T Properties Llc -- Grand Canyon Title Agency In
Garner Todd $205,000 Grand Canyon Title Agency In
Gardner Todd -- Grand Canyon Title Agency In
Porter Steve -- Grand Canyon Title Agency In
Twenty One Forty Two West Washington Tru $205,000 Grand Canyon Title Agency In
Source: Public Records

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 Borrower Loan Amount
Open $434,000
Closed Amloc Real Estate Group Llc $1,025,000
Previous Owner Gwin Ira $625,000
Previous Owner Gwin Ira $75,000
Previous Owner Gwin Roman $220,230
Previous Owner Gwin Ira Ernest $348,700
Previous Owner Sanjel Krum Investments Az Llc $91,100
Previous Owner Sanjel Krum Investments Az Llc $253,712
Previous Owner Sanjel Krum Investments Az Llc $78,000
Previous Owner Sanjel Krum Investments Az Llc $60,000
Previous Owner Taylor Patricia $54,061
Previous Owner Russell William M $23,575
Previous Owner Garner Todd $164,000
Source: Public Records

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 Prior Sale
04/16/2025 04/16/25 Sold $1,220,000 +1.7% $1,479 / Sq Ft
04/09/2025 04/09/25 Price Changed $1,200,000 0.0% $1,455 / Sq Ft
03/07/2025 03/07/25 Pending -- -- --
03/06/2025 03/06/25 Pending -- -- --
02/26/2025 02/26/25 For Sale $1,200,000 +1900.0% $1,455 / Sq Ft
11/20/2013 11/20/13 Sold $60,000 -7.6% $73 / Sq Ft View Prior Sale
11/08/2013 11/08/13 Pending -- -- --
11/04/2013 11/04/13 For Sale $64,900 -- $79 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $711 $5,005
2024 $663 $4,766
2023 $663 $24,220 $4,840 $19,380
2022 $639 $15,950 $3,190 $12,760
2021 $634 $13,950 $2,790 $11,160
2020 $642 $11,270 $2,250 $9,020
2019 $641 $9,830 $1,960 $7,870
2018 $630 $8,170 $1,630 $6,540
2017 $615 $7,360 $1,470 $5,890
2016 $598 $5,260 $1,050 $4,210
2015 $553 $4,160 $830 $3,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6829683

Arizona Regional Multiple Listing Service (ARMLS)
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