$526,000
$50K PRICE DROP

Estimated payment $2,975/month

Total Views 3,898
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

100% Occupied Duplex with two 2 bed/1 bath units. Both units rented at $1375/month. Both Tenants are current on payments and have good payment history. Tenants pay utilities (electricity, natural gas, city services). Washer/dryer in each unit. A/C units are in good condition and professionally cleaned/serviced annually. Water heater is only a few years old. Large driveway with room to park up to six vehicles. Fresh landscaping just redone last year. All windows recently replaced with high-efficiency dual-pane glass. Clean, quiet area with great schools nearby!

Listing Agent

David Liston

HomeSmart License #SA714556000 Listed on: 04/16/2025

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,072

Year Built

  • Built in 1940

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 117-09-026

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7061 sq. ft.
  • Vel Ru Heights Subdivision

Building Details

  • Operating Expense $11,772
  • Gross Income $38,190
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,072

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: 24th Street and McDowell Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2024
  • Directions: ** West on McDowell Rd. ** North on 22nd Street ** Property is located on the NE corner of 22nd Street and Monte Vista Rd. **
  • Road Surface Type: Asphalt
  • Subdivision Name: VEL RU HEIGHTS
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Free-Standing Gas Oven, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Fuel Expense: 600.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7061 sq. ft.
  • Additional Parcels: No
  • Parcel #: 117-09-026

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 2
  • Electric Expense: 3600.0
  • Annual Gross Income: 38190.0
  • Insurance Expense: 2500.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 11772.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2072.0
  • Tax Book Number: 117.00
  • Tax Lot: 2

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 $2,072 $15,934 -- --
2024 $2,048 $15,176 -- --
2023 $2,048 $34,280 $6,850 $27,430
2022 $1,967 $26,800 $5,360 $21,440
2021 $2,015 $23,500 $4,700 $18,800
2020 $1,966 $21,800 $4,360 $17,440
2019 $1,952 $18,550 $3,710 $14,840
2018 $1,912 $17,010 $3,400 $13,610
2017 $1,838 $14,380 $2,870 $11,510
2016 $850 $11,570 $2,310 $9,260
2015 $702 $10,350 $2,070 $8,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Price Changed $526,000 -8.7% --
04/16/2025 04/16/25 For Sale $576,000 +67.9% --
02/23/2021 02/23/21 Sold $343,125 -3.3% $180 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
01/27/2021 01/27/21 Price Changed $355,000 -5.3% $187 / Sq Ft
11/23/2020 11/23/20 For Sale $375,000 -- $197 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $343,125 Chicago Title Agency
Cash Sale Deed $63,500 Chicago Title Agency Inc
Warranty Deed $32,000 The Talon Group
Warranty Deed $75,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $499,510 New Conventional
Previous Owner $25,600 New Conventional
Previous Owner $149,100 Stand Alone First
Previous Owner $67,500 Purchase Money Mortgage
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6853969

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-09-026