$934,900
$90K PRICE DROP

Estimated payment $5,314/month

Total Views 4,528
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

This 4-unit, garden-style property, originally built in 1986, was extensively renovated and modernized in 2024, with approximately $75,000 in capital expenditures per unit. The property features two large 1-bedroom/1-bathroom units and two spacious 2-bedroom/2-bathroom units, each equipped with an in-suite washer and dryer. Upgrades include new flooring, cabinets, countertops, electrical, walk-in showers, stainless steel appliances, and more. Ideally located near Phoenix Children's Hospital, Phoenix Country Club, and Coronado Park, the property also offers easy access to State Route 51. Additionally, each unit is individually metered for electricity, making this a prime investment opportunity.

Listing Agent

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 02/25/2025

Co-Listing Agent

Bryce Neagle

ABI Multifamily License #SA692871000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,694

Year Built

  • Built in 1986

Home Design

  • Steel Frame
  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 200
  • Assessor Parcel Number 120-33-022-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 64.84*98.37*64.84*98.37
  • East Thomas Road Tract 5 Subdivision

Building Details

  • Operating Expense $1,694
  • Gross Income $73,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,694

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: EAST THOMAS ROAD TRACT 5
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Steel Frame, Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Steel Frame: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • 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

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 64.84*98.37*64.84*98.37
  • Additional Parcels: No
  • Parcel #: 120-33-022-B

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 73200.0
  • Annual Operating Expense: 1694.0

Tax Info

  • Tax Annual Amount: 1694.0
  • Tax Book Number: 120.00
  • Tax Lot: 200

Map

Range of Values:

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Average Value
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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 $1,694 $13,028 -- --
2024 $1,674 $12,408 -- --
2023 $1,674 $44,380 $8,870 $35,510
2022 $1,609 $32,170 $6,430 $25,740
2021 $1,648 $26,460 $5,290 $21,170
2020 $1,608 $21,960 $4,390 $17,570
2019 $1,596 $19,850 $3,970 $15,880
2018 $1,563 $16,820 $3,360 $13,460
2017 $1,503 $16,360 $3,270 $13,090
2016 $1,445 $14,010 $2,800 $11,210
2015 $1,344 $11,850 $2,370 $9,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Price Changed $934,900 0.0% --
05/27/2025 05/27/25 Price Changed $934,950 0.0% --
04/21/2025 04/21/25 Price Changed $934,999 0.0% --
04/15/2025 04/15/25 Price Changed $935,000 -6.5% --
03/07/2025 03/07/25 Price Changed $999,999 0.0% --
03/06/2025 03/06/25 Price Changed $1,000,000 -2.4% --
02/25/2025 02/25/25 For Sale $1,025,000 +552.9% --
04/26/2013 04/26/13 Sold $157,000 -4.8% $101 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
02/18/2013 02/18/13 For Sale $165,000 -- $107 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed -- None Available
Warranty Deed -- Great American Ttl Agcy Inc
Warranty Deed $445,000 Great American Title Agency
Warranty Deed $150,000 Chicago Title Agency Inc
Warranty Deed -- Chicago Title
Warranty Deed -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $462,500 New Conventional
Previous Owner $12,571 Seller Take Back
Previous Owner $54,350 Commercial
Previous Owner $73,000 Commercial
Previous Owner $75,000 Seller Take Back
Previous Owner $64,000 Commercial
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6826224

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-33-022B