$539,900
SOLD JUL 1, 2025
-- Bed
-- Bath
1,440 Sq Ft
1958 Built

Recently Sold

$375 Per Sq Ft

105 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • ENERGY STAR Qualified Equipment
  • Phoenix Coding Academy Rated A

About This Home

As of July 2025

Guaranteed Government Rental Income + Damage Protection, Massive Cash-Flowing Opportunity Backed by Home INC

This property is enrolled in a government-funded program through Home Inc., offering guaranteed monthly rental payments, vacancy loss coverage, and damage protection—minimizing risk and maximizing returns.

Recent Upgrades Include: $30,000 new A/C and HVAC system, $20,000 brand new roof,Upgraded interior finishes, Modernized and energy-efficient windows

A true turn-key investment opportunity with strong upside and built-in stability. Don't miss this high-yield property backed by reliable government support. This property is a fantastic investment featuring three 2-bedroom, 1-bath units, all consolidated into one income-generating property.

Last Agent to Sell the Property

Emir Lopez

Lake Pleasant Real Estate License #SA668385000 Listed on: 01/28/2025

Last Buyer's Agent

Mayra Leon

Realty of America LLC License #SA715419000

Realty of America LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $480

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Additional Features

  • Ceramic Tile Flooring
  • ENERGY STAR Qualified Equipment
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 23
  • Assessor Parcel Number 109-62-141

Community Details

Overview

  • 3 Units
  • Building Dimensions are 50x121
  • I On A Home Tr Subdivision

Building Details

  • Operating Expense $480
  • Gross Income $54,000
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$480

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 23rd Avenue and Buckeye Road
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2024
  • Directions: Go north of Buckeye Road on 23rd Avenue and west on Maricopa
  • Road Surface Type: Asphalt
  • Subdivision Name: I-ON-A Home TR
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, ENERGY STAR Qualified Equipment
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 50x121
  • Additional Parcels: No
  • Parcel #: 109-62-141

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 54000.0
  • Property Net Operating Income: 48000.0
  • Annual Operating Expense: 480.0

Tax Info

  • Tax Annual Amount: 480.0
  • Tax Book Number: 109.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2025
Closed on
Jun 16, 2025
Sold by
Plaisted Robert Dennis
Bought by
Garcia David
Seller's Agent
Emir Lopez
Lake Pleasant Real Estate
Buyer's Agent
Mayra Leon
Realty of America LLC
List Price
$539,000
Sold Price
$539,900
Premium/Discount to List
$900
0.17%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.26%
Original Mortgage
$512,050
Outstanding Balance
$512,050
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$832

Purchase Details

Listed on
Sep 16, 2021
Closed on
Feb 23, 2022
Sold by
Damianta Properties Llc
Bought by
Plaisted Robert Dennis
Seller's Agent
Greg Anderson
HomeSmart
Buyer's Agent
Emir Lopez
Lake Pleasant Real Estate
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$360,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2014
Closed on
Jan 27, 2015
Sold by
E Investment Properties Inc
Bought by
Damianta Properties Llc
Seller's Agent
Richard Barker
Keller Williams Arizona Realty
Buyer's Agent
Richard Barker
Keller Williams Arizona Realty
List Price
$109,900
Sold Price
$64,000
Premium/Discount to List
-$45,900
-41.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.97%
Original Mortgage
$64,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 15, 2014
Closed on
Dec 22, 2014
Sold by
Pj Money Llc
Bought by
Im In Mudd Llc
Seller's Agent
Richard Barker
Keller Williams Arizona Realty
Buyer's Agent
Richard Barker
Keller Williams Arizona Realty
List Price
$109,900
Sold Price
$64,000
Premium/Discount to List
-$45,900
-41.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 20, 2013
Closed on
Jul 3, 2013
Sold by
Rigokiwi Investments Llc
Bought by
Jp Money Llc
Seller's Agent
Richard Barker
Keller Williams Arizona Realty
Buyer's Agent
Richard Barker
Keller Williams Arizona Realty
List Price
$65,000
Sold Price
$48,000
Premium/Discount to List
-$17,000
-26.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.78%

Purchase Details

Closed on
Jun 5, 2009
Sold by
Af Partnership Venture Llc
Bought by
85009 Llc

Purchase Details

Closed on
Feb 19, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
Af Partnership Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,875
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2008
Sold by
Penuelas Saturnino
Bought by
Deutsche Bank Trust Co Americas and Hsbc Bank Usa Na Ace 2006-Nc1

Purchase Details

Closed on
Jul 25, 2005
Sold by
Penuelas Rosenda
Bought by
Penuelas Saturnino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2005
Sold by
Murillo Jorge S and Murillo Arminda M
Bought by
Penuelas Saturnino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $539,000 Title Services Of The Valley
Warranty Deed $450,000 Lawyers Title
Cash Sale Deed $69,000 Fidelity Natl Title Agency
Special Warranty Deed -- Fidelity Natl Title Agency
Warranty Deed $64,000 Fidelity Natl Title Agency
Cash Sale Deed $48,000 Fidelity National Title Agen
Quit Claim Deed -- None Available
Special Warranty Deed $28,875 Great American Title Agency
Trustee Deed $114,750 None Available
Interfamily Deed Transfer -- Dhi Title Of Arizona Inc
Warranty Deed $125,000 Dhi Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $512,050 New Conventional
Previous Owner $360,000 New Conventional
Previous Owner $64,000 Purchase Money Mortgage
Previous Owner $28,875 Purchase Money Mortgage
Previous Owner $112,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Sold $539,900 +0.2% $375 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
05/13/2025 05/13/25 For Sale $539,000 0.0% $374 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
05/06/2025 05/06/25 Pending -- -- --
05/06/2025 05/06/25 Price Changed $539,000 -2.0% $374 / Sq Ft
05/06/2025 05/06/25 For Sale $549,900 0.0% $382 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/16/2025 04/16/25 Price Changed $549,900 -4.4% $382 / Sq Ft
03/26/2025 03/26/25 Price Changed $575,000 0.0% $399 / Sq Ft
03/26/2025 03/26/25 For Sale $575,000 -4.2% $399 / Sq Ft
03/21/2025 03/21/25 Pending -- -- --
01/28/2025 01/28/25 For Sale $599,900 +33.3% $417 / Sq Ft
03/15/2022 03/15/22 Sold $450,000 0.0% $313 / Sq Ft
03/07/2022 03/07/22 For Sale $450,000 0.0% $313 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
12/08/2021 12/08/21 Price Changed $450,000 -2.2% $313 / Sq Ft
11/07/2021 11/07/21 Price Changed $460,000 -1.1% $319 / Sq Ft
10/06/2021 10/06/21 Price Changed $465,000 -9.7% $323 / Sq Ft
09/16/2021 09/16/21 For Sale $515,000 +704.7% $358 / Sq Ft
12/24/2014 12/24/14 Sold $64,000 -41.8% $44 / Sq Ft
12/19/2014 12/19/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $109,900 +129.0% $76 / Sq Ft
07/09/2013 07/09/13 Sold $48,000 -26.2% $33 / Sq Ft
06/20/2013 06/20/13 Pending -- -- --
06/20/2013 06/20/13 For Sale $65,000 -- $45 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $480 $3,801 -- --
2024 $456 $3,620 -- --
2023 $456 $19,260 $3,850 $15,410
2022 $437 $13,070 $2,610 $10,460
2021 $463 $11,700 $2,340 $9,360
2020 $448 $9,880 $1,970 $7,910
2019 $443 $8,530 $1,700 $6,830
2018 $434 $6,820 $1,360 $5,460
2017 $417 $6,350 $1,270 $5,080
2016 $423 $4,700 $940 $3,760
2015 $394 $4,060 $810 $3,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6811531

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-62-141