NOT LISTED FOR SALE

Estimated Value: $644,000 - $893,000

-- Bed
-- Bath
-- Sq Ft
1954 Built

Last Sold July 25, 2019

Last sale price $485,000

Est. 88% increase in value since last sale

Current estimated payment $5,014/month

19 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of July 2019

Incredible opportunity to purchase this four-plex on 24th Street, on a large lot, with huge redevelopment potential! This property is comprised of four,units, which are currently rented below market value, presenting a unique value-add and/or redevelopment opportunity. This is one of the most desirable submarkets in the Valley, experiencing tremendous growth, revitalization and redevelopment, and boasting upscale shopping, dining, local hot spots, and the Biltmore financial district.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 05/23/2019

Co-Listed By

Jason Butler

R.O.I. Properties License #BR545613000

Last Buyer's Agent

Jeremy Brown

My Home Group Real Estate License #SA559444000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,128

Year Built

  • Built in 1954

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 119-05-077

Community Details

Overview

  • 4 Units
  • Building Dimensions are 17,149

Building Details

  • Operating Expense $2,128

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,128

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 24TH STREET & INDIAN SCHOOL
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2018
  • Directions: 24th Street south of Indian School, between Osborn Road and Indian School Rd.
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 17,149
  • Additional Parcels: No
  • Parcel #: 119-05-077

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Operating Expense: 2128.0

Tax Info

  • Tax Annual Amount: 2128.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2025
Sold by
Whitton Capital Llc
Bought by
24 Street Investments Llc
Current Estimated Value
$912,921

Purchase Details

Listed on
May 23, 2019
Closed on
Aug 8, 2019
Sold by
Villanueva Walter
Bought by
Whitton Capital Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Jeremy Brown
My Home Group Real Estate
List Price
$495,000
Sold Price
$485,000
Premium/Discount to List
-$10,000
-2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.59%
Original Mortgage
$363,750
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 23, 2019
Closed on
Jul 18, 2019
Sold by
Rlp Investments Llc
Bought by
Villanueva Walter
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Jeremy Brown
My Home Group Real Estate
List Price
$495,000
Sold Price
$485,000
Premium/Discount to List
-$10,000
-2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2018
Sold by
Runnels Stanley and Runnels Cherryl C
Bought by
Rlp Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2005
Sold by
Passariello Robert B
Bought by
Runnels Stanley and Runnels Cherryl C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2003
Sold by
Grosberg John A and Grosberg Shelia S
Bought by
Passariello Robert B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,400
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 1997
Sold by
Grosberg John A and Grosberg Shelia S
Bought by
Grosberg John A and Grosberg Shelia S
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 Buyer Sale Price Title Company
24 Street Investments Llc -- None Listed On Document
Whitton Capital Llc -- Accommodation
Villanueva Walter $485,000 Magnus Title Agency Llc
Rlp Investments Llc $465,000 American Title Service Agenc
Runnels Stanley $358,750 Fidelity National Title
Passariello Robert B $233,000 Capital Title Agency Inc
Grosberg John A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villanueva Walter $363,750
Previous Owner Rlp Investments Llc $348,000
Previous Owner Runnels Stanley $240,000
Previous Owner Passariello Robert B $186,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2019 07/25/19 Sold $485,000 -2.0% --
05/23/2019 05/23/19 For Sale $495,000 -- --
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 $2,305 $17,732 -- --
2024 $2,279 $16,888 -- --
2023 $2,279 $69,820 $13,960 $55,860
2022 $2,189 $51,060 $10,210 $40,850
2021 $2,243 $47,110 $9,420 $37,690
2020 $2,188 $38,920 $7,780 $31,140
2019 $2,173 $30,550 $6,110 $24,440
2018 $2,128 $23,960 $4,790 $19,170
2017 $2,046 $23,380 $4,670 $18,710
2016 $1,966 $19,810 $3,960 $15,850
2015 $1,829 $17,360 $3,470 $13,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5930210

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-05-077