$419,900

Estimated payment $2,242/month

Total Views 2,640
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Popular Property
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

Great for Airbnb or long term rental income. This is the best value in Central Phoenix. Welcome to a true Mid Century Gem in the Vel Ru neighborhood. A blend of timeless charm with modern updates, this centrally located property offers comfort. style and convenience all in one. Minutes from airport and Downtown. Each unit features two spacious bedrooms with abundant natural light and closet space. The open living areas showcase durable luxury vinyl plank flooring, creating a clean cohesive look. Galley kitchen and dining area perfect for entertaining. The surrounding neighborhood is being gentrified with tons of high end new builds and townhomes. Each unit has it's own gated yard. This is a rare opportunity to own a stylish move in ready duplex in a great up and coming neighborhood.

Listing Agent

Wayne Beneteau

HomeSmart License #SA513221000 Listed on: 02/20/2026

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $974

Year Built

  • Built in 1935

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Schools

  • Biltmore Preparatory Academy Elementary School
  • Loma Linda Elementary Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 8
  • Assessor Parcel Number 120-37-010

Community Details

Overview

  • 2 Units
  • Building Dimensions are 5535
  • Vel Ru Subdivision

Building Details

  • Operating Expense $974
  • Gross Income $29,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$974

Year Built

Built in 1935

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 24th St & Oak
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1935
  • Tax Year: 2025
  • Road Surface Type: Concrete
  • Subdivision Name: VEL RU
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Washer/Dryer, Free-Standing Gas Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: None

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Loma Linda Elementary School

Lot Info

  • Lot Size: 5535
  • Additional Parcels: No
  • Parcel #: 120-37-010

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 29526.0
  • Annual Operating Expense: 974.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 974.0
  • Tax Lot: 8

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $974 $7,213 -- --
2024 $927 $6,870 -- --
2023 $927 $26,750 $5,350 $21,400
2022 $891 $20,060 $4,010 $16,050
2021 $912 $17,010 $3,400 $13,610
2020 $890 $13,710 $2,740 $10,970
2019 $884 $11,310 $2,260 $9,050
2018 $866 $9,430 $1,880 $7,550
2017 $832 $9,270 $1,850 $7,420
2016 $800 $7,660 $1,530 $6,130
2015 $744 $6,700 $1,340 $5,360
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2026 02/20/26 For Sale $419,900 0.0% --
02/18/2026 02/18/26 For Rent $1,295 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Clear Title Agency Of Az
Warranty Deed $215,000 Clear Title Agency Of Az
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $80,000 First American Title Insuran
Interfamily Deed Transfer -- First American Title Insuran
Cash Sale Deed $34,000 Lsi Title Agency
Trustee Deed $78,589 None Available
Warranty Deed $163,900 The Talon Group Mesa Springs
Interfamily Deed Transfer -- --
Warranty Deed $46,500 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $210,000 Commercial
Previous Owner $60,000 New Conventional
Previous Owner $147,510 Purchase Money Mortgage
Previous Owner $41,850 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6987737

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-37-010

Your Personal Tour Guide

Ask me questions while you tour the home.