$392,000
SOLD APR 6, 2026
-- Bed
-- Bath
1,359 Sq Ft
1935 Built

Sale Details

Date Sold: April 6, 2026

$288 Per Sq Ft

7% Below List Price

40 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of April 2026

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.

Last Agent to Sell the Property

Wayne Beneteau

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

HomeSmart

Last Buyer's Agent

Boris Matatov

HomeSmart License #SA661282000

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

Interior Spaces

  • Ceiling Fan

Parking

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

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • 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 Book Number: 120.0
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2026
Closed on
Apr 2, 2026
Sold by
Rodger Beneteau
Bought by
Masuri Nirel
Seller's Agent
Wayne Beneteau
HomeSmart
Buyer's Agent
Boris Matatov
HomeSmart
List Price
$419,900
Sold Price
$392,000
Premium/Discount to List
-$27,900
-6.64%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
596.32%
Original Mortgage
$313,600
Outstanding Balance
$313,600
Interest Rate
6.01%
Mortgage Type
New Conventional
Estimated Equity
$118,343

Purchase Details

Closed on
Sep 5, 2019
Sold by
Maggio Michelle
Bought by
Beneteau Wayne Rodger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2019
Sold by
Doshier Anthony Tyler and Doshier Collene
Bought by
Beneteau Wayne Rodger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 2016
Sold by
Jones Patricia
Bought by
Jones Regan Patrick and Jones Patricia Ann

Purchase Details

Closed on
Dec 15, 2010
Sold by
Doshier Anthony Tyler and Doshier Collene L
Bought by
Doshier Anthony Tyler and Doshier Collene L

Purchase Details

Closed on
Jul 27, 2010
Sold by
The Friscia Group One Llc
Bought by
Doshier Anthony Tyler and Doshier Collene L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2010
Sold by
Doshier Sara Ann
Bought by
Doshier Anthony Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2009
Sold by
U S Bank National Association
Bought by
The Friscia Group One Llc

Purchase Details

Closed on
Sep 2, 2008
Sold by
Cortes George and Cortes Norma
Bought by
Lasalle Bank N A and Mlmi Trust Series 2006-Fm1

Purchase Details

Closed on
Dec 15, 2005
Sold by
Callahan Dean B
Bought by
Cortes George and Cortes Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,510
Interest Rate
8.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2004
Sold by
Callahan Dean B
Bought by
Dean B Callahan Revocable Living Trust

Purchase Details

Closed on
Apr 23, 1999
Sold by
Ogiela Czeslaw
Bought by
Callahan Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,850
Interest Rate
6.98%
Source: Public Records
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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 $392,000 Security Title Agency
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 $313,600 New Conventional
Previous Owner $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

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2026 04/06/26 Sold $392,000 -6.6% $288 / Sq Ft
02/20/2026 02/20/26 For Sale $419,900 -- $309 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6987737

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-37-010

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