$404,000
SOLD APR 28, 2025
-- Bed
-- Bath
1,020 Sq Ft
1954 Built

Recently Sold

$396 Per Sq Ft

1% Above List Price

138 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of April 2025

Unique multi family/duplex property: Two detached brick houses on one corner lot. Separate yards and driveways for complete privacy. One 2 bed/2 bath and one 2 bed/1 bath, both rented. Front house on a mtm lease, back house lease term ends 1/31/2025. One water meter for both, individually metered for electric and gas. Both have central A/C, all appliances, and carports. Quiet street in a convenient neighborhood with historic and creatively renovated homes. Great opportunity for a first time investment or owner occupy and have instant rental income! DRIVE BY ONLY. DO NOT DISTURB TENANTS. TENANT'S RIGHTS.

Last Agent to Sell the Property

Lisa Richardson

ROI Asset Management Solutions License #BR531022000 Listed on: 10/23/2024

Co-Listed By

Stephen Lins

ROI Asset Management Solutions License #BR623784000

Last Buyer's Agent

Hector Anduray

Realty One Group License #SA688263000

Realty One Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,534

Year Built

  • Built in 1954

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Schools

  • Creighton Elementary School
  • North High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 23
  • Assessor Parcel Number 121-78-152-A

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 50X130
  • North Elsinore Block 13 14 Subdivision

Building Details

  • Operating Expense $10,572
  • Gross Income $28,130
  • Net Operating Income $17,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,534

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 24th ST/McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2900.0
  • Co List Office Mls Id: rams001
  • Co List Office Phone: 602-770-8063
  • Subdivision Name: NORTH ELSINORE BLOCK 13-14
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 240.0
  • Annual Water Sewer Expense: 600.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 50X130
  • Additional Parcels: No
  • Parcel #: 121-78-152-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 28130.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1888.0
  • Property Net Operating Income: 17558.0
  • Annual Operating Expense: 10572.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1534.0
  • Tax Book Number: 121.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Apr 24, 2025
Sold by
Vallerga Allison and Smith Jesse J
Bought by
Munoz Camilo and Mendoza Karla
Seller's Agent
Lisa Richardson
ROI Asset Management Solutions
Buyer's Agent
Hector Anduray
Realty One Group
List Price
$399,900
Sold Price
$404,000
Premium/Discount to List
$4,100
1.03%
Views
50
Current Estimated Value
$385,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,887
Avg. Annual Appreciation
-6.11%
Original Mortgage
$383,800
Outstanding Balance
$382,096
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$3,017

Purchase Details

Listed on
Nov 23, 2013
Closed on
Mar 13, 2014
Sold by
Central Holdings Llc
Bought by
Vallerga Allison and Smith Jesse J
Seller's Agent
Avril Hogan
ARC Real Estate
Buyer's Agent
Angela Woellmer
HomeSmart
List Price
$124,900
Sold Price
$99,000
Premium/Discount to List
-$25,900
-20.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.49%
Original Mortgage
$74,250
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2012
Sold by
Mitchell Michelle N and Ramirez Cesar
Bought by
Central Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,400
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 2008
Sold by
Kraus Hazel V
Bought by
Ramirez Cesar and Mitchell Michelle N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,632
Interest Rate
5.6%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 2008
Sold by
Kraus Hazel V
Bought by
Gardner David E
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 $404,000 Title Services Corporation
Warranty Deed -- Title Services Corporation
Warranty Deed $99,000 American Title Service Agenc
Trustee Deed $35,500 None Available
Warranty Deed $105,000 Clear Title Agency Of Arizon
Quit Claim Deed -- Clear Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $383,800 New Conventional
Previous Owner $74,250 New Conventional
Previous Owner $28,400 Purchase Money Mortgage
Previous Owner $103,632 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2025 04/28/25 Sold $404,000 +1.0% $396 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
10/23/2024 10/23/24 For Sale $399,900 0.0% $392 / Sq Ft
08/02/2015 08/02/15 Off Market $795 -- --
08/01/2015 08/01/15 Rented $795 0.0% --
07/03/2015 07/03/15 For Rent $795 0.0% --
03/21/2014 03/21/14 Sold $99,000 -5.6% $71 / Sq Ft View Prior Sale
02/15/2014 02/15/14 Pending -- -- --
01/30/2014 01/30/14 Price Changed $104,900 -4.5% $75 / Sq Ft
01/06/2014 01/06/14 Price Changed $109,900 -8.3% $79 / Sq Ft
12/20/2013 12/20/13 Price Changed $119,900 -4.0% $86 / Sq Ft
11/23/2013 11/23/13 For Sale $124,900 -- $89 / 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 $1,410 $11,800 -- --
2024 $1,516 $11,238 -- --
2023 $1,516 $22,950 $4,590 $18,360
2022 $1,457 $18,330 $3,660 $14,670
2021 $1,492 $16,080 $3,210 $12,870
2020 $1,456 $15,160 $3,030 $12,130
2019 $1,446 $12,230 $2,440 $9,790
2018 $742 $9,800 $1,960 $7,840
2017 $714 $6,810 $1,360 $5,450
2016 $686 $5,850 $1,170 $4,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6774958

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-78-152A