2704 E Southgate Ave Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $3,360/month
Highlights
- Cooling Available
- Community Playground
- Ceiling Fan
- Phoenix Coding Academy Rated A
- Ceramic Tile Flooring
- Heating Available
About This Home
A fantastic investment opportunity! Duplex built in 2006, split-face block construction, concrete driveway & parking pad, 4 vehicle steel carport provides a 2 covered parking spaces for each unit, 6.13% CAP rate providing an attractive return of investment. Each unit feature a 3 bedrooms, 2 bathrooms, separate electric meters. Recent updates in 2023 include new roof, fully remodeled bathrooms with walk-in showers & frameless glass, tile flooring throughout, new kitchen appliances, granite countertops, indoor laundry room-features sure to attract tenants. Additionally, the duplex boasts private front & backyard, which is a huge plus. Its prime location, just minutes to sky harbor airport & downtown phoenix makes it highly desirable for tenants seeking, convenience. Don't miss this one!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,454
Year Built
- Built in 2006
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 4 Parking Spaces
- Carport
- Over 1 Space Per Unit
Schools
- Percy L Julian Elementary And Middle School
- South Mountain High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 119
- Assessor Parcel Number 122-20-141
Community Details
Overview
- 2 Units
- Building Dimensions are 134.12X95.10
- Peila Homes Lots 39 79, 103 126 Subdivision
Recreation
- Community Playground
Building Details
- Operating Expense $4,856
- Gross Income $43,080
- Net Operating Income $38,917
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,492 | $9,898 | -- | -- |
| 2024 | $1,413 | $9,427 | -- | -- |
| 2023 | $1,413 | $41,570 | $8,310 | $33,260 |
| 2022 | $1,384 | $25,500 | $5,100 | $20,400 |
| 2021 | $1,413 | $21,120 | $4,220 | $16,900 |
| 2020 | $1,395 | $19,170 | $3,830 | $15,340 |
| 2019 | $1,350 | $17,200 | $3,440 | $13,760 |
| 2018 | $1,314 | $14,220 | $2,840 | $11,380 |
| 2017 | $1,252 | $11,760 | $2,350 | $9,410 |
| 2016 | $1,191 | $10,510 | $2,100 | $8,410 |
| 2015 | $1,121 | $8,330 | $1,660 | $6,670 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/02/2025 12/02/25 | Price Changed | $620,000 | -0.8% | -- | |
| 11/08/2025 11/08/25 | Price Changed | $625,000 | +0.8% | -- | |
| 10/21/2025 10/21/25 | Price Changed | $620,000 | -0.8% | -- | |
| 08/27/2025 08/27/25 | Price Changed | $625,000 | +0.2% | -- | |
| 08/26/2025 08/26/25 | Price Changed | $624,000 | -0.1% | -- | |
| 08/15/2025 08/15/25 | Price Changed | $624,900 | +0.1% | -- | |
| 08/06/2025 08/06/25 | Price Changed | $624,000 | -0.2% | -- | |
| 07/14/2025 07/14/25 | Price Changed | $625,000 | -1.6% | -- | |
| 04/23/2025 04/23/25 | For Sale | $635,000 | +35.1% | -- | |
| 03/18/2022 03/18/22 | Sold | $470,000 | 0.0% | $392 / Sq Ft | View Prior Sale |
| 03/02/2022 03/02/22 | Pending | -- | -- | -- | |
| 02/24/2022 02/24/22 | For Sale | $470,000 | 0.0% | $392 / Sq Ft | |
| 02/17/2022 02/17/22 | Pending | -- | -- | -- | |
| 02/14/2022 02/14/22 | For Sale | $470,000 | +213.3% | $392 / Sq Ft | |
| 08/30/2013 08/30/13 | Sold | $150,000 | -3.2% | $125 / Sq Ft | View Prior Sale |
| 08/14/2013 08/14/13 | Pending | -- | -- | -- | |
| 08/01/2013 08/01/13 | For Sale | $155,000 | +58.2% | $129 / Sq Ft | |
| 08/20/2012 08/20/12 | Sold | $98,000 | -30.0% | $39 / Sq Ft | View Prior Sale |
| 05/31/2012 05/31/12 | Pending | -- | -- | -- | |
| 05/03/2012 05/03/12 | For Sale | $140,000 | -- | $56 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $470,000 | Security Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | Title365 Agency | |
| Warranty Deed | $150,000 | Greystone Title Agency Llc | |
| Cash Sale Deed | $98,000 | First American Title Ins Co | |
| Special Warranty Deed | -- | Servicelink | |
| Trustee Deed | $38,961 | None Available | |
| Warranty Deed | $297,000 | Security Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $116,250 | New Conventional | |
| Previous Owner | $125,000 | Seller Take Back | |
| Previous Owner | $267,300 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6848547
APN: 122-20-141
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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