$780,000
SOLD AUG 21, 2025
-- Bed
-- Bath
2,178 Sq Ft
1956 Built

Recently Sold

$358 Per Sq Ft

28 Days on Market

Highlights

  • Multiple cooling system units
  • Vinyl Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of August 2025

Mailbox money calling! Fully rented multifamily near Arcadia with 6 bedrooms and 4 bathrooms on over 1/4 acre lot with very landlord friendly units. This primarily block property has been remodeled 3 years ago and in that time completed a new roof, flooring, appliances, cabinets, water heater, landlord thermostats, rolling gates, comes with over $9k in security deposits. Landscape on drip system. Zoned R-5 high density multifamily which allows for more units on this parcel. Developments all around the area. Priced at a 8.5% cap rate. Do not disturb tenants. Motivated seller.

Last Agent to Sell the Property

nic anderson

Barrett Real Estate License #SA708574000 Listed on: 05/05/2025

Last Buyer's Agent

Janette Owen

A.Z. & Associates License #BR544979000

A.Z. & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,364

Year Built

  • Built in 1956

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Multiple cooling system units
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer
  • Tax Lot 362N3E
  • Assessor Parcel Number 120-03-087-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 167x75

Building Details

  • Operating Expense $2,364
  • Gross Income $77,600
  • Net Operating Income $70,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,364

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 36th St and Thomas
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2024
  • Directions: South on Thomas.
  • Road Surface Type: Gravel
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Refrigerator, Free-Standing Gas Oven, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 167x75
  • Additional Parcels: No
  • Parcel #: 120-03-087-B

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 77600.0
  • Property Net Operating Income: 70000.0
  • Annual Operating Expense: 2364.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2364.0
  • Tax Book Number: 120.00
  • Tax Lot: 362N3E

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
Aug 14, 2025
Sold by
2802 Llc
Bought by
Bunger Cameron and Takas Noah
Seller's Agent
nic anderson
Barrett Real Estate
Buyer's Agent
Janette Owen
A.Z. & Associates
List Price
$780,000
Sold Price
$780,000
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-35.52%
Original Mortgage
$741,000
Outstanding Balance
$741,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$12,095

Purchase Details

Closed on
Jul 3, 2024
Sold by
Anderson Nicolas
Bought by
2802 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,999
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2021
Sold by
Lametti Kyle
Bought by
Southwest Developments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,800
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 20, 2020
Closed on
Dec 10, 2020
Sold by
Venegas Jose and Venegas Maria D
Bought by
Lametti Kyle
Seller's Agent
Chad Saunders
My Home Group Real Estate
Buyer's Agent
Angelo Youngren
Niksi
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.28%

Purchase Details

Closed on
Oct 13, 2014
Sold by
Venegas Moises
Bought by
Venegas Ruiz Jose Manuel

Purchase Details

Closed on
Aug 21, 2011
Sold by
Venegas Jose and Venegas Maria D
Bought by
Venegas Moises

Purchase Details

Closed on
May 30, 1997
Sold by
Elsbury William
Bought by
Venegas Jose and Venegas Maria D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
8.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 1997
Sold by
Parsons Jean L
Bought by
Elsbury William M

Purchase Details

Closed on
Apr 2, 1996
Sold by
Repp D Joseph and Elsbury William M
Bought by
Elsbury William M and Parsons Jean L

Purchase Details

Closed on
May 11, 1995
Sold by
Elsbury William M and Parsons Jean L
Bought by
Repp D Joseph
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 Type Sale Price Title Company
Warranty Deed $780,000 Exclusive Title
Warranty Deed -- --
Warranty Deed -- First American Title Ins Co
Warranty Deed $300,000 Pioneer Title Agency Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Joint Tenancy Deed $81,500 Lawyers Title Of Arizona Inc
Warranty Deed -- Lawyers Title Of Arizona Inc
Trustee Deed -- Lawyers Title Of Arizona Inc
Warranty Deed $100,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $741,000 New Conventional
Previous Owner $499,999 New Conventional
Previous Owner $496,800 Construction
Previous Owner $66,500 Seller Take Back
Previous Owner $90,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Sold $780,000 0.0% $358 / Sq Ft
06/13/2025 06/13/25 For Sale $780,000 0.0% $358 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
05/19/2025 05/19/25 Price Changed $780,000 -1.3% $358 / Sq Ft
05/05/2025 05/05/25 For Sale $790,000 +163.3% $363 / Sq Ft
12/15/2020 12/15/20 Sold $300,000 -7.7% $116 / Sq Ft
12/15/2020 12/15/20 For Sale $325,000 0.0% $125 / Sq Ft
12/15/2020 12/15/20 Price Changed $325,000 0.0% $125 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $325,000 -- $125 / 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 $2,364 $18,184 -- --
2024 $2,337 $17,318 -- --
2023 $2,337 $37,910 $7,580 $30,330
2022 $2,245 $28,070 $5,610 $22,460
2021 $2,300 $27,780 $5,550 $22,230
2020 $2,244 $23,910 $4,780 $19,130
2019 $2,228 $21,310 $4,260 $17,050
2018 $2,182 $17,180 $3,430 $13,750
2017 $2,098 $16,410 $3,280 $13,130
2016 $1,373 $14,810 $2,960 $11,850
2015 $1,277 $11,560 $2,310 $9,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6858446

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-03-087B