$675,000
$25K PRICE DROP

2831 E Mobile Ln Phoenix, AZ 85040

South Mountain Neighborhood

Estimated payment $3,688/month

Total Views 943
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Two cooling system units
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Desert Landscape

About This Home

Unit consists of two 3 BR/2 BA units (1131 SF & 1209 SF), with one 2 BR/1 BA (698 SF). Upper 3 BR unit has a view of the city. Two HVAC units replaced in 2025. Water heaters have been replace within the past 5 years.

Listing Agent

Tim O'Buckley

RE/MAX Fine Properties License #BR509092000 Listed on: 02/20/2026

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $973

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

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

Schools

  • Percy L Julian Elementary And Middle School
  • South Mountain High School

Utilities

  • Two cooling system units
  • Central Air
  • Heat Pump System
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Additional Features

  • Ceramic Tile Flooring
  • Desert Landscape

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 87
  • Assessor Parcel Number 122-61-060-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 59'x128'
  • Wier Estates Lots 11 32 53 74 Subdivision

Building Details

  • Operating Expense $8,756
  • Gross Income $47,014
  • Net Operating Income $40,732

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$973

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 32nd St and Broadway Rd.
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: WIER ESTATES LOTS 11-32 53-74
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Free-Standing Electric Oven

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Electric, Varies by Unit, 2 or More Units
  • Heating: Zoned, Heat Pump, Varies by Unit, Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Percy L Julian School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 59'x128'
  • Additional Parcels: No
  • Parcel #: 122-61-060-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Electric Expense: 480.0
  • Annual Gross Income: 47013.6
  • Insurance Expense: 3703.0
  • Property Net Operating Income: 40732.0
  • Annual Operating Expense: 8756.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 973.0
  • Tax Book Number: 122.0
  • Tax Lot: 87

Map

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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 $973 $6,452 -- --
2024 $921 $6,145 -- --
2023 $921 $38,530 $7,700 $30,830
2022 $902 $27,000 $5,400 $21,600
2021 $921 $22,010 $4,400 $17,610
2020 $909 $17,910 $3,580 $14,330
2019 $880 $18,000 $3,600 $14,400
2018 $856 $13,270 $2,650 $10,620
2017 $816 $9,650 $1,930 $7,720
2016 $776 $8,220 $1,640 $6,580
2015 $731 $7,060 $1,410 $5,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2026 03/26/26 Price Changed $675,000 -3.6% --
02/20/2026 02/20/26 For Sale $699,990 +105.3% --
02/28/2020 02/28/20 Sold $341,000 -0.6% $113 / Sq Ft View Prior Sale
01/21/2020 01/21/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $343,000 -- $114 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Agency
Warranty Deed $341,000 Chicago Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $248,250 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6987508

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-61-060A

Arizona Maricopa County Phoenix 85040 South Mountain

2831 E Mobile Ln, Phoenix, AZ

For Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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Tim O'Buckley
Listing Agent
Tim O'Buckley
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RE/MAX Fine Properties
(602) 848-8285
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