$559,000

Estimated payment $3,103/month

Total Views 3,597
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

Investor Opportunity: Multifamily 2 Building 4-Plex in Prime Location This fully-occupied, cash-flowing 4-plex sits on over a quarter acre, making it a smart addition to any investor's portfolio. Each of the four units offers a 1-bedroom, 1-bathroom layout with its own outdoor storage closet and individual backyard space, ensuring tenant satisfaction and easy maintenance. The property is separately metered for electricity, while water is building-metered, providing a clear and manageable utility setup. Located minutes from the University of Arizona and within walking distance of shopping, dining, and entertainment, this property is situated in a highly desirable rental market that ensures low vacancy rates and fast tenant turnover. All units feature energy-efficient Mini Split AC/Heater systems, and the roof was recoated in 2020, reducing future capital expenses.This multifamily investment provides strong rental income with room for growth, making it an ideal opportunity for both seasoned and new real estate investors looking to maximize returns.

Listing Agent

Manuel Peralta Garcia

Beyond Realty LLC License #SA649426000 Listed on: 04/15/2025

Co-Listing Agent

Marion Gamez

Beyond Realty LLC License #BR527432000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,636

Year Built

  • Built in 1953

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 113-08-030

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 0.27 Acre
  • S31 T13s R14e Subdivision

Building Details

  • Operating Expense $1,636

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,636

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 1st Ave. & E. Blacklidge Dr.
  • Legal Info Range: 14
  • Property Type: Multiple Dwellings
  • Zoning: Mixed Complex
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2014
  • Directions: 1st Ave. & E. Blacklidge Dr. Take Blacklidge West to Euclid. South on Euclid to home on the East side
  • Road Surface Type: Dedicated Street
  • Co List Office Mls Id: beyo001
  • Subdivision Name: S31 T13S R14E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, Painted
  • Roof: Other

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Amphitheater Unified District

Lot Info

  • Lot Size: 0.27 Acre
  • Additional Parcels: No
  • Parcel #: 113-08-030

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 4
  • Annual Operating Expense: 1636.0

Tax Info

  • Tax Annual Amount: 1636.0
  • Tax Book Number: 113.00

Map

Range of Values:

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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
2024 $1,881 $17,336 -- --
2023 $1,802 $16,510 $0 $0
2022 $1,802 $15,724 $0 $0
2021 $1,777 $14,262 $0 $0
2020 $1,768 $16,502 $0 $0
2019 $1,720 $15,629 $0 $0
2018 $1,660 $12,320 $0 $0
2017 $1,632 $12,320 $0 $0
2016 $1,765 $11,734 $0 $0
2015 $1,742 $11,175 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 For Sale $559,000 +47.1% --
12/04/2023 12/04/23 Sold $380,000 -5.0% $184 / Sq Ft
11/16/2023 11/16/23 For Sale $399,900 +42.8% $194 / Sq Ft
09/27/2019 09/27/19 Sold $280,000 0.0% $136 / Sq Ft
08/29/2019 08/29/19 For Sale $280,000 +57.3% $136 / Sq Ft
08/05/2015 08/05/15 Sold $178,000 0.0% $86 / Sq Ft
07/06/2015 07/06/15 Pending -- -- --
05/02/2015 05/02/15 For Sale $178,000 -- $86 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $380,000 Fidelity National Title Agency
Warranty Deed $280,000 Pioneer Title Agency Inc
Warranty Deed $178,000 Title Security Agency Llc
Joint Tenancy Deed -- --
Warranty Deed $125,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $289,641 VA
Previous Owner $289,240 VA
Previous Owner $175,171 VA
Previous Owner $181,827 Commercial
Previous Owner $138,000 Fannie Mae Freddie Mac
Previous Owner $121,000 Commercial
Previous Owner $115,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6852122

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-08-0300