$295,000
SOLD MAY 16, 2025
-- Bed
-- Bath
923 Sq Ft
7,492 Sq Ft Lot

Recently Sold

$320 Per Sq Ft

2% Below List Price

41 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of May 2025

Seller's Prefers to Sell with 2924 & 2928 E Monroe Street!

2930 E Monroe Street is comprised of a single family home with an Additional Dwelling Unit. The property features (1) 2-Bed / 1-Bath Unit & (1) 1-Bed / 1-Bath Unit. The property is centrally located and are just minutes away from Downtown Phoenix, Sky Harbor as well as ASU & U of A's downtown campuses. Rents are averaging $1,132/month. With the neighborhood continuously improving this offers an excellent opportunity to own a cash-flowing asset in central Phoenix. Utilities are master metered, electric is billed back monthly. All tenants are on month-to-month leases, leaving the option to add additional value or continue to cash-flow!

Last Agent to Sell the Property

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 02/20/2025

Co-Listed By

Dallin Hammond

ABI Multifamily License #SA677560000

Last Buyer's Agent

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 02/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,403

Year Built

  • Built in 1946

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Over 1 Space Per Unit
  • On-Street Parking

Schools

  • Wilson Elementary Middle School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 121-65-008

Community Details

Overview

  • 2 Units
  • Building Dimensions are 50ft x 150ft
  • El Molino Place Subdivision

Building Details

  • Operating Expense $1,403
  • Gross Income $33,991
  • Net Operating Income $19,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,403

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: EL MOLINO PLACE
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Vinyl, Wood
  • Appliances: Built-In Range, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Other, Wood Frame, Painted, Stucco
  • Roof: Other, Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes

Schools

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

Lot Info

  • Lot Size: 50ft x 150ft
  • Additional Parcels: No
  • Parcel #: 121-65-008

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 33991.0
  • Property Net Operating Income: 19686.0
  • Annual Operating Expense: 1403.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1403.0
  • Tax Book Number: 121.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2025
Closed on
May 5, 2025
Sold by
Let It Be Llc
Bought by
Esquer Dinorah Fernandez
Seller's Agent
Carson Griesemer
ABI Multifamily
Buyer's Agent
Carson Griesemer
ABI Multifamily
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%
Views
56
Current Estimated Value
$294,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$99
Avg. Annual Appreciation
-0.05%
Original Mortgage
$289,656
Outstanding Balance
$288,628
Interest Rate
6.64%
Mortgage Type
FHA
Estimated Equity
$6,273

Purchase Details

Closed on
Nov 12, 2019
Sold by
A Z Homes Llc
Bought by
Let It Be Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2019
Sold by
Trojahn Katherine and Estate Of Emerine Ann Humberst
Bought by
A Z Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.72%
Mortgage Type
Commercial
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 $295,000 Grand Canyon Title
Warranty Deed $140,000 Grand Canyon Title Agency
Warranty Deed $75,000 Grand Canyon Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $289,656 FHA
Previous Owner $130,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2025 05/16/25 Sold $295,000 -1.7% $320 / Sq Ft
04/02/2025 04/02/25 Pending -- -- --
02/20/2025 02/20/25 For Sale $300,000 -- $325 / 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 $1,333 $10,758 -- --
2024 $1,410 $10,246 -- --
2023 $1,410 $22,510 $4,500 $18,010
2022 $1,328 $13,960 $2,790 $11,170
2021 $1,348 $14,650 $2,930 $11,720
2020 $1,342 $14,520 $2,900 $11,620
2019 $1,336 $11,150 $2,230 $8,920
2018 $541 $7,450 $1,490 $5,960
2017 $503 $5,210 $1,040 $4,170
2016 $515 $4,530 $900 $3,630
2015 $478 $3,870 $770 $3,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6823788

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-65-008