$1,998,000

Estimated payment $11,416/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Desert Landscape
  • Phoenix Coding Academy Rated A
  • Partially Fenced Property

About This Home

Desert Jewel is an 11-unit, garden-style apartment community built in 1960 and renovated in 2017, located in the highly desirable Arcadia-Lite submarket of Phoenix. The property is individually metered for electricity and offers ample resident parking, including a covered carport. The unit mix consists of (2) 1-bed/1-bath, (2) 2-bed/1-bath, and (7) 2-bed/2-bath units averaging 823 SF. Current interior renovations feature stainless steel appliances, kitchen islands, updated light fixtures, and in-suite washer & dryer. A light value-add opportunity remains through exterior renovations. Ideally positioned just minutes from Biltmore Fashion Park, Camelback Mountain hiking trails, Biltmore Golf Club, and Downtown Phoenix. Seller recently replaced underground sewer line.

Listing Agent

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 07/30/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,363

Year Built

  • Built in 1960

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stone

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 15 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 155
  • Assessor Parcel Number 127-21-042-A

Community Details

Overview

  • 2 Buildings
  • 11 Units
  • Building Dimensions are 64.24x138.96x7.62x161.35x147.22x165.14x75.23x134.8
  • East Citrus Acres Plat C Subdivision

Building Details

  • Operating Expense $6,363
  • Gross Income $187,709
  • Net Operating Income $127,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,363

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2025
  • Road Surface Type: Concrete, Gravel
  • Subdivision Name: EAST CITRUS ACRES PLAT C
  • Tax Parcel Letter: A
  • Const - Finish:Const - Finish: Painted, Stone
  • Cooling:Cooling: Central Air, Individual, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Concrete, Gravel
  • Electric:Electric: City Electric, Individual Meter
  • Sale Includes:Sale Includes: Building(s) Only
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, W/D Hookup, Built-In Electric Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted, Stone
  • Roof: Composition
  • Exterior Amenities: Landscape Water System, Desert Landscaping, Partially Fenced

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: Carport, On Street, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 15.0
  • Parking Features:Parking Features: Carport, On Street, >1 Space Per Unit

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Central Air, Varies by Unit, Ceiling Fan(s)
  • Heating: Varies by Unit, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: Individual Meter

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 64.24x138.96x7.62x161.35x147.22x165.14x75.23x134.8
  • Additional Parcels: No
  • Parcel #: 127-21-042-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 11
  • Annual Gross Income: 187709.34
  • Property Net Operating Income: 127442.0
  • Annual Operating Expense: 6363.0
  • Vacancy Allowance Rate: 0.07

Tax Info

  • Tax Annual Amount: 6363.0
  • Tax Book Number: 127.0
  • Tax Lot: 155

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,363 $47,111
2024 $6,054 $44,868
2023 $6,054 $177,600 $35,520 $142,080
2022 $5,816 $128,070 $25,610 $102,460
2021 $5,958 $118,030 $23,600 $94,430
2020 $5,813 $98,820 $19,760 $79,060
2019 $5,772 $78,810 $15,760 $63,050
2018 $5,654 $68,980 $13,790 $55,190
2017 $5,435 $62,270 $12,450 $49,820
2016 $5,225 $53,620 $10,720 $42,900
2015 $4,861 $48,360 $9,670 $38,690
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2026 07/30/26 For Sale $1,998,000 +151.3% --
01/15/2016 01/15/16 Sold $795,000 -0.6% $343 / Sq Ft View Prior Sale
12/02/2015 12/02/15 Pending -- -- --
08/14/2015 08/14/15 For Sale $800,000 -- $345 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Special Warranty Deed $795,000 American Title Svc Agency Ll
Special Warranty Deed $485,000 American Title Service Agenc
Special Warranty Deed $315,000 Empire West Title Agency
Special Warranty Deed $725,000 Stewart Title & Trust Of Pho
Special Warranty Deed $525,000 Fidelity National Title
Quit Claim Deed -- --
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Deed $355,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $560,000 Commercial
Previous Owner $339,500 Commercial
Previous Owner $425,000 Commercial
Previous Owner $415,200 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7060274

Arizona Regional Multiple Listing Service (ARMLS)
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