$425,000
SOLD OCT 20, 2025
-- Bed
-- Bath
2,345 Sq Ft
1961 Built

Recently Sold

$181 Per Sq Ft

5 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of October 2025

Centrally located triplex featuring two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. The property offers functional layout and upside potential, with an asphalt driveway leading to covered parking (one space per unit) and a separate structure that includes four individual storage areas. Current gross rents total $2,255/month, well below market, with all tenants on month-to-month leases—giving new ownership immediate flexibility. Investors can buy, renovate, and re-lease to increase cash flow. TENANT OCCUPIED....do not disturb tenants.

Last Agent to Sell the Property

Jessica Jablonski

Russ Lyon Sotheby's International Realty License #SA581915000 Listed on: 09/17/2025

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,451

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 3 Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • Monte Vista Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 120-22-005

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8964 sqft
  • Cardinal Tract Subdivision

Building Details

  • Operating Expense $6,123
  • Gross Income $27,060
  • Net Operating Income $20,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,451

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Thomas and 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2024
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Cardinal Tract
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range, Disposal, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, On Street, Carport
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1870.0

Schools

  • Elementary School: Monte Vista Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Lot Size: 8964 sqft
  • Additional Parcels: No
  • Parcel #: 120-22-005

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 27060.0
  • Insurance Expense: 1602.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 20937.0
  • Annual Operating Expense: 6123.0

Tax Info

  • Tax Annual Amount: 1451.0
  • Tax Book Number: 120.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2025
Closed on
Oct 9, 2025
Sold by
Dennis D And Connie L South Family Trust and South Connie Lynn
Bought by
Estancia Yale Llc
Seller's Agent
Jessica Jablonski
Russ Lyon Sotheby's International Realty
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$425,000
Sold Price
$425,000
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
157.94%
Original Mortgage
$382,500
Outstanding Balance
$382,500
Interest Rate
6.5%
Mortgage Type
Construction
Estimated Equity
$98,213

Purchase Details

Closed on
Aug 29, 2024
Sold by
South Dennis D and South Connie
Bought by
Dennis D And Connie L South Family Trust and South

Purchase Details

Closed on
Jun 18, 2007
Sold by
South Dennis D and South Connie
Bought by
South Dennis D and South Connie

Purchase Details

Closed on
May 24, 2007
Sold by
South Dennis D and South Connie
Bought by
South Dennis D and South Connie

Purchase Details

Closed on
Sep 9, 2004
Sold by
Moxley Ethel L and Ethel L Moxley Trust
Bought by
South Dennis D and South Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2001
Sold by
Moxley Ethel L and Knight Ethel L
Bought by
Moxley Ethel L and The Ethel L Moxley Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $425,000 Arizona Premier Title
Special Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $194,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $382,500 Construction
Previous Owner $122,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2025 10/20/25 Sold $425,000 0.0% $181 / Sq Ft
09/17/2025 09/17/25 For Sale $425,000 -- $181 / 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 $1,508 $11,164 -- --
2024 $1,435 $10,633 -- --
2023 $1,435 $40,300 $8,060 $32,240
2022 $1,321 $30,280 $6,050 $24,230
2021 $1,358 $25,680 $5,130 $20,550
2020 $1,324 $21,360 $4,270 $17,090
2019 $1,316 $17,750 $3,550 $14,200
2018 $1,288 $16,150 $3,230 $12,920
2017 $1,237 $14,460 $2,890 $11,570
2016 $1,189 $12,480 $2,490 $9,990
2015 $1,107 $10,760 $2,150 $8,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6921245

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-22-005