$2,125,000
$70K PRICE DROP

Estimated payment $11,373/month

Total Views 1,652
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

RENOVATED FOUR-PLEX IN PRIME CAMELBACK EAST VILLAGE LOCATION WITH INCREDIBLE INCOME POTENTIAL! Beautifully updated and perfectly positioned between the highly desirable Biltmore area and Downtown Scottsdale, this turnkey four-plex is an exceptional opportunity in one of Phoenix's strongest rental submarkets, Camelback East Village. Each unit features custom cabinetry, wood flooring throughout, modern frosted glass doors, and ceiling fans throughout. All units are individually metered for electricity and include in-suite washer and dryer, offering tenants maximum convenience. Residents also enjoy covered carport parking and spacious private yards. The property has been well-maintained with significant updates, including a roof replacement in 2011, two air conditioning units replaced that same year, and the remaining units updated in 2016 and 2021. This property offers a low-maintenance, fully renovated investment in a prime central Phoenix location, just minutes from top dining, shopping, and entertainment.

Listing Agent

Scott Grigg

Grigg's Group Powered by The Altman Brothers License #SA561582000 Listed on: 10/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,809

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

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

Schools

  • Monte Vista Elementary School
  • Papago Middle School
  • Camelback High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 109
  • Assessor Parcel Number 127-20-015

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are Unknown
  • East Citrus Acres Plat A Subdivision

Building Details

  • Operating Expense $10,429
  • Gross Income $80,655
  • Net Operating Income $16,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,809

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: 40TH ST & INDIAN SCHOOL RD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2024
  • Subdivision Name: EAST CITRUS ACRES PLAT A
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 300.0
  • Annual Water Sewer Expense: 2220.0

Schools

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

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 127-20-015

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 80655.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 16280.0
  • Annual Operating Expense: 10429.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1809.0
  • Tax Book Number: 127.00
  • Tax Lot: 109

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $1,880 $13,918 -- --
2024 $1,789 $13,255 -- --
2023 $1,789 $55,920 $11,180 $44,740
2022 $1,718 $39,180 $7,830 $31,350
2021 $1,760 $37,050 $7,410 $29,640
2020 $1,717 $31,030 $6,200 $24,830
2019 $1,705 $24,730 $4,940 $19,790
2018 $1,670 $21,950 $4,390 $17,560
2017 $1,606 $18,560 $3,710 $14,850
2016 $1,544 $15,130 $3,020 $12,110
2015 $1,436 $13,000 $2,600 $10,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2025 11/20/25 Price Changed $2,125,000 0.0% --
11/06/2025 11/06/25 Price Changed $2,200 0.0% $2 / Sq Ft
10/24/2025 10/24/25 For Sale $2,195,000 0.0% --
10/01/2025 10/01/25 For Rent $2,300 0.0% --
03/01/2024 03/01/24 Rented $2,300 0.0% --
02/23/2024 02/23/24 Under Contract -- -- --
01/25/2024 01/25/24 For Rent $2,300 0.0% --
07/28/2022 07/28/22 Rented $2,300 0.0% --
07/15/2022 07/15/22 Under Contract -- -- --
07/08/2022 07/08/22 Price Changed $2,300 -4.2% $2 / Sq Ft
06/30/2022 06/30/22 Price Changed $2,400 -5.9% $3 / Sq Ft
06/14/2022 06/14/22 For Rent $2,550 0.0% --
05/27/2022 05/27/22 Sold $1,535,000 0.0% $1,133 / Sq Ft View Prior Sale
04/11/2022 04/11/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $1,535,000 -- $1,133 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,548,000 Premier Title
Special Warranty Deed $940,000 Fidelity Natl Ttl Agcy Inc
Warranty Deed -- Capital Title Agency Inc
Warranty Deed -- Capital Title Agency Inc
Quit Claim Deed -- --
Warranty Deed $237,500 Old Republic Title Agency
Interfamily Deed Transfer -- --
Cash Sale Deed $113,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $774,000 New Conventional
Previous Owner $621,000 Construction
Previous Owner $262,500 Commercial
Previous Owner $190,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6938319

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-20-015