$1,150,000
UNDER CONTRACT

Estimated payment $6,089/month

Total Views 1,977
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Sunnyslope High School Rated A

About This Home

North Phoenix/Sunnyslope 6 unit complex with attractive Seller Financing. Near Sunnyslope School, east of Central Ave, and not far from North Mountain, OHSO Brewery, & Sushi Friend. Over $216K in upgrades since 2022. 100% occupied. 7 CAP with $10,104 gross rents/month. Hard to beat seller financing offered with 25% down at 5.5% i/o. Jumbo 13,500 sf lot with R-3 zoning. Private driveway with large rear parking lot. Well-operated complex. Three separate buildings. Please do not disturb the tenants. P&L and Rent Roll available upon request.

Listing Agent

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 11/06/2025

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $966

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Schools

  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Legal Lot and Block 4 / F
  • Assessor Parcel Number 159-45-071

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 13535 sf
  • Tengen Place Addition Subdivision

Building Details

  • Operating Expense $36,396
  • Gross Income $116,896
  • Net Operating Income $80,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$966

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 7th St and Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Subdivision Name: TENGEN PLACE ADDITION
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Free-Standing Range, Refrigerator, See Remarks, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, Painted, Block
  • Roof: Other, Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Free, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: See Remarks, Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 13535 sf
  • Additional Parcels: No
  • Parcel #: 159-45-071

Multi Family

  • Owner Pays: See Remarks, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 116895.6
  • Property Net Operating Income: 80500.0
  • Annual Operating Expense: 36395.6
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 966.0
  • Tax Block: F
  • Tax Book Number: 159.00
  • Tax Lot: 4

Map

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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 $1,004 $7,902 -- --
2024 $949 $7,526 -- --
2023 $949 $48,310 $9,660 $38,650
2022 $918 $32,530 $6,500 $26,030
2021 $930 $26,400 $5,280 $21,120
2020 $906 $22,170 $4,430 $17,740
2019 $890 $14,930 $2,980 $11,950
2018 $867 $10,730 $2,140 $8,590
2017 $862 $12,850 $2,570 $10,280
2016 $847 $12,270 $2,450 $9,820
2015 $784 $9,720 $1,940 $7,780
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2025 11/06/25 For Sale $1,150,000 +94.9% --
10/29/2021 10/29/21 Sold $590,000 -1.7% $333 / Sq Ft View Prior Sale
10/05/2021 10/05/21 For Sale $599,900 +122.2% $339 / Sq Ft
02/19/2019 02/19/19 Sold $270,000 -6.9% $152 / Sq Ft View Prior Sale
02/03/2019 02/03/19 For Sale $290,000 -- $164 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $590,000 Valleywide Title Agency
Warranty Deed $375,000 Valleywide Title Agency
Warranty Deed $270,000 Driggs Title Agency Inc
Warranty Deed $40,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- Chicago Title
Cash Sale Deed $40,000 Chicago Title
Interfamily Deed Transfer -- Empire West Title Agency
Warranty Deed $101,500 North American Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $385,000 Commercial
Previous Owner $36,000 Seller Take Back
Previous Owner $97,546 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6944134

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-45-071