$720,000
SOLD MAR 23, 2016
-- Bed
-- Bath
1,395 Sq Ft
1950 Built

Recently Sold

$516 Per Sq Ft

1% Below List Price

22 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of May 2025

Completely remodeled 7 unit property. Mature landscape and shade trees surround this charming park-like apartment community. These well located, solid block-constructed apts were built in 1955 & consist of 4 one-bedroom one bath units, 2 two-bedroom one bath units & 1 two bedroom two bath units. Situated well away from street traffic these units each have carports, lots of additional parking & storage areas. This is a great opportunity for an investor to buy a 7 unit apartment in one of Phoenix's best rental areas.

Last Agent to Sell the Property

Terry Kass

R.O.I. Properties License #BR503783000 Listed on: 02/02/2016

Co-Listed By

Mark Skelpsa

HomeSmart Realty License #SA642313000

Last Buyer's Agent

Mark Skelpsa

Blue Saguaro Commercial Realty, LLC License #SA642313000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,410

Year Built

  • Built in 1950

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 17 Parking Spaces
  • 7 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 119-06-054

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 24,608

Building Details

  • Gross Income $56,231
  • Net Operating Income $56,231

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,410

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Indian School and 24th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 4
  • Year Built: 1950
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4498.0
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 17.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 5000.0

Lot Info

  • Lot Size: 24,608
  • Additional Parcels: No
  • Parcel #: 119-06-054

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Annual Gross Income: 56230.8
  • Insurance Expense: 1800.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 56231.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 2410.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Sold $1,050,000 -16.0% $753 / Sq Ft
04/30/2025 04/30/25 Pending -- -- --
04/22/2025 04/22/25 Price Changed $1,249,990 +792.9% $896 / Sq Ft
04/03/2025 04/03/25 For Sale $139,990 -80.6% $100 / Sq Ft
03/23/2016 03/23/16 Sold $720,000 -0.7% $516 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $725,000 -- $520 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5392489

Arizona Regional Multiple Listing Service (ARMLS)