3823 N 23rd Dr Phoenix, AZ 85015
Alhambra NeighborhoodEstimated payment $5,210/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show.
Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal. The property is secured with gated access and offers a large parking lot with ten total spaces. Recent updates include a new roof in 2019, new exterior paint completed in 2022, and new smoke detectors, fire extinguishers, and mini blinds installed throughout all units. This is an exceptional opportunity to acquire a well-cared-for investment property in a prime location with strong rental demand. Please do not disturb tenants. Unit #4 is vacant and easy to show.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,322
Year Built
- Built in 1985
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
- Paved Parking
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tax Lot 31
- Assessor Parcel Number 110-04-021
Community Details
Overview
- 4 Units
- Building Dimensions are IRR
- Gerardo Park Lots 1 10 Subdivision
Building Details
- Operating Expense $7,865
- Gross Income $39,657
- Net Operating Income $36,201
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,322 | $14,688 | -- | -- |
| 2024 | $2,120 | $13,988 | -- | -- |
| 2023 | $2,120 | $49,700 | $9,940 | $39,760 |
| 2022 | $2,087 | $36,880 | $7,370 | $29,510 |
| 2021 | $2,107 | $30,530 | $6,100 | $24,430 |
| 2020 | $2,025 | $26,400 | $5,280 | $21,120 |
| 2019 | $2,000 | $22,420 | $4,480 | $17,940 |
| 2018 | $1,847 | $19,350 | $3,870 | $15,480 |
| 2017 | $1,824 | $17,760 | $3,550 | $14,210 |
| 2016 | $1,747 | $15,480 | $3,090 | $12,390 |
| 2015 | $1,653 | $13,250 | $2,650 | $10,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/25/2025 11/25/25 | For Sale | $949,990 | +8.6% | -- | |
| 06/13/2022 06/13/22 | Sold | $874,900 | 0.0% | $236 / Sq Ft | View Prior Sale |
| 04/11/2022 04/11/22 | For Sale | $874,900 | 0.0% | $236 / Sq Ft | |
| 05/09/2019 05/09/19 | Rented | $850 | 0.0% | -- | |
| 04/13/2019 04/13/19 | For Rent | $850 | 0.0% | -- | |
| 12/19/2018 12/19/18 | Sold | $340,000 | -5.3% | $92 / Sq Ft | View Prior Sale |
| 09/18/2018 09/18/18 | For Sale | $359,000 | +56.1% | $97 / Sq Ft | |
| 11/13/2015 11/13/15 | Sold | $230,000 | -7.9% | $62 / Sq Ft | View Prior Sale |
| 10/08/2015 10/08/15 | Pending | -- | -- | -- | |
| 09/27/2015 09/27/15 | For Sale | $249,750 | +56.1% | $67 / Sq Ft | |
| 03/28/2014 03/28/14 | Sold | $160,000 | -11.1% | $43 / Sq Ft | View Prior Sale |
| 12/10/2013 12/10/13 | Pending | -- | -- | -- | |
| 11/26/2012 11/26/12 | For Sale | $179,900 | -- | $49 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $340,000 | Fidelity National Title Agen | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Security Title Agency Inc | |
| Warranty Deed | $229,000 | Security Title Agency Inc | |
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | $158,500 | First American Title Ins Co | |
| Trustee Deed | $67,000 | None Available | |
| Warranty Deed | $330,000 | American Heritage Title Agen | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Warranty Deed | $285,000 | Chicago Title Insurance Co | |
| Warranty Deed | $269,900 | Tsa Title Agency | |
| Warranty Deed | $225,000 | First American Title Ins Co | |
| Cash Sale Deed | $83,000 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | New Conventional | |
| Previous Owner | $166,500 | New Conventional | |
| Previous Owner | $118,875 | New Conventional | |
| Previous Owner | $264,000 | New Conventional | |
| Previous Owner | $242,250 | Fannie Mae Freddie Mac | |
| Previous Owner | $215,900 | New Conventional | |
| Previous Owner | $213,750 | FHA | |
| Closed | $26,960 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6951570
APN: 110-04-021
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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