$2,095,000

Estimated payment $11,771/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Game Room
  • Cooling Available
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Heating System Uses Natural Gas

About This Home

Remarkable investment opportunity nestled in the highly desirable Arcadia Lite neighborhood of Phoenix. This multi-family property offers an ideal blend of comfort, convenience, and charm-- featuring a collection of well-appointed units including spacious one-bedroom and two-bedroom apartments, along with a unique single-family home that stands as a true centerpiece of this offering. Located in the heart of Arcadia Lite, residents enjoy unparalleled access to an array of dining, shopping, and recreational options. Trendy restaurants, boutique shops, and vibrant coffee spots are just minutes away, enhancing the appeal for potential tenants. Quick access to major freeways ensures an effortless commute to downtown Phoenix and beyond.

Last Listed By

Sarah Abdelrasul

Opulent Real Estate Group License #SA656287000 Listed on: 05/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,837

Year Built

  • Built in 1960

Home Design

  • Block Exterior

Flooring

  • Concrete Flooring

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 160
  • Assessor Parcel Number 127-21-051

Community Details

Overview

  • 7 Buildings
  • 11 Units
  • Building Dimensions are IRR

Amenities

  • Community Barbecue Grill
  • Game Room

Building Details

  • Operating Expense $7,837
  • Gross Income $159,144
  • Net Operating Income $159,144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,837

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: THOMAS & 40TH ST****
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2024
  • Directions: North on 40th Street, West on Earll. Property on the corner of 40th and Earll.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Concrete
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes
  • Community Features:Barbecue: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Other, <1 Space Per Unit
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, Game/Rec Room

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 127-21-051

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 11
  • Annual Gross Income: 159144.0
  • Property Net Operating Income: 159144.0
  • Annual Operating Expense: 7837.0

Tax Info

  • Tax Annual Amount: 7837.0
  • Tax Book Number: 127.00
  • Tax Lot: 160

Map

Range of Values:

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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
05/28/2025 05/28/25 For Sale $2,095,000 +152.4% --
12/30/2013 12/30/13 Sold $830,000 -2.4% $393 / Sq Ft
11/26/2013 11/26/13 Pending -- -- --
10/18/2013 10/18/13 For Sale $850,000 0.0% $402 / Sq Ft
07/15/2013 07/15/13 Rented $1,600 -5.9% --
07/03/2013 07/03/13 Under Contract -- -- --
03/30/2013 03/30/13 For Rent $1,700 0.0% --
05/18/2012 05/18/12 Sold $267,500 -16.4% $619 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $320,000 -- $741 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6872072

Arizona Regional Multiple Listing Service (ARMLS)