4028 S 15th St Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $6,740/month
Highlights
- Ceramic Tile Flooring
- Central Air
- Desert Landscape
- Phoenix Coding Academy Rated A
- Fenced
- Heating Available
About This Home
Turnkey investment opportunity with ALL units FULLY OCCUPIED! featuring a fully remodeled multi-building INCOME property with modern finishes throughout. Gated entry with remote access, plus ample parking with both covered and uncovered spaces. Well-maintained and ready for continued cash flow. Building One includes three apartments: one 2 bed/2 bath and two 1 bed/1 bath units, all with kitchens and W/D hookups. Buildings Two and Three offer four identical 1 bed/1 bath units with living rooms, kitchens, W/D hookups, and private back patioS! The property also includes two newer mobile homes with primary bedrooms, en-suite baths, and W/D hookups.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $686
Year Built
- Built in 1961
Lot Details
- Fenced
- Desert Landscape
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile Flooring
Home Security
- Security Lights
- Fire and Smoke Detector
Parking
- 14 Parking Spaces
- Carport
- Free Parking
- 6 Open Parking Spaces
- Assigned Parking
Schools
- South Mountain High School
Utilities
- Central Air
- Heating Available
- Natural Gas Not Available
Listing and Financial Details
- The owner pays for water, sewer, electricity, trash collection
- Tax Lot 1
- Assessor Parcel Number 113-27-020
Community Details
Overview
- 5 Buildings
- 9 Units
- Building Dimensions are 13,572
- Norman Acres Subdivision
Building Details
- Operating Expense $36,014
- Gross Income $96,607
- Net Operating Income $133,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $704 | $4,669 | ||
| 2024 | $666 | $4,447 | ||
| 2023 | $666 | $39,270 | $7,850 | $31,420 |
| 2022 | $653 | $23,070 | $4,610 | $18,460 |
| 2021 | $666 | $19,930 | $3,980 | $15,950 |
| 2020 | $658 | $16,220 | $3,240 | $12,980 |
| 2019 | $637 | $14,250 | $2,850 | $11,400 |
| 2018 | $620 | $10,360 | $2,070 | $8,290 |
| 2017 | $591 | $9,130 | $1,820 | $7,310 |
| 2016 | $562 | $7,350 | $1,470 | $5,880 |
| 2015 | $529 | $7,950 | $1,590 | $6,360 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/12/2026 06/12/26 | Price Changed | $1,230,000 | -0.4% | -- | |
| 03/27/2026 03/27/26 | Price Changed | $1,235,000 | -1.2% | -- | |
| 01/21/2026 01/21/26 | For Sale | $1,250,000 | +941.7% | -- | |
| 06/21/2013 06/21/13 | Sold | $120,000 | -20.0% | $38 / Sq Ft | View Prior Sale |
| 04/10/2013 04/10/13 | Pending | -- | -- | -- | |
| 11/12/2012 11/12/12 | For Sale | $150,000 | -- | $48 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | First Integrity Title | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $120,000 | Driggs Title Agency Inc | |
| Cash Sale Deed | $36,100 | First American Title Ins Co | |
| Trustee Deed | $202,500 | Accommodation | |
| Warranty Deed | $230,000 | Fidelity National Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | Transnation Title Ins Co | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $110,000 | Old Republic Title Agency | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | New Conventional | |
| Open | $1,325,000 | New Conventional | |
| Previous Owner | $84,000 | Commercial | |
| Previous Owner | $96,000 | Commercial | |
| Previous Owner | $75,000 | Commercial | |
| Previous Owner | $251,000 | Unknown | |
| Previous Owner | $255,500 | Commercial | |
| Previous Owner | $24,000 | Commercial | |
| Previous Owner | $120,000 | Commercial | |
| Previous Owner | $120,624 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6972367
APN: 113-27-020
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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Ask me questions while you tour the home.