$1,190,000

Estimated payment $6,270/month

Total Views 4,415
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Heating system powered by solar not connected to the grid
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

Grossing $7,650 a month. With OWNED solar panels. Individual meters. Recently updated roof, partial plumbing, dual-pane, HVAC and water heaters- 3 years old.
Ability to increase rents/ add rubs. Exact same 2-bedroom, 1-bathroom layout. Every unit is equipped with a full-size stackable washer and dryer, with its own private patio and low-maintenance yard. Each tenant has covered parking! Situated in a rapidly developing neighborhood.

Listing Agent

Diana Yescas Navarro

The Ave Collective License #SA692049000 Listed on: 10/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $930

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Vinyl Flooring
  • Heating system powered by solar not connected to the grid

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 125-20-025

Community Details

Overview

  • 4 Units
  • Building Dimensions are 82.81x94.28x82.81x94.27
  • Whispering Sands Subdivision

Building Details

  • Operating Expense $13,315
  • Gross Income $91,800
  • Net Operating Income $77,687

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$930

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 40th St and McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Subdivision Name: WHISPERING SANDS
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: Solar
  • Cooling: Electric, Individual
  • Heating: Individual, Solar
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Solar: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 4608.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 82.81x94.28x82.81x94.27
  • Additional Parcels: No
  • Parcel #: 125-20-025

Multi Family

  • Owner Pays: See Remarks, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 3000.0
  • Annual Gross Income: 91800.0
  • Insurance Expense: 2777.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 77687.0
  • Annual Operating Expense: 13315.0

Tax Info

  • Tax Annual Amount: 930.0
  • Tax Book Number: 125.00
  • Tax Lot: 23

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 $988 $7,744 -- --
2024 $921 $7,375 -- --
2023 $921 $48,710 $9,740 $38,970
2022 $888 $31,770 $6,350 $25,420
2021 $903 $25,160 $5,030 $20,130
2020 $886 $20,760 $4,150 $16,610
2019 $883 $16,850 $3,370 $13,480
2018 $831 $14,950 $2,990 $11,960
2017 $797 $14,120 $2,820 $11,300
2016 $779 $8,220 $1,640 $6,580
2015 $731 $7,160 $1,430 $5,730
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2025 10/14/25 For Sale $1,190,000 +8.2% --
06/16/2023 06/16/23 Sold $1,100,000 0.0% $361 / Sq Ft View Prior Sale
05/04/2023 05/04/23 For Sale $1,100,000 +388.9% $361 / Sq Ft
09/02/2016 09/02/16 Sold $225,000 -1.7% $74 / Sq Ft View Prior Sale
09/01/2016 09/01/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $229,000 -- $75 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,100,000 Navi Title Agency
Special Warranty Deed $1,890,000 Commonwealth Title
Warranty Deed $225,000 Chicago Title Agency Inc
Cash Sale Deed $57,500 The Talon Group Surprise
Trustee Deed $161,500 None Available
Warranty Deed $247,500 Land Title Agency Of Az Inc
Warranty Deed $210,000 Capital Title Agency Inc
Interfamily Deed Transfer -- American Title Ins Agency Az
Warranty Deed -- --
Warranty Deed $101,500 Capital Title Agency
Warranty Deed -- Capital Title Agency
Warranty Deed $101,500 Capital Title Agency
Interfamily Deed Transfer -- --
Joint Tenancy Deed -- Stewart Title & Trust
Joint Tenancy Deed -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,136,300 VA
Previous Owner $1,831,420 Future Advance Clause Open End Mortgage
Previous Owner $160,875 Purchase Money Mortgage
Previous Owner $145,496 Seller Take Back
Previous Owner $96,425 New Conventional
Previous Owner $81,200 New Conventional
Closed $10,100 No Value Available
Closed $43,503 No Value Available
Closed $61,875 No Value Available
Closed $0 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6933173

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-20-025