$625,000
$60K PRICE DROP

Estimated payment $3,401/month

Total Views 5,892
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill

About This Home

This property is one of has 12 total buildings and 24 units. Newer construction so property is not fully occupied. Rental data is for the past few months from when the certificate of occupancy was obtained and in the documents area. See the quality finishes, including quartz countertops, stainless steel appliance, inside laundry in all units, and more. Priced below appraisals for a quick sale. You can purchase one or more buildings as the have separate parcel numbers.

Listing Agent

Richard De Luca

FSR Realty License #BR662326000 Listed on: 04/02/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $178

Year Built

  • Built in 2025

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Natural Gas Not Available
  • Master Water Meter

Additional Features

  • Vertical Blinds
  • Additional Parcels

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 112
  • Assessor Parcel Number 113-25-060

Community Details

Overview

  • 2 Units
  • Building Dimensions are 337X164
  • Villas At 12Th Street Condominiums Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $178
  • Gross Income $812,250
  • Net Operating Income $18,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$178

Year Built

Built in 2025

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 7th Street & Broadway
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2025
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: VILLAS AT 12TH STREET CONDOMINIUMS
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Free-Standing Electric Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport, >1 Space Per Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter

Condo/Co-op/Association

  • Community Features: Other, Barbecue

Lot Info

  • Lot Size: 337X164
  • Additional Parcels: Yes
  • Parcel #: 113-25-060

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 812250.0
  • Property Net Operating Income: 18564.0
  • Annual Operating Expense: 178.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 178.0
  • Tax Book Number: 113.0
  • Tax Lot: 112

Map

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

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
2024 $2,591 $17,293 $17,293 --
2023 $2,591 $31,980 $31,980 $0
2022 $2,540 $26,475 $26,475 $0
2021 $2,591 $26,730 $26,730 $0
2020 $2,559 $24,960 $24,960 $0
2019 $836 $10,050 $2,010 $8,040
2018 $814 $8,170 $1,630 $6,540
2017 $776 $7,080 $1,410 $5,670
2016 $738 $6,350 $1,270 $5,080
2015 $695 $5,000 $1,000 $4,000
Source: Public Records

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
06/05/2026 06/05/26 Price Changed $625,000 -91.4% --
06/05/2026 06/05/26 Price Changed $7,250,000 +958.4% --
04/26/2026 04/26/26 Price Changed $685,000 +5.4% --
04/08/2026 04/08/26 Price Changed $650,000 -91.8% --
04/03/2026 04/03/26 Price Changed $7,950,000 +1060.6% --
04/02/2026 04/02/26 For Sale $685,000 -91.4% --
03/18/2026 03/18/26 For Sale $8,000,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7008184

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-25-005

Your Personal Tour Guide

Ask me questions while you tour the home.