$1,060,000
$39K PRICE DROP

Estimated payment $5,777/month

Total Views 4,137
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

Polished 5 unit with all good-sized 1 bedroom units. Prime location in the heart of Phoenix. Only 3 Blocks to the Biltmore Corridor edge. 1.7 miles to Uptown Plaza. 2 miles to Biltmore Fashion Park. 2.2 miles to PCH. Blocks to the ''7's'', the 51 & LRT.

All newer electrical, plumbing, HVACs & roofs. The units have upgraded interiors as well, including a washer/dryer combo, quartz countertops, white shaker cabinets, & many more amenities.

High concentration of professional jobs within 3 miles. As centrally located in the valley as you can get. Excellent rental market for 1 bed units.

6 CAP based on actual/proforma. Owner expenses may vary.

5 Units all bigger 1BR/1BA (565 SF Ave)

2,824 SF total Interior SF. 12,305 SF Lot.

Built 1961/1975. R-3,

No tenant disturbances.

Listing Agent

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 05/14/2025

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,887

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 155-08-019-C

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 12305 sf
  • Meadowbrook Tract Blk 1 Subdivision

Building Details

  • Operating Expense $11,349
  • Gross Income $75,664
  • Net Operating Income $64,311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,887

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Campbell & 16th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2024
  • Directions: Camelback Corridor. Exit Highland Ave off Hwy 57.
  • Road Surface Type: Asphalt
  • Subdivision Name: MEADOWBROOK TRACT BLK 1
  • Tax Parcel Letter: C
  • Cooling:Central Air: Yes
  • 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: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Individual, Central, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 12305 sf
  • Additional Parcels: No
  • Parcel #: 155-08-019-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 75663.88
  • Property Net Operating Income: 64311.0
  • Annual Operating Expense: 11349.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1887.0
  • Tax Book Number: 155.00
  • Tax Lot: 16

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
09/15/2025 09/15/25 Price Changed $1,060,000 -3.5% --
05/14/2025 05/14/25 For Sale $1,099,000 0.0% --
03/05/2025 03/05/25 Off Market $1,099 -- --
01/03/2025 01/03/25 Price Changed $1,099 -2.3% $2 / Sq Ft
12/04/2024 12/04/24 Price Changed $1,125 +2.4% $2 / Sq Ft
08/07/2023 08/07/23 For Rent -- -- --
07/13/2023 07/13/23 For Rent -- -- --
06/14/2023 06/14/23 For Rent -- -- --
05/20/2022 05/20/22 For Rent $1,099 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6866244

Arizona Regional Multiple Listing Service (ARMLS)