$840,000
PENDING

Estimated payment $4,735/month

Total Views 2,232
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Carpet
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

Hubbell (''the property'') is advantageously positioned to reach the significant submarkets of Arcadia, Tempe, and Scottsdale, all within a manageable commute time. With State Route 143 located less than a mile south of the property, residents have direct access to major thoroughfares providing the ability to reach The Valley's employment corridors and lifestyle amenities with ease. The Camelback Employment Corridor, at Camelback Road & 44th Street, along with the Novus Innovation Corridor and Lake District of Tempe, are home to a large amount of the most influential and innovative corporations in the metro area. In addition, the property is minutes from the ever-popular and ultra-affluent neighborhoods found throughout Arcadia and Old Town Scottsdale, and less than 10 minutes from one of the largest colleges in the nation, Arizona State University. Hubbell is a three-unit community comprised of two-bedroom floorplans each covering 675 square feet. Each of the units interior, the entire building's exterior, and large private backyards have been renovated making this property a cash-flowing turnkey asset. Future ownership will have the opportunity to acquire this asset with room to achieve higher rents than in place based on rents by comparable properties in the submarket.

Listing Agent

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 04/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,153

Year Built

  • Built in 1955

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 126-11-110

Community Details

Overview

  • 3 Units
  • Building Dimensions are 0.20

Building Details

  • Operating Expense $14,717
  • Gross Income $50,182
  • Net Operating Income $35,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,153

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2024
  • Road Surface Type: Concrete
  • Professional Management Expense: 2519.0
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 0.20
  • Additional Parcels: No
  • Parcel #: 126-11-110

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Electric Expense: 3710.0
  • Annual Gross Income: 50181.9
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 35655.0
  • Annual Operating Expense: 14717.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1153.0
  • Tax Book Number: 126.00
  • Tax Lot: 1

Map

Range of Values:

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Average Value
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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 $1,098 $9,143 -- --
2024 $1,088 $8,708 -- --
2023 $1,088 $47,920 $9,580 $38,340
2022 $1,049 $34,300 $6,860 $27,440
2021 $1,066 $30,070 $6,010 $24,060
2020 $1,046 $23,380 $4,670 $18,710
2019 $1,042 $17,500 $3,500 $14,000
2018 $982 $15,270 $3,050 $12,220
2017 $941 $14,430 $2,880 $11,550
2016 $920 $13,880 $2,770 $11,110
2015 $864 $9,060 $1,810 $7,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $840,000 +0.6% --
06/30/2023 06/30/23 Sold $835,000 -1.8% $1,237 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $850,000 +1.8% $1,259 / Sq Ft
05/13/2023 05/13/23 Off Market $835,000 -- --
05/02/2023 05/02/23 Price Changed $850,000 0.0% $1,259 / Sq Ft
05/02/2023 05/02/23 For Sale $850,000 0.0% $1,259 / Sq Ft
04/03/2023 04/03/23 For Sale $850,000 -- $1,259 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $810,000 Chicago Title Agency
Warranty Deed $835,000 Old Republic Title Agency
Warranty Deed $567,000 Great American Title
Warranty Deed $1,400,000 Great American Title
Warranty Deed $148,000 Stewart Title & Trust
Warranty Deed -- Capital Title Agency Inc
Quit Claim Deed -- Capital Title Agency Inc
Quit Claim Deed -- --
Warranty Deed -- Fidelity National Title
Warranty Deed $100,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $610,000 Seller Take Back
Previous Owner $600,000 Construction
Previous Owner $1,347,250 New Conventional
Previous Owner $60,800 New Conventional
Previous Owner $113,400 No Value Available
Previous Owner $95,000 New Conventional
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6853503

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-11-110B