$649,000

Estimated payment $3,612/month

Total Views 364
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

LOCATION, LOCATION, LOCATION! Secluded and private at the end of cul-de-sac yet walking distance to some of the best amenities Phoenix has to offer: the green belt parks, restaurants, and shopping. Minutes from the airport and freeway. Beautiful property with endless opportunities. You can rent both apartments for great cash flow or live in one and rent the other. You could also convert to single family home. Completely remodeled in 2021 and 2022, including quartz countertops, new baseboards, interior and exterior paint, and flooring for both units. New cabinets in unit 1. New low maintenance landscaping. 2 car attached garage to unit 2. Single car garage detached for Unit 1. Unit 1 pays 1400/month and unit 2 pays 1850/month. Unit 1 is 720sqft, unit 2 is 1190sqft. Property is listed by

Listing Agent

Mike Fuller

HomeSmart License #SA711097000 Listed on: 09/05/2025

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,241

Year Built

  • Built in 1971

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • 3 Covered Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 126-14-003-F

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7,410
  • Orangedale Tract 1,2, & 7,8 Subdivision

Building Details

  • Operating Expense $3,913
  • Gross Income $38,610
  • Net Operating Income $34,607

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,241

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: 48TH ST & THOMAS RD
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2024
  • Directions: From Thomas RD, turn south onto 48th ST. Head south until Cambridge AVE, on left. Turn east onto Cambridge AVE. Travel east until end of Cul-de-sac. It is the last property on the southside of Cambridge AVE.
  • Road Surface Type: Asphalt
  • Subdivision Name: ORANGEDALE TRACT 1,2, & 7,8
  • Garage Yn: Yes
  • Tax Parcel Letter: F
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved, Add'l Parking Avail, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1472.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7,410
  • Additional Parcels: No
  • Parcel #: 126-14-003-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 38610.0
  • Property Net Operating Income: 34607.0
  • Annual Operating Expense: 3913.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1241.0
  • Tax Book Number: 126.00
  • Tax Lot: 25

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

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 $1,241 $10,335 -- --
2024 $1,229 $9,842 -- --
2023 $1,229 $37,310 $7,460 $29,850
2022 $1,185 $29,020 $5,800 $23,220
2021 $1,205 $26,130 $5,220 $20,910
2020 $1,183 $23,020 $4,600 $18,420
2019 $1,178 $19,730 $3,940 $15,790
2018 $1,110 $16,810 $3,360 $13,450
2017 $1,063 $14,270 $2,850 $11,420
2016 $1,040 $11,700 $2,340 $9,360
2015 $976 $8,600 $1,720 $6,880
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $649,000 +31.1% --
03/08/2021 03/08/21 Sold $495,000 +1.0% $275 / Sq Ft
02/08/2021 02/08/21 Price Changed $490,000 +6.8% $272 / Sq Ft
02/06/2021 02/06/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $459,000 -- $255 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $495,000 First American Title Ins Co
Special Warranty Deed -- --
Interfamily Deed Transfer -- Century Title Agency Inc
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $371,250 New Conventional
Previous Owner $81,300 No Value Available
Previous Owner $80,800 No Value Available
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6915148

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-14-003F