$1,695,000
$100K PRICE DROP

Estimated payment $9,564/month

Total Views 4,603
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Madison Richard Simis School Rated A-

About This Home

8 units located in the Uptown Phoenix Submarket. Originally built in 1948, the asset sits across two separate parcels (602-606 E San Juan Ave), adjacent to the Yard at Culinary Dropout and many other shopping & dining options. The property consists of a mix of one- and two-bedroom floor plans, each with private back patios. The interiors of the units feature a variety of finishes but have each undergone various updates throughout recent years, including granite countertops, laminate flooring, new appliances and vanities, and updated cabinetry. The community amenities include a private courtyard area, 3-enclosed garages that allow for additional income, on-site laundry facilities, and covered parking. This is a unique opportunity to acquire a value-add asset in a highly desirable location

Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 02/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,399

Year Built

  • Built in 1948

Lot Details

  • Additional Parcels

Home Design

  • Tile Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 11 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 162-35-011

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 19180
  • Camel Square Subdivision

Building Details

  • Operating Expense $26,472
  • Gross Income $123,452
  • Net Operating Income $94,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,399

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: CAMEL SQUARE
  • Garage Yn: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: 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: Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual
  • 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:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 9288.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 19180
  • Additional Parcels: Yes
  • Parcel #: 162-35-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 8
  • Annual Gross Income: 123451.55
  • Insurance Expense: 2035.0
  • Maintenance Expense: 6000.0
  • Property Net Operating Income: 94414.0
  • Annual Operating Expense: 26472.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 6399.0
  • Tax Book Number: 162.00
  • Tax Lot: 12

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 $3,369 $27,129 -- --
2024 $3,279 $25,838 -- --
2023 $3,279 $50,610 $10,120 $40,490
2022 $3,181 $38,030 $7,600 $30,430
2021 $3,209 $37,570 $7,510 $30,060
2020 $3,159 $31,910 $6,380 $25,530
2019 $3,089 $27,280 $5,450 $21,830
2018 $3,014 $24,870 $4,970 $19,900
2017 $2,872 $23,270 $4,650 $18,620
2016 $2,773 $21,070 $4,210 $16,860
2015 $2,575 $18,950 $3,790 $15,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 Price Changed $1,695,000 -3.1% --
04/30/2025 04/30/25 Price Changed $1,750,000 -2.5% --
03/08/2025 03/08/25 For Sale $1,795,000 0.0% --
02/25/2025 02/25/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $1,795,000 +680.4% --
04/26/2013 04/26/13 Sold $230,000 -3.8% $108 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
12/03/2012 12/03/12 For Sale $239,000 -- $113 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 Lawyers Title Of Arizona Inc
Cash Sale Deed $110,000 American Title Service Agenc
Interfamily Deed Transfer -- American Title Service Agenc
Interfamily Deed Transfer -- American Title Service Agenc
Special Warranty Deed -- American Title Service Agenc
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Equity Title Agency Inc
Warranty Deed $432,500 Equity Title Agency Inc
Warranty Deed $129,000 Stewart Title & Trust
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $127,900 Adjustable Rate Mortgage/ARM
Previous Owner $165,000 Unknown
Previous Owner $346,000 Purchase Money Mortgage
Previous Owner $289,750 Unknown
Previous Owner $185,250 Unknown
Previous Owner $99,900 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6822844

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-35-011