$730,000
SOLD JUN 19, 2025
-- Bed
-- Bath
250 Sq Ft
1947 Built

Recently Sold

$2,920 Per Sq Ft

14% Below List Price

39 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • No Heating

About This Home

As of June 2025

This 18-unit property provides a great opportunity to create a thriving community in Downtown Phoenix. With the structures in place to create great living spaces, this property has unique flexibility to be traditional market-rate rentals or a master leased property to a third-party operator. This property is priced to sell with a huge upside and cash flow potential. Currently gutted and vacant units, get to work now with previously city-approved permits included in the sale!

Last Agent to Sell the Property

Tyler Bruggman

ABI Multifamily License #SA660047000 Listed on: 04/24/2025

Co-Listed By

Colin Kreager

ABI Multifamily License #SA693849000

Last Buyer's Agent

Robert Dukes

Delex Realty License #SA653018000

Delex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,891

Year Built

  • Built in 1947

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • Tax Lot 94
  • Assessor Parcel Number 112-09-099

Community Details

Overview

  • 6 Buildings
  • 18 Units
  • Building Dimensions are 140.53 x 122.89

Building Details

  • Operating Expense $3,891

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,891

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Cross Street: 15th Avenue and Grant Street
  • Property Type: Multiple Dwellings
  • Zoning: C-3, A-1
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1947
  • Tax Year: 2024
  • Directions: West to 17th Avenue, north to property
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: None
  • Cooling: None
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: None, City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Other

Lot Info

  • Lot Size: 140.53 x 122.89
  • Additional Parcels: No
  • Parcel #: 112-09-099

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 18
  • Annual Operating Expense: 3891.0

Tax Info

  • Tax Annual Amount: 3891.0
  • Tax Book Number: 112.00
  • Tax Lot: 94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2025
Closed on
Jun 18, 2025
Sold by
Ladowicz Tadeusz and Butler Margaret
Bought by
Mag Bay Marketing Llc
Seller's Agent
Tyler Bruggman
ABI Multifamily
Buyer's Agent
Robert Dukes
Delex Realty
List Price
$850,000
Sold Price
$730,000
Premium/Discount to List
-$120,000
-14.12%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
92.56%
Original Mortgage
$720,000
Outstanding Balance
$719,381
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$134,940

Purchase Details

Listed on
Apr 24, 2025
Closed on
Jun 13, 2025
Sold by
Vp17 Llc
Bought by
Ladowicz Tadeusz and Butler Margaret
Seller's Agent
Tyler Bruggman
ABI Multifamily
Buyer's Agent
Robert Dukes
Delex Realty
List Price
$850,000
Sold Price
$730,000
Premium/Discount to List
-$120,000
-14.12%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$719,381
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$134,940

Purchase Details

Closed on
Mar 23, 2023
Sold by
Ladowicz Tadeusz and Butler Margaret
Bought by
Vp17 Llc

Purchase Details

Closed on
Mar 30, 2022
Sold by
New Horizon Youth Homes Inc
Bought by
Ladowicz Tad and Butler Margaret

Purchase Details

Listed on
Dec 20, 2018
Closed on
Jul 18, 2019
Sold by
Haley Llc
Bought by
New Horizon Youth Homes Inc
Seller's Agent
Trevor Hardy
ABI Multifamily
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,020,000
Sold Price
$800,000
Premium/Discount to List
-$220,000
-21.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.07%

Purchase Details

Listed on
Jan 13, 2015
Closed on
Feb 9, 2015
Sold by
Mrw Investments Llc
Bought by
Haley Llc
Seller's Agent
Daniel Barraza
My Home Group Real Estate
Buyer's Agent
Bryan Schlueter
Midland Real Estate Alliance
List Price
$199,000
Sold Price
$219,300
Premium/Discount to List
$20,300
10.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.67%
Original Mortgage
$243,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 13, 2015
Closed on
Dec 17, 2014
Sold by
Guzman Homesllc R
Bought by
Mrw Investments Llc
Seller's Agent
Daniel Barraza
My Home Group Real Estate
Buyer's Agent
Bryan Schlueter
Midland Real Estate Alliance
List Price
$199,000
Sold Price
$219,300
Premium/Discount to List
$20,300
10.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2013
Sold by
Wombat Us Fund Llc
Bought by
R Guzman Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.41%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 6, 2013
Sold by
Paying Cash For Houses Com Llc
Bought by
Wombat Us Fund Llc

Purchase Details

Closed on
Jan 30, 2013
Sold by
7100 Accceptance Oreo Llc
Bought by
Paying Cash For Houses Com Llc

Purchase Details

Closed on
Dec 8, 2012
Sold by
Dy Donald J and Dy Lisa T
Bought by
Acceptance Oreo Llc

Purchase Details

Closed on
Jun 5, 2008
Sold by
Dy Donald J
Bought by
Dy Donald J and Dy Lisa T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2007
Sold by
Dy Lisa
Bought by
Dy Donald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 1999
Sold by
Stevens Kevin and Stevens Teresa M
Bought by
Muller Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
7.64%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 15, 1999
Sold by
Miles Larry F
Bought by
Stevens Kevin W and Stevens Teresa M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $730,000 Fidelity National Title Agency
Special Warranty Deed -- Fidelity National Title Agency
Quit Claim Deed -- None Listed On Document
Special Warranty Deed $700,000 Chicago Title
Special Warranty Deed $800,000 Chicago Title Agency
Special Warranty Deed $219,300 Fidelity Natl Title Agency
Trustee Deed $130,001 None Available
Warranty Deed $299,000 Greystone Title Agency Llc
Special Warranty Deed -- None Available
Cash Sale Deed $195,000 Fidelity National Title Agen
Warranty Deed -- Empire West Title Agency
Interfamily Deed Transfer -- North American Title Company
Interfamily Deed Transfer -- North American Title Co
Warranty Deed $350,000 North American Title Co
Warranty Deed $145,000 Transnation Title Ins Co
Joint Tenancy Deed $5,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 New Conventional
Previous Owner $657,500 Commercial
Previous Owner $243,000 Commercial
Previous Owner $130,001 Commercial
Previous Owner $255,000 Seller Take Back
Previous Owner $590,000 Commercial
Previous Owner $350,000 Commercial
Previous Owner $127,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Sold $730,000 -14.1% $2,920 / Sq Ft
04/24/2025 04/24/25 For Sale $850,000 +6.3% $3,400 / Sq Ft
07/25/2019 07/25/19 Sold $800,000 0.0% $3,200 / Sq Ft
06/21/2019 06/21/19 Off Market $800,000 -- --
06/06/2019 06/06/19 Pending -- -- --
03/25/2019 03/25/19 Price Changed $850,000 -5.6% $3,400 / Sq Ft
02/25/2019 02/25/19 Price Changed $900,000 -11.8% $3,600 / Sq Ft
12/20/2018 12/20/18 For Sale $1,020,000 +365.1% $4,080 / Sq Ft
02/09/2015 02/09/15 Sold $219,300 +10.2% $877 / Sq Ft
01/21/2015 01/21/15 Pending -- -- --
01/13/2015 01/13/15 For Sale $199,000 -- $796 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $3,891 $29,098 -- --
2024 $5,835 $27,713 -- --
2023 $5,835 $128,610 $25,720 $102,890
2022 $5,628 $89,230 $17,840 $71,390
2021 $5,586 $58,270 $11,650 $46,620
2020 $5,650 $61,320 $12,260 $49,060
2019 $5,641 $61,080 $12,210 $48,870
2018 $5,545 $61,300 $12,260 $49,040
2017 $5,416 $57,470 $11,490 $45,980
2016 $5,260 $35,620 $7,120 $28,500
2015 $4,867 $37,220 $7,440 $29,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6856997

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-09-099