$710,000
SOLD MAY 30, 2025
-- Bed
-- Bath
2,380 Sq Ft
1959 Built

Recently Sold

$298 Per Sq Ft

5% Below List Price

1 Day on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of May 2025

Fantastic Investment Opportunity in Prime North Central Phoenix! Don't miss your chance to own this 4-plex, ideally situated in a quiet cul-de-sac within the prestigious Madison School District. This income-generating property with no HOA, features three 1-bedroom units and one spacious 2-bedroom unit, offering versatile rental appeal.3 out of 4 units are currently rented, providing immediate cash flow, and a reliable property management company is already in place to ensure smooth day-to-day operations. Property includes three newer A/C units, backyard and storage for each unit, community laundry closet with coin-op machines.Whether you're looking to expand your portfolio or secure a solid income property in a desirable location, this North Central gem checks all the boxes!

Last Agent to Sell the Property

Nicole Pilié

Compass Brokerage Phone: 480-694-4151 License #SA630446000 Listed on: 04/28/2025

Compass

Co-Listed By

Anne Sheldon

Compass Brokerage Phone: 480-694-4151 License #BR663185000

Last Buyer's Agent

Jonathan Leaman

America One Luxury Real Estate License #SA648438000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,622

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Schools

  • Madison Rose Lane Elementary School
  • Madison #1 Elementary Middle School
  • North High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 161-13-076

Community Details

Overview

  • 4 Units
  • Building Dimensions are 103 x 131
  • Beverly Glen Subdivision

Building Details

  • Operating Expense $2,622
  • Gross Income $40,180
  • Net Operating Income $18,661

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,622

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 12th Street and Rose Lane
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2024
  • Directions: Head north on 12th street, turn left on Rose Lane, turn right on 10th place, the property will be on your right.
  • Attribution Contact: 480-694-4151
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: BEVERLY GLEN
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: Free-Standing Range, Refrigerator, Built-In Electric Oven
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Built-In Electric Oven: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s), Electric, Individual, 2 or More Units
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: 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:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Madison Rose Lane School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Elementary School

Lot Info

  • Lot Size: 103 x 131
  • Additional Parcels: No
  • Parcel #: 161-13-076

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 40180.16
  • Property Net Operating Income: 18661.0
  • Annual Operating Expense: 2622.0

Tax Info

  • Tax Annual Amount: 2622.0
  • Tax Book Number: 161.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2025
Closed on
May 27, 2025
Sold by
Bonnie K Goslow Trust and Goslow Peter John
Bought by
Schneider Cory and Schneider Evan
Seller's Agent
Nicole Pilié
Compass
Buyer's Agent
Jonathan Leaman
America One Luxury Real Estate
List Price
$750,000
Sold Price
$710,000
Premium/Discount to List
-$40,000
-5.33%
Views
6
Current Estimated Value
$709,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$143
Avg. Annual Appreciation
-0.07%
Original Mortgage
$497,000
Outstanding Balance
$496,155
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$213,702

Purchase Details

Closed on
Jul 7, 2016
Sold by
Goslow Bonnie K
Bought by
Goslow Bonnie K and The Bonnie K Goslow Trust

Purchase Details

Closed on
Apr 25, 1996
Sold by
Vickrey Gaynel and Vickrey James
Bought by
Goslow Bonnie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
7.96%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Warranty Deed $710,000 Wfg National Title Insurance C
Interfamily Deed Transfer -- None Available
Warranty Deed $117,500 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $497,000 New Conventional
Previous Owner $97,500 New Conventional
Previous Owner $160,000 Fannie Mae Freddie Mac
Previous Owner $62,500 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $710,000 -5.3% $298 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/28/2025 04/28/25 For Sale $750,000 -- $315 / 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 $2,622 $21,109 -- --
2024 $2,552 $20,104 -- --
2023 $2,552 $58,660 $11,730 $46,930
2022 $2,476 $46,950 $9,390 $37,560
2021 $2,497 $39,900 $7,980 $31,920
2020 $2,458 $32,350 $6,470 $25,880
2019 $2,404 $26,980 $5,390 $21,590
2018 $2,345 $23,860 $4,770 $19,090
2017 $2,235 $21,770 $4,350 $17,420
2016 $2,157 $18,730 $3,740 $14,990
2015 $2,004 $18,010 $3,600 $14,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6858134

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-13-076