$600,000

Estimated payment $3,393/month

Total Views 3,538
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Washington High School Rated A-
  • Ceiling Fan

About This Home

Excellent investment opportunity! This centrally located triplex features three 2-bedroom, 1-bath units, each approximately 621 sq ft. Units are efficiently designed and offer solid rental potential in a high-demand area. Located near Grand Canyon University, major freeways, shopping, and dining. With strong rental demand and low vacancy in the area, this property is ideal for investors looking to expand their portfolio. Don't miss this chance to own a cash-flowing asset in the heart of Phoenix!

Listing Agent

Edward Caro

RE/MAX Desert Showcase License #SA662579000 Listed on: 02/07/2025

RE/MAX Desert Showcase

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $952

Year Built

  • Built in 1985

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 6 Parking Spaces
  • 1 Covered Space
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 64
  • Assessor Parcel Number 156-01-074

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8,373
  • Wilshire Manor Unit 2 Subdivision

Building Details

  • Operating Expense $952
  • Gross Income $39,600
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$952

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 27th Ave and Ocotillo Rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2024
  • Directions: From 27th Ave, head east on Ocotillo Rd, then take the first turn north. The triplex is facing west on 27th Ave, located between Glendale Rd and Bethany Home Rd.
  • Road Surface Type: Asphalt
  • Subdivision Name: WILSHIRE MANOR UNIT 2
  • Garage Yn: Yes
  • 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: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit, <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 8,373
  • Additional Parcels: No
  • Parcel #: 156-01-074

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 39600.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 952.0

Tax Info

  • Tax Annual Amount: 952.0
  • Tax Book Number: 156.00
  • Tax Lot: 64

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 $952 $7,782 -- --
2024 $935 $7,412 -- --
2023 $935 $25,600 $5,120 $20,480
2022 $904 $19,770 $3,950 $15,820
2021 $916 $18,170 $3,630 $14,540
2020 $893 $16,030 $3,200 $12,830
2019 $876 $13,130 $2,620 $10,510
2018 $854 $11,700 $2,340 $9,360
2017 $849 $10,180 $2,030 $8,150
2016 $834 $8,500 $1,700 $6,800
2015 $772 $7,230 $1,440 $5,790
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $600,000 0.0% --
04/02/2025 04/02/25 Price Changed $599,900 0.0% --
02/07/2025 02/07/25 For Sale $600,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Available
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6816664

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-01-074