$1,224,997
$75K PRICE DROP

Estimated payment $6,566/month

Total Views 6,629
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

This five-unit historic garden-style property includes three buildings on one parcel, built in 1931. The unit mix suits both long- and short-term rentals, featuring one two-story 2-bed/2-bath unit, two 2-bed/1-bath units, and two 1-bed/1-bath units. Each fully furnished unit has a proven track record as a short- and mid-term rental. Interiors are lightly updated with wood and tile flooring, refreshed kitchens, and bathrooms. On-site amenities include a community laundry room, dedicated parking, and private patios for select units. Individually metered for electricity, the property offers tenant convenience and expense control. Located in the Garfield Historic District, just blocks from Roosevelt Row, ASU Downtown, Chase Field, and Footprint Center.

Listing Agent

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 06/16/2025

Co-Listing Agent

Andrew Arambula

ABI Multifamily License #SA688881000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,770

Year Built

  • Built in 1931

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 116-32-005

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 8,985
  • Churchill Annex Subdivision

Building Details

  • Operating Expense $1,770
  • Gross Income $64,038
  • Net Operating Income $96,809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,770

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1931
  • Tax Year: 2024
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CHURCHILL ANNEX
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: Built-In Range, Free-Standing Range, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

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

Utilities

  • Electric: APS
  • Cooling: Central Air, Window/Wall Unit, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8,985
  • Additional Parcels: No
  • Parcel #: 116-32-005

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 5
  • Annual Gross Income: 64037.5
  • Property Net Operating Income: 96809.0
  • Annual Operating Expense: 1770.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 1770.0
  • Tax Book Number: 116.00
  • Tax Lot: 5

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $1,880 $13,238 -- --
2024 $1,753 $12,608 -- --
2023 $1,753 $64,230 $12,840 $51,390
2022 $1,691 $43,620 $8,720 $34,900
2021 $1,678 $36,430 $7,280 $29,150
2020 $1,697 $30,550 $6,110 $24,440
2019 $1,695 $24,230 $4,840 $19,390
2018 $1,666 $20,360 $4,070 $16,290
2017 $1,627 $19,070 $3,810 $15,260
2016 $1,580 $14,410 $2,880 $11,530
2015 $1,462 $12,280 $2,450 $9,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/18/2025 11/18/25 Price Changed $1,224,997 0.0% --
11/13/2025 11/13/25 Price Changed $1,224,998 0.0% --
09/16/2025 09/16/25 Price Changed $1,224,999 0.0% --
08/14/2025 08/14/25 Price Changed $1,225,000 -3.9% --
07/08/2025 07/08/25 Price Changed $1,275,000 -1.9% --
06/16/2025 06/16/25 For Sale $1,300,000 +266.2% --
10/31/2014 10/31/14 Sold $355,000 -11.0% $351 / Sq Ft View Prior Sale
10/01/2014 10/01/14 Pending -- -- --
04/23/2014 04/23/14 For Sale $399,000 -- $395 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Cash Sale Deed $355,000 First Arizona Title Agency
Trustee Deed $280,928 Lawyers Title Company
Trustee Deed $280,928 Lawyers Title Company
Warranty Deed -- Security Title Agency
Warranty Deed $160,000 Security Title Agency
Interfamily Deed Transfer -- Security Title Agency
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $120,000 Security Title Agency
Warranty Deed $68,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $277,400 Purchase Money Mortgage
Previous Owner $128,000 Seller Take Back
Previous Owner $50,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6880899

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-32-005