$1,890,000

Estimated payment $10,014/month

Total Views 2,303
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Brick Veneer
  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • Sunnyslope High School Rated A
  • Ceiling Fan
  • 2-minute walk to Palma Park

About This Home

FULLY UPDATED ELECTRICAL & WIRING. Fully renovated 10-unit multifamily asset in the highly desirable Uptown Phoenix submarket. The property features a compelling unit mix across two contiguous parcels and benefits from approximately $355,000 of capital improvements completed over the last 1.5 years. With strong leasing momentum, stabilized operations, and market rent upside, this property is well-positioned for both yield-focused and appreciation-driven investors.

Listing Agent

Hudson Robison

The Broker Reserve LLC License #BR692045000 Listed on: 11/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,732

Year Built

  • Built in 1945

Home Design

  • Brick Veneer
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Desert View Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 160-50-087

Community Details

Overview

  • 10 Units
  • Building Dimensions are 100 x 125
  • Sunnyslope Subdivision

Building Details

  • Operating Expense $37,781
  • Gross Income $135,660
  • Net Operating Income $97,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,732

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Dunlap & 3rd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2024
  • Professional Management Expense: 4836.0
  • Subdivision Name: SUNNYSLOPE
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: See Remarks

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit
  • 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:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 1520.0
  • Trash Expense: 3325.0
  • Annual Water Sewer Expense: 5051.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: 100 x 125
  • Additional Parcels: Yes
  • Parcel #: 160-50-087

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 10
  • Electric Expense: 2332.0
  • Annual Gross Income: 135660.0
  • Insurance Expense: 6985.0
  • Maintenance Expense: 11000.0
  • Property Net Operating Income: 97880.0
  • Annual Operating Expense: 37780.86
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2731.86
  • Tax Book Number: 160.00
  • Tax Lot: 20

Map

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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 $159 $1,253 $1,253 --
2024 $150 $1,193 $1,193 --
2023 $150 $5,680 $5,680 $0
2022 $145 $3,870 $3,870 $0
2021 $147 $3,140 $3,140 $0
2020 $144 $2,700 $2,700 $0
2019 $141 $2,450 $2,450 $0
2018 $137 $1,850 $1,850 $0
2017 $137 $1,530 $1,530 $0
2016 $134 $1,370 $1,370 $0
2015 $124 $1,210 $1,210 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2025 11/26/25 For Sale $1,890,000 +198.8% --
01/26/2024 01/26/24 Sold $632,500 -9.6% $719 / Sq Ft View Prior Sale
12/14/2023 12/14/23 For Sale $700,000 +144.8% $795 / Sq Ft
12/31/2016 12/31/16 Sold $286,000 -4.3% $325 / Sq Ft View Prior Sale
07/17/2016 07/17/16 For Sale $299,000 -- $340 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $1,265,000 Empire Title Agency
Warranty Deed $1,265,000 Empire Title Agency
Warranty Deed $149,500 Chicago Title Agency Inc
Warranty Deed $190,000 Capital Title Agency Inc
Warranty Deed $190,000 Capital Title Agency Inc
Warranty Deed $275,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 Seller Take Back
Previous Owner $600,000 Seller Take Back
Previous Owner $107,250 Commercial
Previous Owner $142,500 Purchase Money Mortgage
Previous Owner $190,506 Purchase Money Mortgage
Closed $28,500 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6951020

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-50-087