$390,000

Estimated payment $2,126/month

Total Views 57
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heat Pump System
  • Sunnyslope High School Rated A
  • Ceiling Fan

About This Home

ATTENTION: THIS IS A 2 UNIT PROPERTY AND YOU MUST BUY THE FOURPLEX NEXT DOOR. fully occupied 6-unit apartment building, offering consistent cash flow with significant income growth and value-add potential. This property represents a rare opportunity to acquire a stable, income-producing asset with strong long-term appreciation prospects. Buyers may purchase both properties using two separate Residential Loans, a single Commercial Loan, or potentially qualify through a DCR loan, providing flexible financing options to maximize investment potential.

Listing Agent

Jose Cereceres

Pak Home Realty License #SA679247000 Listed on: 09/11/2025

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $580

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Free Parking

Schools

  • Sunnyslope Elementary School
  • Sunnyslope High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • Tax Lot 30
  • Assessor Parcel Number 159-35-112-A

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 70.23-49.39-70.23-49.39
  • Waltmore Subdivision

Building Details

  • Operating Expense $7,572
  • Gross Income $39,149
  • Net Operating Income $29,789

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$580

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: N 7th St and E Hatcher Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2024
  • Directions: Head north on N 7th St. Turn right onto E Hatcher Rd. Turn right onto North 11th St. Home will be on the left.
  • Road Surface Type: Asphalt
  • Subdivision Name: WALTMORE
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features Free2: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit, Heat Pump
  • Heating: Individual, Heat Pump, Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes

Fee Information

  • Annual Water Sewer Expense: 1685.0

Schools

  • Elementary School: Sunnyslope Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Sunnyslope Elementary School

Lot Info

  • Lot Size: 70.23-49.39-70.23-49.39
  • Additional Parcels: Yes
  • Parcel #: 159-35-112-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Electric Expense: 1925.0
  • Annual Gross Income: 39149.2
  • Insurance Expense: 1751.0
  • Maintenance Expense: 1280.0
  • Property Net Operating Income: 29788.5
  • Annual Operating Expense: 7571.5
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 580.5
  • Tax Book Number: 159.00
  • Tax Lot: 30

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 $559 $4,569 -- --
2024 $549 $4,351 -- --
2023 $549 $16,060 $3,210 $12,850
2022 $531 $11,470 $2,290 $9,180
2021 $538 $9,760 $1,950 $7,810
2020 $524 $8,480 $1,690 $6,790
2019 $515 $7,360 $1,470 $5,890
2018 $501 $6,220 $1,240 $4,980
2017 $499 $5,010 $1,000 $4,010
2016 $490 $4,450 $890 $3,560
2015 $453 $3,700 $740 $2,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 For Sale $390,000 +8.3% --
12/11/2024 12/11/24 Sold $360,000 -64.0% $447 / Sq Ft
12/06/2024 12/06/24 Sold $999,000 0.0% $1,239 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
11/11/2024 11/11/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $999,000 +199.1% $1,239 / Sq Ft
11/05/2024 11/05/24 For Sale $334,000 -66.6% $414 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
10/27/2024 10/27/24 Pending -- -- --
10/18/2024 10/18/24 Price Changed $999,000 +199.1% $1,239 / Sq Ft
10/18/2024 10/18/24 Price Changed $334,000 -4.3% $414 / Sq Ft
10/02/2024 10/02/24 Price Changed $349,000 -0.3% $433 / Sq Ft
09/11/2024 09/11/24 For Sale $350,000 -66.6% $434 / Sq Ft
09/08/2024 09/08/24 Price Changed $1,049,000 +0.4% $1,301 / Sq Ft
09/07/2024 09/07/24 Price Changed $1,045,000 -2.3% $1,297 / Sq Ft
08/02/2024 08/02/24 For Sale $1,070,000 0.0% $1,328 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/20/2024 07/20/24 Price Changed $1,070,000 -2.3% $1,328 / Sq Ft
06/18/2024 06/18/24 For Sale $1,095,000 0.0% $1,359 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $1,095,000 -- $1,359 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $360,000 Wfg National Title Insurance C
Warranty Deed $360,000 Wfg National Title Insurance C
Warranty Deed -- Empire Title Agency
Warranty Deed $250,000 Empire Title Agency
Cash Sale Deed $65,000 Chicago Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Closed $270,000 New Conventional
Previous Owner $175,000 New Conventional
Previous Owner $292,500 Construction
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6919976

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-35-112A