939 E Turney Ave Phoenix, AZ 85014
Central City NeighborhoodEstimated payment $7,317/month
Highlights
- Community Playground
- Community Barbecue Grill
- Ceiling Fan
- Phoenix Coding Academy Rated A
- Central Heating and Cooling System
- Concrete Flooring
About This Home
Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,491
Year Built
- Built in 1946
Home Design
- Brick Exterior Construction
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Concrete Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Paved Parking
- On-Street Parking
Schools
- Longview Elementary School
- Central High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 47
- Assessor Parcel Number 155-14-015
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 12,929
- Carolyn Place Subdivision
Amenities
- Community Barbecue Grill
Recreation
- Community Playground
Building Details
- Operating Expense $60,837
- Gross Income $121,606
- Net Operating Income $61,771
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,491 | $11,882 | -- | -- |
| 2024 | $1,441 | $11,317 | -- | -- |
| 2023 | $1,441 | $50,770 | $10,150 | $40,620 |
| 2022 | $1,433 | $34,870 | $6,970 | $27,900 |
| 2021 | $1,457 | $29,470 | $5,890 | $23,580 |
| 2020 | $1,420 | $24,580 | $4,910 | $19,670 |
| 2019 | $1,358 | $22,810 | $4,560 | $18,250 |
| 2018 | $1,313 | $17,870 | $3,570 | $14,300 |
| 2017 | $1,206 | $18,630 | $3,720 | $14,910 |
| 2016 | $1,163 | $14,370 | $2,870 | $11,500 |
| 2015 | $1,081 | $11,460 | $2,290 | $9,170 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | Price Changed | $1,350,000 | -1.8% | -- |
| 02/06/2025 02/06/25 | Price Changed | $1,375,000 | -1.4% | -- |
| 01/24/2025 01/24/25 | For Sale | $1,395,000 | +21.3% | -- |
| 02/28/2022 02/28/22 | Sold | $1,150,000 | 0.0% | $1,065 / Sq Ft |
| 03/27/2021 03/27/21 | For Sale | $1,150,000 | +693.1% | $1,065 / Sq Ft |
| 04/08/2014 04/08/14 | Sold | $145,000 | +7.4% | $134 / Sq Ft |
| 02/17/2014 02/17/14 | Pending | -- | -- | -- |
| 11/21/2013 11/21/13 | For Sale | $135,000 | +32.4% | $125 / Sq Ft |
| 07/31/2013 07/31/13 | Sold | $102,000 | +2.1% | $94 / Sq Ft |
| 07/24/2013 07/24/13 | Pending | -- | -- | -- |
| 07/17/2013 07/17/13 | For Sale | $99,900 | -- | $93 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,150,000 | Grand Canyon Title | |
| Warranty Deed | $145,000 | First American Title Ins Co | |
| Cash Sale Deed | $102,000 | American Title Service Agenc | |
| Cash Sale Deed | $54,300 | Lawyers Title | |
| Cash Sale Deed | $54,300 | Lawyers Title | |
| Trustee Deed | $112,769 | First American Title | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $70,000 | Transnation Title Insurance |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $860,000 | New Conventional | |
| Previous Owner | $19,816 | FHA | |
| Previous Owner | $141,738 | FHA | |
| Previous Owner | $142,373 | FHA | |
| Previous Owner | $85,000 | Unknown | |
| Previous Owner | $85,000 | New Conventional | |
| Previous Owner | $29,200 | Stand Alone Second | |
| Previous Owner | $50,000 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6810283
APN: 155-14-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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