$1,334,000
$61K PRICE DROP

Estimated payment $7,343/month

Total Views 7,059
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Furnished
  • Breakfast Bar
  • Home Security System
  • Longview Elementary School Rated 9+
  • Community Playground
  • Community Barbecue Grill

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! Shared laundry on site! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!

Listing Agent

John Fagundes

AZREAPM License #BR539372000 Listed on: 01/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,491

Year Built

  • Built in 1946

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Breakfast Bar

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Paved Parking
  • Additional Parking
  • On-Street Parking

Outdoor Features

  • Outdoor Storage

Schools

  • Longview Elementary School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Cable TV Available

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,491

Year Built

Built in 1946

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 12th St & Campbell
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: CAROLYN PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Disposal, Microwave, Washer/Dryer

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Brick, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space/Unit, Paved, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric, Central
  • Security: Security Alarm(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter

Condo/Co-op/Association

  • Community Features: No Pool, Play Area, Barbecue

Fee Information

  • Annual Fuel Expense: 1407.02
  • Annual Water Sewer Expense: 3121.0

Schools

  • Elementary School: Longview Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Longview Elementary School

Lot Info

  • Lot Size: 12,929
  • Additional Parcels: No
  • Parcel #: 155-14-015

Multi Family

  • Owner Pays: Water, Sewer, Electricity, Gas, Trash Collection, Cable TV
  • Tenant Pays: None
  • Number Of Units Total: 4
  • Electric Expense: 5841.35
  • Annual Gross Income: 121606.0
  • Insurance Expense: 2300.0
  • Maintenance Expense: 13013.0
  • Property Net Operating Income: 61771.0
  • Annual Operating Expense: 60837.37

Tax Info

  • Tax Annual Amount: 1491.0
  • Tax Lot: 47

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 $1,543 $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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2026 02/24/26 Price Changed $1,334,000 -1.1% --
01/08/2026 01/08/26 Price Changed $1,349,000 -0.1% --
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 View Prior Sale
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 View Prior Sale
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 View Prior Sale
07/24/2013 07/24/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $99,900 -- $93 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $142,373 FHA
Previous Owner $85,000 New Conventional
Previous Owner $50,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6810283

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-14-015

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