$1,399,000
$1,399,000
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SOLD DATE : 03/10/2026
Key Details
Sold Price $1,399,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Home Acres
MLS Listing ID 6938581
Sold Date 03/10/26
Year Built 1954
Annual Tax Amount $2,617
Tax Year 2024
Lot Dimensions 11382 sf
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This pristine seven unit complex is located in the coveted 85016 zip code on a quiet, dead-end street. 7.68 CAP on actual numbers. High-quality new construction across the street. This pocket is arguably one of the nicest you will find in Phoenix. In close proximity to the Biltmore Corridor, Arcadia Lite, PHX Children's Hospital & PHX Country Club. Premium rental market. Stabilized 7.68 CAP with 100% occupancy (master leased to 9/30/2027)-hard to match this! Completely renovated a few years ago from top-to-bottom. Upgrades include, but are not limited to, plumbing/electrical/HVACs/roofs/windows/carpentry/landscaping & more. All 1 bedroom units (507 sf +/-) over three single-story buildings. 11,382 sf lot. R-3 zoning. 1954 build. T-12 in documents.
Location
State AZ
County Maricopa
Community Home Acres
Area Maricopa
Zoning R-3
Direction Just south off Osborn. Hwy 51 is 1/2 mile east (but exit @ Thomas) or 16th/Osborn east.
Interior
Heating Forced Air, Individual, Heat Pump, Electric
Cooling Central Air, See Remarks, Electric, Heat Pump, Individual
Flooring Other
Appliance Other, Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, See Remarks, Microwave
Exterior
Parking Features Paved, Add'l Parking Avail, 1 Space/Unit
Community Features Other, Barbecue
Roof Type Composition
Private Pool No
Building
Sewer Sewer-In & Connected, Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 119-32-130
Acceptable Financing Conventional
Disclosures Other (See Remarks)
Listing Terms Conventional
Financing Conventional
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