$4,995,000
Phoenix, AZ 85041
MLS# 6968385
1 / 13
Property Description
11 individual homes sold in bulk built in 2024. Nice community with 2 pocket parks. All homes have 2 car garages. Located near the new light rail line extension on Central Ave. AS of now, 8 homes are leased, self-managed by the owner. Owner maintains the common areas and provides quarterly exterior pest control. Buyer to verify all information.
Details
Contract Info
Current Price: $4,995,000
List Price: $4,995,000
Status: Active
List Date: 2026-01-14
Ownership: Fee Simple
Location Tax Legal
House Number: 141
Compass: W
Street Name: LATONA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85041
Zip4: 8152
County Code: Maricopa
Subdivision: LATONA FONTAINE
Assessor Number: 300-40-524
Tax Year: 2025
General Property Description
Lot Size Dimensions: Irregular
Year Built: 2025
Total # of Units: 11
# of Buildings: 11
Zoning: Residential
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: Baseline and 7th Ave
Directions: South from Baseline Rd. on 7th Ave to Gary Way. East to 5th Ave. South to Beverly Rd. East to 2nd Dr. South to Latona then east to the 11 new homes.
Geo Lat: 33.372055
Geo Lon: -112.076702
Legal Info
Township: 1S
Range: 3E
Section: 5
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 282708
Net Operating Income: 254251
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 1967
Avg SqFt: 1388
# Baths: 2
4 Bedrooms Units
# 4 Bedroom Units: 8
Avg Rent: 2458
Avg SqFt: 1708
# Baths: 3
Property Features
Project Type: 5 - 12 Units; Other (See Remarks)
Other Type: Packaged Offering
Construction: Wood Frame
Const - Finish: Stucco
Construction Status: New Construction
Roofing: Composition; Foam; See Remarks
Floors: Laminate
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System
Appliances Included: Built-In Range; Other; See Remarks
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Garage
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; See Remarks
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional; Owner May Carry
Environmental: Other (See Remarks)
Listing Office: City to City Commercial
Last Updated: January - 14 - 2026
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