$4,895,000
Phoenix, AZ 85041
MLS# 6968385
41 beds | 30 baths
1 / 13
Property Description
Newer Built Homes. 11 individual homes sold in bulk built in 2025. Nice community with 2 pocket parks. All homes have 2 car garages. Located near the new light rail line extension on Central Ave. All 11 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: $4,895,000
List Price: $4,895,000
Status: Active
List Date: 2026-01-14
Ownership: Fee Simple
Location, Tax & Legal
House Number: 137
Compass: W
Street Name: LATONA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85041
Zip4: 8152
Country: US
County Code: Maricopa
Subdivision: LATONA FONTAINE
Assessor Number: 300-40-525
Tax Year: 2026
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
Legal Info
Township: 1S
Range: 3E
Section: 5
Lot Number: 2
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 2384
Avg SqFt: 1388
# Baths: 2
4 Bedrooms Units
# 4 Bedroom Units: 8
Avg Rent: 2083
Avg SqFt: 1708
# Baths: 3
Structure
Bedrooms Total: 41
Bathrooms Total: 30
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
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: 33.372124
Geo Lon: -112.076527
Income Expenses
Gross Annual Sch Inc: 285816
Net Operating Income: 254251
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: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; 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
Existing 1st Loan: Conventional
New Financing: Cash; Conventional; Owner May Carry
Environmental: Other (See Remarks)
Listing Office: City to City Commercial
Office Phone: 480-355-2222
Last Updated: October - 08 - 2026
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