1023 E AMELIA Avenue, Phoenix, AZ 85014
$1,000,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,000,000
Last Modified:
12/22/2025
Description
Must be sold with the 3 other parcels. Herradura Villas Fourplex (2 duplexes one lot) has undergone a comprehensive renovation with no detail overlooked. Each of the 4 units 1-bedroom, 1-bathroom units boasts high-end finishes and thoughtful upgrades, including brand-new roofs, tankless water heaters, new sewer and water lines, smooth synthetic stucco with foam backing, upgraded electrical systems and panels, modern kitchen cabinetry, flooring, and bathrooms. All permitted with certificates of Occupancy. Each unit is individually metered for electricity and gas, while each building is individually metered for water.
Both buildings at the property have received extensive infrastructure upgrades, making this community a turn-key, low-maintenance investment.
More Information MLS# 6900051
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
List Price: $1,000,000
Status: Active
List Date: 2025-07-25
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): KAY TRACT PT LOT 25 BLK 1 N2 EX N 25' & ALSO N 15' OF W2 OF S2 LOT 25
Assessor's Parcel #: 31
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 3567
Legal: KAY TRACT PT LOT 25 BLK 1 N2 EX N 25' & ALSO N 15' OF W2 OF S2 LOT 25
Marketing Name: Herradura Villas
House Number: 1023
Compass: E
Street Name: AMELIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4836
County Code: Maricopa
Subdivision: KAY TRACT
Assessor Number: 118-03-031-B
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 118.40x117.38x132.85x132.50
Flood Zone: No
Total # of Units: 4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Year Built: 1955
Zoning: R-3
Legal Info
Range: 3E
Section: 28
Township: 2N
Lot Number: 25
Project Type
Duplex: 1
Four Plex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3567
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 65892
Pmt & Rate Info
Cap Rate: 5.47
Equity: 1000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Built-In Gas Oven: 1
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Gravel: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1390
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.493578
Geo Lon: -112.060054
Income Expenses
Gross Annual Sch Inc: 69360
Net Operating Income: 54725
Property Features
Project Type: Duplex; Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Gas Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup
Heating: Natural Gas; Individual
Cooling: Electric; Individual
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: >1 Space Per Unit
Road Surface Type: Gravel; Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; VA; Conventional
Environmental: None
Listing Office:
ABI Multifamily
Last Updated: December - 22 - 2025
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