141 W LATONA Road, Phoenix, AZ 85041

$5,000,000
Property Type: Multiple Dwellings Status: Active
Current Price: $5,000,000 Last Modified: 11/17/2025

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, 10 homes are leased, self-managed by the owner. Owner maintains the common areas and provides quarterly exterior pest control. Buyer to verify all information.

More Information MLS# 6948292

Contract Info

Ownership: Fee Simple Current Price: $5,000,000 List Price: $5,000,000 Status: Active List Date: 2025-11-17

Location, Tax & Legal

Assessor's Map #: 40 Legal Description (Abbrev): LOT 1 LATONA FONTAINE MCR 154205 Assessor's Parcel #: 524 Add'l Parcels: Yes Tax Municipality: Phoenix Census Tract: 116702 Taxes: 321 Legal: LOT 1 LATONA FONTAINE MCR 154205 Marketing Name: Latona Fontaine 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: 2024

General Property Description

# of Buildings: 11 Uncvrd Parking Spcs: 0 Lot Size Dimensions: Irregular Total # of Units: 11 Elementary School District: Roosevelt Elementary District High School District: Phoenix Union High School District Year Built: 2025 Zoning: Residential

Legal Info

Range: 3E Section: 5 Township: 1S Lot Number: 1

Project Type

5 - 12 Units: 1 Other (See Remarks): 1

Other Type

Packaged Offering: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Construction Status

New Construction: 1

Roofing

Composition: 1 Foam: 1 See Remarks: 1

Floors

Laminate: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 60 Annual Ins Exp: 10643 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 22592 Operating Exp: 33616 Other Income: 0 Vacancy Allowance: 0.02 Adjusted Gross Inc: 312416.16 Total Monthly Rental Income: 26566

Pmt & Rate Info

Cap Rate: 5.98 Equity: 5000000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Electric: 1

Exterior Amenities

Landscape Water System: 1

Tenant Pays

Electricity: 1

Appliances Included

Built-In Range: 1 Other: 1 See Remarks: 1

Road Access Type

Dedicated Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Garage: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 See Remarks: 1

New Financing

Cash: 1 Conventional: 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: 3 Avg Rent: 2095 Avg SqFt: 1388 # Baths: 2

4 Bedrooms Units

# 4 Bedroom Units: 8 Avg Rent: 2561 Avg SqFt: 1708 # Baths: 2

Remarks Misc

Cross Street: Baseline and 7th Ave Directions: South 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

Income Expenses

Gross Annual Sch Inc: 318792 Net Operating Income: 299209

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 Environmental: Other (See Remarks)
Listing Office: City to City Commercial
IDX
Last Updated: November - 17 - 2025
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