Movoto Real Estate
Search
About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest
Sold on 12/29/2015
  • Map Image
  • Map Image
  • Map Image

1602 W Mcdowell Rd, Phoenix, AZ 85007

  • $525,000

    Last sold 12/29/2015 after 62 Days

  • 13

    bed

  • 9

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1602 W Mcdowell Rd

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Property description
ATTENTION INVESTORS! Value-add multifamily property with potential for seller financing! Being sold as-is and for well below market value. The property went thru a major renovation in 2008 with all electrical replaced, tankless water heaters installed for all units and all HVAC units replaced. The roof appears to be recently redone. Property is completely vacant. The units do not have kitchens, the bathrooms need work and there is no flooring.
Listed by
Listing Agent - Patrick W O'Sullivan
Listing Office - Cap Core Real Estate
Source: ARMLS mls logo
MLS#5355031 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Electric
Heating Heat Pump, 2 Or More Units, Natural Gas
MLS # 5355031
Type Multiple Dwellings
Status Closed
Property Tax 4768.8
Year Built 1950
Interior
Flooring Carpet, Concrete
Appliances None
Exterior
Roof Composition
Construction Painted, Block, Brick
Parking Paved, <1 Space Per Unit
# of Open Parking Spaces 6
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision FAIRVIEW PLACE BLKS 5-8
Community Features No Pool
Elementary School Kenilworth Elementary School
Elementary School District Phoenix Elementary District
Middle School Phoenix Prep Academy
High School District Phoenix Union High School District
High School Central High School
APN 111-07-072-A
Zoning R-5
Directions From W 15th Ave And N McDowell Rd, Head West To 16th Ave, Property Is On The North West Corner Of 16th Ave And McDowell Rd.
Multifamily Details
Total # of Units 10
Expense: Operating 30334.8
Financial Data Source Projected Proforma
Expense: Maintenance 4000
Vacancy Allowance 0.05
Expense: Insurance 3000
Net Operating Income 51745
Gross Income 82080
Expense: Other 5000
Expense: Trash 2000
Expense: Professional Management 6566
Expense: Water/Sewer 5000
Gross Scheduled Income 86400
We are not permitted to show value estimates for this property.
  • Dec 2015
    mls logo MLS # 5355031
  • Dec 28, 2015 Sold
    $525,000 (+16.7%)
  • Oct 2015
    mls logo MLS # 5328980
  • Oct 22, 2015 Sold
    $450,000
  • Year Property taxes Tax assessment
  • 2024
    $7,907 +1.0%
    $179,720 -1.24%
  • 2023
    $7,830 +3.7%
    $181,980 +66.09%
  • 2022
    $7,552 +0.8%
    $109,570 +7.82%
  • 2021
    $7,495 -1.1%
    $101,620 +19.88%
  • 2020
    $7,582
    $84,770
  • 1602 W Mcdowell Rd
    $525K
  • Encanto
    $539K
  • 85007
    $524K -12% y/y
  • Phoenix
    $469K -1% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
3/10
Maie Bartlett Heard School
public Grades PK, K-8
Phoenix Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Encanto

Explore everything this neighborhood has to offer.
View homes for sale in 85007, AZ
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Phoenix, AZ

Nearby homes for sale in Phoenix, AZ

Newest listings in 85007

  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85007
  • 1602 W Mcdowell Rd
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Arizona Multiple Listing Service, Inc.. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Arizona Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Arizona Multiple Listing Service™ system. All information provided is deemed reliable but is not guaranteed and should be independently verified. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.