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Sold on 05/08/2021

5624 N 6th St, Phoenix, AZ 85012

$3,775,000

Last sold 05/08/2021 after 437 Days

  • 26

    bed

  • 21

    bath

Multi-family not for sale
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About 5624 N 6th St

Property type Multi-family
Neighborhood
Year built 1949
HOA fee $0/month
Property description
5624-5646 N 6th St Renovated in 2020, The Madison boasts mid-century art deco style architecture modernized to fit the young professional tenant base the property now attracts. Given its location in the sought after Uptown Central Phoenix Corridor, its walking distance from some of Phoenix's hottest new restaurants, cafes and social spots and detailed scope of remodel, which includes almost $700,000 in total Capital Improvement costs, The Madison provides a remarkable opportunity for immediate value along with considerable future upside potential. Built in 1952 of block construction, pitched roofs, art deco windows and front and rear entryways, The Madison is a prime example of Phoenix historical architecture and charm reinvigorated to match today's market of multifamily.
Listed by
Listing Agent - Lenna Bien
Listing Office - Taylor Street Realty Services
Source: ARMLS mls logo
MLS#6042037 • last updated 1 year ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Individual
Heating Natural Gas
MLS # 6042037
Type Multiple Dwellings
Status Closed
Property Tax 3015
Year Built 1949
Interior
Flooring Vinyl, Wood
Appliances Built-In Range, Microwave
Exterior
Roof Composition
Construction Painted, Block
Parking Paved, <1 Space Per Unit, Carport
# of Open Parking Spaces 20
# of Covered Spaces 18
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision CAMEL SQUARE
Community Features No Pool
Elementary School Madison Elementary School
Elementary School District Madison Elementary District
Middle School Madison Meadows School
High School District Phoenix Union High School District
High School Central High School
APN 162-35-021
Zoning R-3
Directions South To Montebello. West To 6th St. South To Property
Multifamily Details
Total # of Units 18
Expense: Operating 43394
Financial Data Source Owner
Expense: Maintenance 4500
Vacancy Allowance 0.05
Expense: Insurance 3600
Net Operating Income 240759
Gross Income 25118
Expense: Electric 10800
Expense: Other 2700
Expense: Professional Management 15179
We are not permitted to show value estimates for this property.
  • Apr 2021
    Public Records
  • Apr 15, 2021 Sold
    $3,775,000
  • Apr 2021
    mls logo MLS # 6042037
  • Apr 15, 2021 Sold
    $3,775,000 (-11.7%)
  • Apr 2, 2021 Pending
    —
  • Mar 30, 2021 Sold
    $4,275,000
  • Feb 22, 2021 Pending
    —
  • Oct 5, 2020 Listed
    —
  • Sep 25, 2020 Pending
    —
  • Apr 6, 2020 Listed
    $4,275,000 (+78.1%)
  • Jan 2019
    mls logo MLS # 5817178
  • Jan 24, 2019 Sold
    $2,400,000
  • Sep 7, 2018 Listed
    $2,499,990 (+1566.7%)
  • Jan 2019
    Public Records
  • Jan 23, 2019 Sold
    $2,400,000 (-4.0%)
  • Feb 2001
    Public Records
  • Feb 23, 2001 Sold
    $150,000
  • Year Property taxes Tax assessment
  • 2024
    $3,288 +2.8%
    $65,690
  • 2023
    $3,200 +3.1%
    $65,690 +41.79%
  • 2022
    $3,105 -0.9%
    $46,330 +33.94%
  • 2021
    $3,132 +1.6%
    $34,590 +19.32%
  • 2020
    $3,083 +2.3%
    $28,990 +16.19%
  • 2019
    $3,015 +2.5%
    $24,950 +14.45%
  • 2018
    $2,941 +4.9%
    $21,800 +10.66%
  • 2017
    $2,803 +0.7%
    $19,700 +9.93%
  • 2016
    $2,784 -16.9%
    $17,920
  • 2015
    $3,352
    —
  • 5624 N 6th St
    $3.77M
  • Alhambra
    $375K -1% y/y
  • 85012
    $499K -4% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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7/10
Madison Richard Simis School
public Grades PK, K-4
Madison Elementary District
6/10
Madison Meadows School
public Grades 5-8
Madison Elementary District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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