141 W LATONA Road, Phoenix, AZ 85041
$4,995,000
Property Type: Multiple Dwellings Status: Active
Current Price: $4,995,000 Last Modified: 1/14/2026
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, 8 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# 6968385
Contract Info
Ownership: Fee Simple Current Price: $4,995,000 List Price: $4,995,000 Status: Active List Date: 2026-01-14
Location, Tax & Legal
Assessor's Map #: 40 Legal Description (Abbrev): LOT 1 LATONA FONTAINE MCR Assessor's Parcel #: 524 Add'l Parcels: Yes Tax Municipality: Phoenix Census Tract: 116702 Taxes: 330 Legal: LOT 1 LATONA FONTAINE MCR 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: 2025
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: 12100 Operating Exp: 23133 Other Income: 0 Vacancy Allowance: 0.02 Adjusted Gross Inc: 277053.84 Total Monthly Rental Income: 23559
Pmt & Rate Info
Cap Rate: 5.09 Equity: 4995000 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 Owner May Carry: 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: 1967 Avg SqFt: 1388 # Baths: 2
4 Bedrooms Units
# 4 Bedroom Units: 8 Avg Rent: 2458 Avg SqFt: 1708 # Baths: 3
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: 33.372055 Geo Lon: -112.076702
Income Expenses
Gross Annual Sch Inc: 282708 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: 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; Owner May Carry Environmental: Other (See Remarks)
Listing Office: City to City Commercial
Last Updated: January - 14 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.