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
Overview
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.
Listing Details MLS# 6968385
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- Irregular
- Year Built
- 2025
- Total # of Units
- 11
- # of Buildings
- 11
- Zoning
- Residential
- Elementary School District
- Roosevelt Elementary District
- High School District
- Phoenix Union High School District
- Uncvrd Parking Spcs
- 0
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.
Legal Info
- Township
- 1S
- Range
- 3E
- Section
- 5
- Lot Number
- Yes
Income Expenses
- Gross Annual Sch Inc
- 282708
- Net Operating Income
- 254251
More Information
Showing Notification Methods
- Showing Service
- Non-MLS Showing Service - See Private Remarks
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
Project Type
- 5 - 12 Units
- Yes
- Other (See Remarks)
- Yes
Other Type
- Packaged Offering
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Construction Status
- New Construction
- Yes
Roofing
- Composition
- Yes
- Foam
- Yes
- See Remarks
- Yes
Floors
- Laminate
- Yes
Sale Includes
- Land & Building
- Yes
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
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Built-In Range
- Yes
- Other
- Yes
- See Remarks
- Yes
Road Access Type
- Dedicated Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Road Responsibility
- City Maintained Road
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- See Remarks
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- Owner May Carry
- Yes
Reports/Disclosures
- Other (See Remarks)
- Yes
Environmental
- Other (See Remarks)
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
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
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