Sold
Last Sold Price
38 E Elliot Rd, Gilbert, AZ 85234
Multi FamilyProperty Type
0.57 acresLot Size
1960Year Built
4 carsParking Spaces

Description

Heritage District Downtown Gilbert- GOLD MINE Investor Opportunity. 7.5 CAP RATE RENTURN PROFORMA. Month to month tenants. By App Only showings during diligence period. Drive by only. No seller financingHeritage District Downtown Gilbert- GOLD MINE Investor Opportunity. 7.5 CAP RATE RENTURN PROFORMA. Month to month tenants. By App Only showings during diligence period. Drive by only. No seller financing
  • Listed by: Shamile Botzman 480.252.4576 shamile@agentycre.com Brokerage DRE #LC632791000 • Cluff Real Estate LLC
Listing closed: 10/17/2023 12:00 AM • Source: ARMLS, MLS#: 6535868

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Recent comparable sales

Median sold price

$525,000

Avg days on market

177

Sale-to-list ratio

89.9%

Gilbert, AZ

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Location

Listing Courtesy of Cluff Real Estate LLC

Sold By Capital REI

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$4,727 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,176

Property Taxes

$50

HOA Dues

$1,500

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Property Information for 38 East Elliot Road

Property Details
  • Taxes: $602 / year
  • Condo/Co-op Fees: $1,500 / month
  • MLS Type: Multiple Dwellings
  • Subdivision Name: HAZELWOOD TERRACE
  • View YN: No
  • Zoning: duplex
Building Information
  • Residences: 2
  • Year Built: 1960
  • Lot Size: 0.57 AC / 25,000 SF
Summary
Location and General Information
  • Unparsed Address: 38 E ELLIOT Road, Gilbert, AZ 85234
  • City: Gilbert
  • Coordinates: -111.788003, 33.350296
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Gilbert and Elliot
  • Directions: Gilbert to Elliot, turn west to property
  • Latitude: 33.350296
  • Longitude: -111.788003
  • Map Coordinate: S40
  • Postal City: Gilbert
  • Postal Code: 85234
  • Postal Code Plus4: 6703
  • State Or Province: AZ
  • Street Suffix: Road
  • Year Built: 1,960
Taxes and HOA
  • Tax Annual Amount: $602.00
  • Tax Book Number: 304.00
  • Tax Legal Description: LOT 3 HAZELWOOD TERRACE MCR 007130
  • Tax Lot: 3
  • Tax Year: 2,022
Parking
  • Covered Spaces: 2
  • Garage YN: No
  • Open Parking Spaces: 2
  • Open Parking YN: Yes
  • Parking Features: Other, Carport
  • Parking Total: 4
School Information
  • Elementary School District: Gilbert Unified District
  • High School District: Gilbert Unified District
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Dimensions: 25000
Property and Assessments
  • Disclosures: None
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 30411184
  • Property Type: Multiple Dwellings
  • Public Survey Range: 6E
  • Public Survey Section: 7
  • Public Survey Township: 1S
  • Road Surface Type: Asphalt
Utilities
  • Electric: Other (See Remarks)
  • Electric Expense: $.00
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Painted, Block
  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Roof: Composition
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Other
  • Heating: Individual
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Fuel Expense: $.00
  • Gardner Expense: $.00
  • Gross Income: $48,000.00
  • Gross Scheduled Income: $48,000.00
  • Insurance Expense: $800.00
  • Maintenance Expense: $1,500.00
  • Net Operating Income: $46,000.00
  • Operating Expense: $2,902.00
  • Professional Management Expense: $.00

Property History for 38 East Elliot Road

DateEvent & SourcePriceAppreciation
Oct 17, 2023

Sold

ARMLS #6535868

$595,000—
Oct 10, 2023

Sold (Public Record)

Public Record #1520111481

$595,000

+23.1% / yr

Sep 28, 2023

Pending

ARMLS #6535868

—
DateEvent & SourcePrice
10/17/2023

Sold

ARMLS #6535868

$595,000
10/10/2023

Sold (Public Record)

Public Record #1520111481

$595,000

+23.1% / yr

09/28/2023

Pending

ARMLS #6535868

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 38 East Elliot Road

Taxable ValueLand-Additions-Total-
Tax Record2025$640 ($53 / month)
Home Facts
Total Finished SqFt1,540 SqFtAbove Grade Finished SqFt1,540 SqFtStories1Lot Size10,000 SqFtStyleDuplexYear Built1960ZoningSF-ACountyMARICOPAAPN304-11-184

Schools near 38 East Elliot Road

This home is within Gilbert Unified District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - 6 to 8
Public - 7 to 12
Rating
School
Distance
Burk Elementary School
PublicPK to 6

Neely Traditional Academy
PublicPK to 6

Mesquite Jr High School
Public6 to 8

Gilbert High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 38 East Elliot Road, Gilbert, AZ 85234
$595,000
–
–
–
25,000
–
–
–
1,540
10,000
–
–
–
1,540
10,000
$221,900
2
1
1,057
7,209
$557,809
3
1
1,530
8,390
$350,000
–
1
962
7,604

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cluff Real Estate LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively 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. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.