About The Property

This fully occupied four-plex delivers strong, reliable performance with a current cap rate above 7 percent. It is a rare opportunity to secure a stabilized multifamily asset in a high-demand Phoenix corridor, offering immediate cash flow from day one. Each unit is tenant-occupied with consistent rental history, making this a smart addition to any investment portfolio. Buyers seeking to owner-occupy can also utilize FHA financing, allowing one unit to serve as a primary residence while the remaining three generate income to offset monthly expenses. The property offers straightforward, low-drama operations and sits near major freeways, employment centers, and everyday conveniences. This building excels where it counts: dependable returns, strong occupancy, and long-term investmentRead MoreRead Less
Courtesy of eXp Realty 480-420-4455
Listing Snapshot
Days Online
3
Last Updated
Property Type
Multiple Dwellings
Year Built
1963
MLS Number
6953868
M. Logan
Top 2% performing AZ realtor
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Additional Details

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Appliances & Equipment
"Free-Standing Range", "Refrigerator", "Free-Standing Electric Oven", "Microwave", "Washer/Dryer"
Building
Built in 1963, Construction materials: "Painted", "Block", 4 total units
Cooling
"Electric", "Individual"
Expenses
Insurance: $3,705, Water sewer: $2,400
Heating
"Individual", "Heat Pump", "Electric"
Parking
"Assigned", "1 Space/Unit", 4 total parkings
Property
Zoning: Multifamily
Roof
"Built-Up"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,825, Lot: -
Utilities
"APS"
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30 Days Snapshot Of 85029
$360k
0%
(avg) sold price
26
-18%
homes sold
97
0%
(avg) days on market
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Monthly Payment
$0

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