About The Property

Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture u upside while maintaining occupancyRead MoreRead Less
Courtesy of Get Multifamily 480-795-7938
Listing Snapshot
Days Online
2
Last Updated
Property Type
Multiple Dwellings
Year Built
1981
MLS Number
7000022
M. Logan
Top 2% performing AZ broker
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Additional Details

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Building
Built in 1981, Construction materials: "Wood Frame", "Painted", "Stucco", 4 total units
Cooling
"Central Air"
Expenses
Insurance: $2,600, Maintenance: $1,500, Water sewer: $2,000
Floors
"Tile"
Heating
"Central"
Parking
8 total parkings
Property
Zoning: R-3
Roof
"Composition"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,050, Lot: 32
Utilities
"Other (See Remarks)"
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30 Days Snapshot Of 85008
$481k
+22%
(avg) sold price
12
-42%
homes sold
90
-25%
(avg) days on market
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Monthly Payment
$0

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