$858,500
$879,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/05/2025
Key Details
Sold Price $858,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Northern Lanai Unit 1
MLS Listing ID 6802584
Sold Date 03/05/25
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1974
Annual Tax Amount $2,223
Tax Year 2024
Lot Dimensions 8,760 sq ft
Property Description
Looking for a solid cash-flowing asset in Phoenix? This 4-plex is a must-see! Currently generating $4,000 per month in gross rental income from three fully-occupied units, this property offers a fantastic opportunity for investors looking to maximize returns.
But that's not all - there's huge potential for value-add! The fourth unit is available for house hacking, either by living in it yourself or renting it out for even more income. With the possibility of grossing $5,700 per month once the fourth unit is rented, this property is primed for cash flow expansion.
Location
State AZ
County Maricopa
Community Northern Lanai Unit 1
Interior
Heating Electric
Cooling Central A/C
Flooring Ceramic Tile, Vinyl
Appliance Microwave
Exterior
Community Features Other
Roof Type Composition
Total Parking Spaces 6
Garage Yes
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 150-09-881
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Cash
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