$633,000
Phoenix, AZ 85023
MLS# 6945651
Status: Closed
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Property Description
Excellent investment opportunity in North Phoenix featuring one 2BD/1BA and three 1BD/1BA units on a 14,810 SF lot. Zoned R-3 Multifamily Medium Density with potential to add two more units—architectural plans included upon request. Built in 1970, the 2,448 SF building offers strong value-add potential through upgrades or repositioning. Includes 4-5 covered parking spaces plus additional on-site parking. Conveniently located near Deer Valley Airpark, shopping, dining, and major transit. Ideal for investors seeking rental income, owner-occupancy, or future expansion.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $633,000
Sold Price: $633,000
Status: Closed
List Date: 2025-11-11
Location, Tax & Legal
Assessor's Map #: 7
Legal Description (Abbrev): TH W 96' S 154.8' N 316.8' S 792' FOL DESC PROP TH PT SE4 SD SEC 36 DAF BEG NE COR SD SE4 TH W
Assessor's Parcel #: 80
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 618600
Taxes: 1492
Legal: TH W 96' S 154.8' N 316.8' S 792' FOL DESC PROP TH PT SE4 SD SEC 36 DAF BEG NE COR SD SE4 TH W
Marketing Name: Village Drive Fourplex
House Number: 1925
Compass: W
Street Name: VILLAGE
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85023
Zip4: 2398
County Code: Maricopa
Assessor Number: 208-07-080-A
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 14,810
Flood Zone: No
Total # of Units: 4
Elementary School District: Deer Valley Unified District
High School District: Deer Valley Unified District
Year Built: 1970
Zoning: R-3
Legal Info
Range: 2E
Section: 36
Township: 4N
Lot Number: NA
Project Type
Four Plex: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Foam: 1
Rolled: 1
Floors
Laminate: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Ins Exp: 3500
Annual Landscape Exp: 1500
Annual Legal & Acctg: 500
Annual Maint Exp: 4000
Annual Mgmt Exp: 0
Annual Wtr/Swr Exp: 3840
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 14832
Other Income: 200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 54910
Pmt & Rate Info
Cap Rate: 6.36
Equity: 630000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Sidewalk(s): 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Gravel: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Detached Carport: 1
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
Development Plan Avl: 1
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 950
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 10000
Seller Concession $/%: $
Remarks Misc
Cross Street: Village Drive & 19th Avenue
Geo Lat: 33.644884
Geo Lon: -112.100678
Status Change Info
Off Market Date: 2025-12-19
Under Contract Date: 2025-11-20
Close of Escrow Date: 2025-12-18
Sold Price: $633,000
Income Expenses
Gross Annual Sch Inc: 57600
Net Operating Income: 40078
Property Features
Project Type: Four Plex
Other Type: House + Rental Units
Construction: Block
Const - Finish: Painted
Roofing: Foam; Rolled
Floors: Laminate; Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Sidewalk(s)
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual
Cooling: Electric; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; SRP; Individual Meter
Gas: None
Parking Features: Carport; On Street; >1 Space Per Unit; Detached Carport; Add'l Parking Avail
Road Access Type: City Street
Road Surface Type: Gravel; Asphalt; Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Combo
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Unbranded Flyer 
Listing Office: Compass
Last Updated: December - 19 - 2025
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