$580,000
Phoenix, AZ 85040
MLS# 6958121
Status: Closed
1 / 1
Property Description
Investment Opportunity: Fully Rented 4-Unit Complex! Newer roof, windows, and AC! Own this 4-unit property with 3 units currently rented month-to-month., one renewing in June. Immediate cash flow. Rents below market, providing an excellent opportunity for savvy investors or an owner-occupant. Separate electric meters. One parking space per unit. Guest parking onsite. Financing Options: This property may qualify for a non-commercial loan, making it accessible for small investors. Conveniently located near airport, schools, restaurants, shopping, public parks and freeways. Interior and inspection access is limited. Inspection access on signed purchase contract. Start building wealth today!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $580,000
Sold Price: $580,000
Status: Closed
List Date: 2025-12-06
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): LOT 56 NORTH BROADWAY ESTATES 1 LOTS 23-62 101-140 MCR 004117
Assessor's Parcel #: 34
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115200
Taxes: 1204
Legal: LOT 56 NORTH BROADWAY ESTATES 1 LOTS 23-62 101-140 MCR 004117
Marketing Name: North Broadway Estates
House Number: 2553
Compass: E
Street Name: PUEBLO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1559
County Code: Maricopa
Subdivision: NORTH BROADWAY ESTATES 1 LOTS 23-62 101-140
Assessor Number: 122-20-034
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 7670
Total # of Units: 4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
High School: South Mountain High School
Year Built: 1985
Zoning: R-3
Legal Info
Range: 3E
Section: 23
Township: 1N
Lot Number: 56
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 2400
Operating Exp: 3604
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 49500
Total Monthly Rental Income: 4125
Pmt & Rate Info
Cap Rate: 6.52
Down Payment %: 3
Monthly Payments: 3034
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Microwave: 1
Refrigerator: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Electric
SRP: 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
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1050
# Baths: 4
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: 0
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.407598
Geo Lon: -112.024221
Status Change Info
Off Market Date: 2025-12-31
Under Contract Date: 2025-12-24
Close of Escrow Date: 2026-01-30
Sold Price: $580,000
Income Expenses
Gross Annual Sch Inc: 49500
Net Operating Income: 40068
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Electric Oven; Refrigerator; Microwave
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: <1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Coldwell Banker Realty
Last Updated: January - 31 - 2026
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