$290,000
Phoenix, AZ 85032
MLS# 5850997
Status: Closed
1 / 20
Property Description
(2) Recent CLOSED Sales in the Complex at $295,000!! This Building is FULLY OCCUPIED WITH Great Tenants! Three Tenants are On Leases and One is Month to Month ($700 Rent). RENTS are: $750; $750; $700 & $800. Unit #203 Was Upgraded with NEW Kitchen Cabinets; Counter Tops, Vanities and Wood Laminate Flooring; Other (3) Units Have Wood Laminate & Tile Flooring (See Multiple Pictures of ALL Units)!! HOA Fee Pays for Water, Sewer & Trash, Landscaping & Common Area Maintenance Which Includes the Community Pool. There Are (3) Ground Floor Units and (1) Upstairs Unit. (3) 2 Bed & 2 Bath Units and (1) 2 Bed / 1.50 Townhome Style Unit!! Turn Key Property with GREAT Tenants and All Units in Great Condition! CASH FLOWING AS Soon AS You Purchase It!! DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $290,000
Sold Price: $290,000
Status: Closed
List Date: 2018-11-27
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 63 GREENWAY MANOR LOT 1-72 TR A-E MCR 023347
Assessor's Parcel #: 91
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1269
Legal: LOT 63 GREENWAY MANOR LOT 1-72 TR A-E MCR 023347
Marketing Name: GREAT INVESTMENT!!
Map Code/Grid: L35
House Number: 2833
Compass: E
Street Name: KATHLEEN
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 7991
County Code: Maricopa
Subdivision: GREENWAY MANOR LOT 1-72 TR A-E
Assessor Number: 214-39-091
Tax Year: 2018
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 6880
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Palomino Primary School
Jr. High School: Greenway Middle School
High School: Paradise Valley High School
Year Built: 1982
Zoning: Multi
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 63
Project Type
Tri-Plex: 1
Four Plex: 1
5 - 12 Units: 1
13 - 24 Units: 1
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Other: 1
Floors
Wood: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 750
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 500
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 7740
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 10259
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 36000
Total Monthly Rental Income: 3000
Pmt & Rate Info
Cap Rate: 9.16
Down Payment: 0
Equity: 295000
Down Payment %: 25
Monthly Payments: 360
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Spa(s): 1
Play Area: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 750
Avg SqFt: 904
# 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
Cross Street: 32nd Street & Greenway
Directions: West On Greenway to 29th St; North to Palomino Pointe Entrance; Over Speed Bumps to Stop Sign; South (left) to First Street; East (left) On Kathleen; Building is the Middle of Street On South Side
Geo Lat: 33.630476
Geo Lon: -112.020642
Status Change Info
Off Market Date: 2018-12-21
Under Contract Date: 2018-11-28
Close of Escrow Date: 2018-12-21
Sold Price: $290,000
Income Expenses
Gross Annual Sch Inc: 36000
Net Operating Income: 27010
Property Features
Project Type: Tri-Plex; Four Plex; 5 - 12 Units; 13 - 24 Units; 25 - 50 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Other
Floors: Wood; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Laundry Equipment
Community Features: Pool; Spa(s); Play Area; Barbecue
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear; Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: Duckett Management & Real Estate
Last Updated: December - 30 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.