$560,000
Phoenix, AZ 85009
MLS# 6953330
Status: UCB (Under Contract-Backups)
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Property Description
*Seller Must Close Prior to the End of the Year* 398 North 20th Drive is a 4-unit, garden-style property, originally constructed in 1984. This clean and well-kept fourplex features 100% two-bedroom/one-bathroom units, each individually metered for electricity. While fully occupied and positioned for immediate cash flow, the asset also presents a lighter value-add opportunity through continued interior and exterior upgrades, supported by ample on-site parking and a desirable west Phoenix location. Situated in close proximity to downtown, the Arizona Capitol Museum, and major freeway access, the property offers both convenience and attractive upside for future ownership.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $560,000
List Price: $560,000
Status: UCB (Under Contract-Backups)
List Date: 2025-12-02
Location, Tax & Legal
Assessor's Map #: 30
Legal Description (Abbrev): LOT 22 CHRISTY CROFT MCR
Assessor's Parcel #: 55
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116800
Taxes: 954
Legal: LOT 22 CHRISTY CROFT MCR
Marketing Name: 398 N 20th Dr
House Number: 398
Compass: N
Street Name: 20TH
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 3844
County Code: Maricopa
Subdivision: CHRISTY CROFT
Assessor Number: 109-30-055-A
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 7647 sqft
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1984
Zoning: R-3
Legal Info
Range: 2E
Section: 1
Township: 1N
Lot Number: 22
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2156
Annual Land Lse Exp: 0
Annual Landscape Exp: 1440
Annual Legal & Acctg: 168
Annual Maint Exp: 3117
Annual Mgmt Exp: 4517
Annual Trash Exp: 1946
Annual Wtr/Swr Exp: 1285
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 15583
Other Income: 4500
Vacancy Allowance: 0.05
Adjusted Gross Inc: 58767
Total Monthly Rental Income: 4780
Pmt & Rate Info
Cap Rate: 7.71
Equity: 560000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 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
Paved: 1
Electric
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
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1195
Avg SqFt: 625
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: W Fillmore St & N 20th Drive
Geo Lat: 33.454729
Geo Lon: -112.103625
Income Expenses
Gross Annual Sch Inc: 57360
Net Operating Income: 43184
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Desert Landscaping
Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Disposal
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: ABI Multifamily
Last Updated: December - 28 - 2025
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