Viewing Listing MLS# 7016511
$835,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85051
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1974Year Built
- 0.00Acres
- 52 yearsEst Age
- MLS# 7016511
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market1 month, 28 days
- AreaN/A
- CountyMaricopa
- Subdivision Northern Lanai Unit 1
Overview
high-performing fourplex--arguably the best cash-flowing asset currently available in the Phoenix metro. Fully leased and producing over $6,500/month in gross income with immediate upside through RUBs and rental increases. Strong unit mix: (1) 3BD/2BA + (3) 2BD/1BA, appealing to long-term tenants and driving consistent demand. Each unit offers a garden-style layout with private garage parking--an uncommon feature that sets this property apart. Well-maintained with minimal near-term capex, delivering stable, predictable income from day one. Perfect for investors seeking a clean, income-producing asset with both strong yield and long-term upside. Opportunities like this are rare--act quickly.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Stucco
Roof: Composition
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 81456
Insurance Expense: 3600
Garage / Parking
Parking Features: Garage Door Opener, <1 Space Per Unit
Garage: Yes
Interior Features
Flooring: Tile, Ceramic Tile, Vinyl
Appliances: Refrigerator, Free-Standing Electric Oven, Microwave
Lot Info
Lot Size: n/a
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: r3
Tax Info
Tax Legal Description: LOT 27 NORTHERN LANAI UNIT 1 MCR 016924
Tax Amount Annual: 2307
Unit Info
Total Units: 4
Utilities / Hvac
Water Source: Master Meter, City Franchise
Electric: SRP, Individual Meter
Cooling: Yes
Cool System: Central Air
Heating: Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Listings courtesy of Apex Residential
MLS# 7020424 
