$959,000

Estimated payment $5,281/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Detached Carport Space
  • Partially Fenced Property
  • Community Playground
  • Landscaped

About This Home

Rare 2004 4-plex consisting of 3 bed 2 bath units. Room for rent increases. Very little competition for 3 bed family sized units in the area. In unit laundry, covered parking for tenants. These apartments command high rents for the area as well as high quality long term tenants. WATER, SEWER, TRASH, LANDSCAPING & COMMON AREA MAINT & ELECTRIC PAID BY HOA!! Active HOA which has been completing value add exterior projects in the community. All exterior maintenance handled by HOA, very low maintenance costs for owner. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

Listing Agent

Joshua Wedel

Keller Williams Realty Phoenix License #SA692317000 Listed on: 05/29/2026

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $970

Year Built

  • Built in 2004

Lot Details

  • Partially Fenced Property
  • Landscaped

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • Detached Carport Space
  • Additional Parking

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 214-40-380

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3714
  • Paradise On 25Th Condominiums Final Plat Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $26,353
  • Gross Income $78,081
  • Net Operating Income $51,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$970

Year Built

Built in 2004

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Greenway and 25th ST
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3120.0
  • Subdivision Name: PARADISE ON 25TH CONDOMINIUMS FINAL PLAT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Detached Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter

Condo/Co-op/Association

  • Community Features: Play Area

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: 3714
  • Additional Parcels: No
  • Parcel #: 214-40-380

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 78080.5
  • Insurance Expense: 1698.0
  • Maintenance Expense: 3865.0
  • Property Net Operating Income: 51727.5
  • Annual Operating Expense: 26353.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 970.0
  • Tax Book Number: 214.0
  • Tax Lot: 7

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2026 05/29/26 For Sale $959,000 0.0% --
10/01/2022 10/01/22 Rented $1,645 0.0% --
09/30/2022 09/30/22 Under Contract -- -- --
09/07/2022 09/07/22 For Rent $1,645 +56.7% --
07/09/2020 07/09/20 Rented $1,050 0.0% --
07/07/2020 07/07/20 Under Contract -- -- --
06/16/2020 06/16/20 For Rent $1,050 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7034315

Arizona Regional Multiple Listing Service (ARMLS)
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