$835,000

Estimated payment $4,697/month

Total Views 891
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • 8 Car Garage
  • Heating Available
  • Central Air

About This Home

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.

Listing Agent

Daniel Papin

Apex Residential License #SA684875000 Listed on: 04/23/2026

Co-Listing Agent

Jonathan Corwell

Apex Residential License #SA697877000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,307

Year Built

  • Built in 1974

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Blinds
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Parking

  • 8 Car Garage
  • Garage Door Opener

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 27
  • Assessor Parcel Number 150-09-894

Community Details

Overview

  • 4 Units
  • Building Dimensions are n/a
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $11,667
  • Gross Income $81,456
  • Net Operating Income $69,789

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,307

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 33rd & Northern
  • Property Type: Multiple Dwellings
  • Zoning: r3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: apex001
  • Co List Office Phone: 602-290-4663
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Microwave, Free-Standing Electric Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: <1 Space Per Unit, Garage Door Opener
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 4200.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: n/a
  • Additional Parcels: No
  • Parcel #: 150-09-894

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 81456.0
  • Insurance Expense: 3600.0
  • Property Net Operating Income: 69789.0
  • Annual Operating Expense: 11667.0

Tax Info

  • Tax Annual Amount: 2307.0
  • Tax Book Number: 150.0
  • Tax Lot: 27

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,307 $18,155 -- --
2024 $2,180 $17,291 -- --
2023 $2,180 $42,850 $8,570 $34,280
2022 $2,109 $30,960 $6,190 $24,770
2021 $2,136 $29,300 $5,860 $23,440
2020 $2,083 $27,870 $5,570 $22,300
2019 $2,045 $23,150 $4,630 $18,520
2018 $1,991 $21,050 $4,210 $16,840
2017 $1,981 $18,260 $3,650 $14,610
2016 $1,945 $16,350 $3,270 $13,080
2015 $1,801 $16,410 $3,280 $13,130
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/23/2026 04/23/26 For Sale $835,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title Agency Inc
Warranty Deed -- None Available
Interfamily Deed Transfer -- Chicago Title Agency Inc
Interfamily Deed Transfer -- Chicago Title Agency Inc
Warranty Deed -- Chicago Title Agency Inc
Warranty Deed $300,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency
Cash Sale Deed $248,200 Security Title Agency
Warranty Deed -- --
Warranty Deed $177,000 North American Title Agency
Warranty Deed $148,000 Transnation Title Ins Co
Joint Tenancy Deed $122,000 United Title Agency
Deed In Lieu Of Foreclosure -- United Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,336,500 Construction
Previous Owner $189,000 New Conventional
Previous Owner $144,172 FHA
Previous Owner $119,428 FHA
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7016511

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-894

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