$829,000

Estimated payment $4,671/month

Total Views 905
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available

About This Home

Turnkey Cash-Flowing Fourplex in Prime Phoenix Location! Fully leased and grossing over $6,500/month (not including RUBs). Excellent unit mix: (1) 3 bed / 2 bath + (3) 2 bed / 1 bath units. All units are garden-style with private garage parking—rare for the area. Well-maintained interiors and desirable layouts ensure low vacancy and strong tenant demand. Upside potential with RUBs and future rent increases. Ideal for investors seeking strong in-place cash flow with room to grow. This is arguably the best fourplex available in Phoenix today—don't miss it!

Listing Agent

Daniel Papin

eXp Realty License #SA684875000 Listed on: 08/26/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,267

Year Built

  • Built in 1974

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 150-09-895

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10130
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $11,627
  • Gross Income $81,327
  • Net Operating Income $69,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,267

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Northern and 33rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: n/a
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Garage: Yes

Utilities

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

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: 10130
  • Additional Parcels: No
  • Parcel #: 150-09-895

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 81327.24
  • Insurance Expense: 3600.0
  • Property Net Operating Income: 69700.24
  • Annual Operating Expense: 11627.0

Tax Info

  • Tax Annual Amount: 2267.0
  • Tax Book Number: 150.00
  • Tax Lot: 28

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $2,267 $18,531 -- --
2024 $2,225 $17,649 -- --
2023 $2,225 $43,620 $8,720 $34,900
2022 $2,153 $31,500 $6,300 $25,200
2021 $2,180 $29,970 $5,990 $23,980
2020 $2,126 $28,510 $5,700 $22,810
2019 $2,087 $23,500 $4,700 $18,800
2018 $2,033 $21,320 $4,260 $17,060
2017 $2,022 $18,470 $3,690 $14,780
2016 $1,986 $16,630 $3,320 $13,310
2015 $1,839 $16,630 $3,320 $13,310
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 For Sale $829,000 +177.3% --
12/07/2017 12/07/17 Sold $299,000 -2.3% --
11/07/2017 11/07/17 For Sale $306,000 +8.5% --
09/08/2017 09/08/17 Sold $282,000 -1.1% --
08/17/2017 08/17/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $285,000 +40.4% --
07/25/2014 07/25/14 Sold $203,000 -3.3% --
06/12/2014 06/12/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $210,000 +18.6% --
02/19/2013 02/19/13 Sold $177,000 -6.8% --
01/14/2013 01/14/13 Pending -- -- --
08/03/2012 08/03/12 For Sale $190,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title Agency Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- Pioneer Title Agency Inc
Warranty Deed $299,000 Chicago Title Agency Inc
Warranty Deed $280,000 Security Title Agency Inc
Warranty Deed $282,000 Security Title Agency Inc
Warranty Deed $203,000 Grand Canyon Title Agency In
Warranty Deed $177,000 Clear Title Agency Of Arizon
Warranty Deed $155,000 Chicago Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $209,300 New Conventional
Previous Owner $250,000 Commercial
Previous Owner $213,393 VA
Previous Owner $207,364 VA
Previous Owner $132,000 New Conventional
Previous Owner $115,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6911002

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-895