Active
2036 W CACTUS Road
Phoenix AZ, 85029
$699,000
Active
Other
Built in 1963
A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. 3 of the units have been extensively remodeled with new flooring, new kitchen cabinets, counters and appliances, new vanities, tubs and toilets, popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owned 4 plex buildings. Units C and D have private fenced yards. Roof was new in 2018. Unit A - new A/C in 2023. Unit D - new A/C in 2021. Unit C - new A/C in 2020. 100% occupied at below market rates. Market rents indicate a $1250-$1350 per month rate is possible, making the CAP rate a terrific 7%+. Community laundry. NO HOA!
6695476
MLSⓇ ID
April 23, 2024
Listed
April 24, 2024
Updated
Map
2036 W CACTUS Road
Phoenix AZ, 85029
Interior Features
Floor Description
Ceramic Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
Heating
Yes
Heating Description
Individual, Heat Pump, Electric
Exterior/Building Features
Roof
Foam
Sewer
Public Sewer
School Information
School District
Washington Elementary District
Other Property Details
Taxes
$1,725
Tax Frequency
Annually
Garage
No
Parking
Addl Parking Avail, 1 Space/Unit
Parking Total
4
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
R-3
Buyer Agency Compensation
2.5%
Courtesy of McMath Realty LLC, Tyler Nick
Listing Contact: 480-299-4132
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Data Last Updated: 12:08 AM UTC, 4/24/2024.