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 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Karas Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 12:08 AM UTC, 4/24/2024.

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