$1,800,000
Phoenix, AZ 85022
MLS# 6977241
1 / 10
Property Description
Investor Special! Newer Build 6-Plex, each unit is individually titled. Every unit has a single detached garage and ample visitor parking. Ownership of your own enclave. The units are 2 bedroom, 1.5 bath, in-suite full size laundry, dedicated backyard, open floor plan and more. Fully leased out, strong and stable cash-flow, remarkable investment property.
Details
Maps
Contract Info
Ownership: Condominium
Current Price: $1,800,000
List Price: $1,800,000
Status: Active
List Date: 2026-01-30
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): SWEETWATER CONDOMINIUMS
Assessor's Parcel #: 89
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 103701
Taxes: 3825
Legal: SWEETWATER CONDOMINIUMS
Marketing Name: SWEETWATER CONDOMINIUMS
House Number: 2014
Compass: E
Street Name: SWEETWATER
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 5894
County Code: Maricopa
Subdivision: Sweetwater Condos
Assessor Number: 166-11-089
Tax Year: 2025
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 6
Lot Size Dimensions: IRR
Total # of Units: 6
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Cactus View Elementary School
Jr. High School: Greenway Middle School
High School: Pinnacle High School
Year Built: 2010
Zoning: Multi
Legal Info
Range: 3E
Section: 15
Township: 3N
Lot Number: 1 speak to lister
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 2272
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 130
Annual Legal & Acctg: 2800
Annual Maint Exp: 6317
Annual Mgmt Exp: 3600
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 5338
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 24282
Other Income: 0
Vacancy Allowance: 0.04
Adjusted Gross Inc: 126720
Total Monthly Rental Income: 4500
Pmt & Rate Info
Cap Rate: 6.27
Down Payment: 0
Equity: 1800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Accountant: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
1 Space/Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash to Loan: 1
Conventional: 1
Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 750
Avg SqFt: 927
# Baths: 15
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Cavecreek and Cactus
Geo Lat: 33.604564
Geo Lon: -112.038246
Income Expenses
Gross Annual Sch Inc: 132000
Net Operating Income: 112830
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Garage; 1 Space/Unit; Add'l Parking Avail; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Accountant
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; Conventional; Owner May Carry
Environmental: None
Listing Office: XCD Realty & Property Mgmt
Last Updated: January - 30 - 2026
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