$550,000
Phoenix, AZ 85008
MLS# 6965384
1 / 9
Property Description
Opportunity to own a 4-plex that has had over 10 years of nearly 100% occupancy. 2 units 2 bed 1 bath. 2 units 1 bed 1 bath. Gross income is 4800 monthly. There were some updates to the bathrooms and insides since the last sale. 3 of the leases have approximately 6 months or more, one is month to month. This has not been approved for section 8 but I sure it could be. I am getting information slowly but send your offers and I will try to get info and views in as best I can. Bear with me. Sellers have owned this since 2014 and really do not want to sell but they have moved out of state.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $550,000
List Price: $550,000
Status: Active
List Date: 2026-01-08
Location, Tax & Legal
Assessor's Map #: 78
Legal Description (Abbrev): DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
Assessor's Parcel #: 35
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113501
Taxes: 1050
Legal: DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
Marketing Name: Del YEAH
House Number: 2444
Compass: E
Street Name: WILLETTA
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4653
County Code: Maricopa
Subdivision: DEL REY LOTS 101-140
Assessor Number: 121-78-035-A
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 125x53ish
Total # of Units: 4
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: The Creighton Academy
Jr. High School: Excelencia School
High School: Camelback High School
Year Built: 1981
Zoning: M-M Medium Dsty
Legal Info
Range: 3E
Section: 2
Township: 1N
Lot Number: 32
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1050
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 56448
Pmt & Rate Info
Cap Rate: 9.09
Equity: 550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Heat Pump: 1
Electric: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Satellite Dish: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
1 Space/Unit: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Landscaping: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
Special
Accept Backups (CLO): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 900
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1500
Avg SqFt: 450
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 24th and McDowell Rd
Directions: McDowell to Willetta go East on North West Corner of Willetta and 25th St
Geo Lat: 33.46425
Geo Lon: -112.02828
Income Expenses
Gross Annual Sch Inc: 57600
Net Operating Income: 50000
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Laminate; Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Satellite Dish; Cable TV Available; Sidewalk(s); Patio/Balcony
Appliances Included: Built-In Electric Oven; W/D Hookup
Heating: Forced Air; Central; Heat Pump
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: On Street; 1 Space/Unit; Add'l Parking Avail; Assigned; Free
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Landscaping; See Remarks
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; Conventional
Environmental: None
Listing Office: Realty ONE Group
Last Updated: January - 08 - 2026
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