$589,000
Phoenix, AZ 85032
MLS# 6913974
1 / 1
Property Description
Good income potential in this 4-plex with long term tenants. This 4-plex offers one 3 bed, two 1 bed, and one 2 bed. Nice size gated lot with plenty of parking.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $589,000
List Price: $589,000
Status: Active
List Date: 2025-09-02
Location, Tax & Legal
Assessor's Map #: 40
Legal Description (Abbrev): KAY ACRES MCR 33-28 W 173F OF E 800F OF TRACT A EX E 57.50F TH/OF
Assessor's Parcel #: 33
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103305
Taxes: 1234
Legal: KAY ACRES MCR 33-28 W 173F OF E 800F OF TRACT A EX E 57.50F TH/OF
Marketing Name: Kay Acres
House Number: 2644
Compass: E
Street Name: PARADISE
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 2945
County Code: Maricopa
Subdivision: KAY ACRES
Assessor Number: 214-40-033-D
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 10308
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
High School: Paradise Valley High School
Year Built: 1945
Zoning: R3
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 101
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Steel Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 4005
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2080
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Other Expense: 2800
Operating Exp: 10119
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 50400
Pmt & Rate Info
Cap Rate: 6.84
Down Payment: 0
Equity: 589000
Down Payment %: 589000
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Individual: 1
Exterior Amenities
RV/Boat Parking: 1
Cable TV Available: 1
TV Antenna: 1
Patio/Balcony: 1
Tenant Pays
None: 1
Appliances Included
W/D Hookup: 1
None: 1
Road Access Type
Dedicated Street: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
APS: 1
Master Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1000
Avg SqFt: 598
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1050
Avg SqFt: 644
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 932
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: GREENWAY & CAVE CREEK
Directions: NORTH ON CAVE CREEK TO EAST PARADISE TO 4-PLEX LOCATION
Geo Lat: 33.633386
Geo Lon: -112.024555
Income Expenses
Gross Annual Sch Inc: 50400
Net Operating Income: 40281
Property Features
Project Type: Four Plex
Construction: Wood Frame; Steel Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: RV/Boat Parking; Cable TV Available; TV Antenna; Patio/Balcony
Appliances Included: W/D Hookup; None
Heating: Natural Gas
Cooling: Ceiling Fan(s); Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Master Meter
Gas: SW Gas; Master Meter
Parking Features: Carport; >1 Space Per Unit
Road Access Type: Dedicated Street
Owner Pays: Water; Electric; Gas
Tenant Pays: None
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: DeLex Realty
Last Updated: December - 27 - 2025
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