$675,000
Phoenix, AZ 85032
MLS# 6981461
Property Description
4-plex in Pamomino Point/ Greenway Manor with 1-1br, 2-2br, and 1-3br units. 3 units have been completely remodeled recently and the 4 has been kept up well. Professional management has kept the units maintained, and all appliance in good shape. As well, they have kept rents high and up to date. Turnkey property with little to do.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $675,000
List Price: $675,000
Status: Active
List Date: 2026-02-07
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 31 GREENWAY MANOR MCR
Assessor's Parcel #: 59
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1415
Legal: LOT 31 GREENWAY MANOR MCR
Marketing Name: Palomino Point
House Number: 2808
Compass: E
Street Name: LE MARCHE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3749
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-059
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 1
Lot Size Dimensions: 10965
Flood Zone: No
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1982
Zoning: PAD13
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 31
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Tile: 1
Vinyl: 1
Carpet: 1
Sale Includes
Laundry Equipment: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 8333
Operating Exp: 9748
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 59148
Pmt & Rate Info
Cap Rate: 7.13
Equity: 675000
Down Payment %: 20
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Pool: 1
Play Area: 1
Heating
Forced Air: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Security Guard: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Free-Standing Electric Oven: 1
Refrigerator: 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
Carport: 1
Free: 1
1 Space/Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-316-6790
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 849
Avg SqFt: 850
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1390.5
Avg SqFt: 850
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1299
Avg SqFt: 1100
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Greenway and 29th Street
Directions: From 29th st, west on Marconi, right on 28th Pl, left on Le Marche to unit on north side of street.
Geo Lat: 33.632973
Geo Lon: -112.021729
Income Expenses
Gross Annual Sch Inc: 59148
Net Operating Income: 48100
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Tile; Vinyl; Carpet
Sale Includes: Laundry Equipment
Community Features: Pool; Play Area
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Security Guard
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer
Heating: Forced Air; Central
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail; Free
Road Surface Type: Asphalt
Owner Pays: Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Owner; Accountant
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Compass
Last Updated: February - 08 - 2026
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