$650,000
Phoenix, AZ 85032
MLS# 6978806
1 / 41
Property Description
Investor's Delight for CASH FLOW! All units rented, 2br/2ba each for 3 Units with inside laundry. Unit 103 is a 1.5ba. Ideal location to schools close by, Loop 101 and 51, Desert Ridge, Scottsdale & Downtown Phoenix, DRIVE BY ONLY, DO NOT DISTURB TENANTS. There are 4 Leased Units that are each 2 Bedrooms. Average Rent is $1,467 per Unit., totaling $5,866 Gross Rent/monthly..
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $650,000
List Price: $650,000
Status: Active
List Date: 2026-02-03
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 18 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 46
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1406
Legal: LOT 18 GREENWAY MANOR MCR 023347
Marketing Name: Greenway Manor
House Number: 2838
Compass: E
Street Name: LE MARCHE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8305
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-046
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 5808
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1982
Zoning: MULTI
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 18
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Operating Exp: 1406
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 70392
Pmt & Rate Info
Cap Rate: 9.55
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
Pool: 1
Play Area: 1
Barbecue: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Exterior Amenities
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Water: 1
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Accountant: 1
Tax Return: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
<1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
See Remarks: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Incorporated Area: 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 Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1467
Avg SqFt: 900
# Baths: 75
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 32nd St & Greenway
Directions: West to 29th St, N to Marconi/Entrance to Palomino Point. Straight to stop sign, N on 28th Place, E on Le Marche Ave to Bldg 18
Geo Lat: 33.63302
Geo Lon: -112.020445
Income Expenses
Gross Annual Sch Inc: 70392
Net Operating Income: 62059
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: Pool; Play Area; Barbecue
Exterior Amenities: Cable TV Available; Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Disposal; Washer/Dryer; W/D Hookup
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: Carport; <1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Trash Collection; Landscaping; Pool Maintenance; See Remarks
Tenant Pays: Water; Electricity
Source of Fincl Data: Owner; Accountant; Tax Return
Special: Incorporated Area
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Re/Max Fine Properties
Last Updated: February - 23 - 2026
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