$925,000
Phoenix, AZ 85051
MLS# 6916814
1 / 4
Property Description
Charming 4-Plex near the I17. Access to central Phoenix but not too close for congestion. All units rented. 1 Tenant has been at the property for over ten years, and another for over 5 years. All units are in good repair and clean. Four car garage for parking and storage, tenants have garage door openers. Coin op laundry is located on the bottom floor in a private room. Parking spots available on street near unit, and uncovered spaces by unit. Rebuilt balcony main balcony in front, 17k total rebuild. New water heaters for several units, and updated rents in all units. Good income producing property. Priced to sell. Live in one unit, keep the others rented, and have tenants pay the mortgage and utilities.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $925,000
List Price: $925,000
Status: Active
List Date: 2025-09-08
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 2 NORTHERN LANAI UNIT 1 MCR 016924
Assessor's Parcel #: 869
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 105602
Taxes: 2073
Legal: LOT 2 NORTHERN LANAI UNIT 1 MCR 016924
Marketing Name: NORTHERN LANAI UNIT 1
House Number: 3320
Compass: W
Street Name: NORTHERN
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6552
County Code: Maricopa
Subdivision: NORTHERN LANAI UNIT 1
Assessor Number: 150-09-869
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 0.18 acres / 7,832 sqft
Flood Zone: No
Total # of Units: 4
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Washington Elementary School
Jr. High School: Washington Elementary School District Online Learning Academ
High School: Glendale High School
Year Built: 1974
Zoning: R-5
Legal Info
Range: 2E
Section: 35
Township: 3N
Lot Number: 2
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 420
Annual Ins Exp: 1500
Annual Wtr/Swr Exp: 7400
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11393
Other Income: 2400
Vacancy Allowance: 0
Adjusted Gross Inc: 69400
Pmt & Rate Info
Cap Rate: 7.4
Equity: 811000
Down Payment %: 50
Monthly Payments: 2800
Total Owed: 0
Payment Includes
Principal: 1
Interest: 1
Taxes: 1
Insurance: 1
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
Alley: 1
Dedicated Street: 1
Private Road: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Free: 1
Garage Door Opener: 1
See Remarks: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Trade: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 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: 3
Avg Rent: 1400
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 1500
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 33rd and Northern Ave
Directions: Off street parking on northern side of Northern Ave. Walk through Iron gate and 4-plex is second one from the West. Alternatively, drive into subdivision.
Geo Lat: 33.553421
Geo Lon: -112.131029
Income Expenses
Gross Annual Sch Inc: 67000
Net Operating Income: 60000
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Concrete; Vinyl; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Land & Building; Personal Property; Laundry Equipment
Payment Includes: Principal; Interest; Taxes; Insurance
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Security Light(s)
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Garage; Garage Door Opener; Free; See Remarks
Road Access Type: Alley; Dedicated Street; Private Road
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange; Trade
Environmental: None
Listing Office: West USA Realty
Last Updated: December - 29 - 2025
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