$998,000
Phoenix, AZ 85016
MLS# 6908488
Status: Closed
1 / 32
Property Description
4332 N 27th St is a 5-unit multifamily community located in the Biltmore Submarket. Originally constructed in 1943 & later built in 1964, the asset sits in a high rental demand area within walking distance to Biltmore Fashion Park, and within close proximity to Downtown Phoenix. 4332 N 27th St features a unit mix of (4) two-bedroom, one-bathroom units and (1) three-bedroom, one-bathroom unit that have been well-maintained and updated throughout ownership.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $998,000
Sold Price: $998,000
Status: Closed
List Date: 2025-08-20
Location, Tax & Legal
Assessor's Map #: 8
Legal Description (Abbrev): LOT 12 CITRUS HTS PT LOT 12 N2EX W 400F & EX BEG NE COR SD LOT TH SLY 53F TH W 105F N 30F W 10F N
Assessor's Parcel #: 19
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 108400
Taxes: 2902
Legal: LOT 12 CITRUS HTS PT LOT 12 N2EX W 400F & EX BEG NE COR SD LOT TH SLY 53F TH W 105F N 30F W 10F N
Marketing Name: 4332 N 27th St
House Number: 4332
Compass: N
Street Name: 27TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5744
County Code: Maricopa
Subdivision: CITRUS HEIGHTS LOTS 1-9
Assessor Number: 163-08-019-A
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 82x197.4
Total # of Units: 5
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Year Built: 1964
Zoning: R-3 & SFR
Legal Info
Range: 3E
Section: 23
Township: 2N
Lot Number: 12
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2902
Other Income: 1150
Vacancy Allowance: 0.05
Adjusted Gross Inc: 66220.7
Pmt & Rate Info
Cap Rate: 4.25
Equity: 1175000
Down Payment %: 25
Monthly Payments: 5700
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Patio/Balcony: 1
Separate Storage: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1275
Avg SqFt: 860
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1295
Avg SqFt: 1080
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.499831
Geo Lon: -112.024254
Status Change Info
Off Market Date: 2026-01-08
Under Contract Date: 2026-01-08
Close of Escrow Date: 2026-01-30
Sold Price: $998,000
Income Expenses
Gross Annual Sch Inc: 68556
Net Operating Income: 49902
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition; Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Patio/Balcony; Separate Storage
Appliances Included: Refrigerator; Microwave; Washer/Dryer; W/D Hookup
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit
Road Surface Type: Gravel; Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: Other (See Remarks)
Listing Office: Matthews Real Estate Investment Services
Last Updated: January - 31 - 2026
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