$829,000
Phoenix, AZ 85051
MLS# 6911002
Status: Pending
1 / 18
Property Description
Turnkey Cash-Flowing Fourplex in Prime Phoenix Location! Fully leased and grossing over $6,500/month (not including RUBs). Excellent unit mix: (1) 3 bed / 2 bath + (3) 2 bed / 1 bath units. All units are garden-style with private garage parking—rare for the area. Well-maintained interiors and desirable layouts ensure low vacancy and strong tenant demand. Upside potential with RUBs and future rent increases. Ideal for investors seeking strong in-place cash flow with room to grow. This is arguably the best fourplex available in Phoenix today—don't miss it!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $829,000
List Price: $829,000
Status: Pending
List Date: 2025-08-26
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 28 NORTHERN LANAI UNIT 1 MCR 016924
Assessor's Parcel #: 895
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 105602
Taxes: 2267
Legal: LOT 28 NORTHERN LANAI UNIT 1 MCR 016924
Marketing Name: Cash Cow 4 unit
House Number: 8108
Compass: N
Street Name: 33RD
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6107
County Code: Maricopa
Subdivision: NORTHERN LANAI UNIT 1
Assessor Number: 150-09-895
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 10130
Flood Zone: TBD
Total # of Units: 4
High School District: Glendale Union High School District
Year Built: 1974
Zoning: n/a
Legal Info
Range: 2E
Section: 35
Township: 3N
Lot Number: 28
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3600
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: 4200
Owner Association: Yes
Annual Ownr Asoc Fee: 1560
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 11627
Other Income: 2367.24
Vacancy Allowance: 0
Adjusted Gross Inc: 81327.24
Pmt & Rate Info
Cap Rate: 8.41
Equity: 829000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Electric
SRP: 1
Gas
None: 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
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: 1528
Avg SqFt: 875
# Baths: 3
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1995
Avg SqFt: 1100
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Northern and 33rd Ave
Geo Lat: 33.555432
Geo Lon: -112.131211
Status Change Info
Off Market Date: 2025-11-05
Under Contract Date: 2025-11-04
Income Expenses
Gross Annual Sch Inc: 78960
Net Operating Income: 69700.24
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Refrigerator; Dishwasher; Microwave
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Garage
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Apex Residential
Last Updated: December - 18 - 2025
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