2522 W Palo Verde Drive, Phoenix, AZ 85017
- $424,900
- List Price
- $424,900
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 276
- MLS#
- 6946557
- City
- Phoenix
- Year Built
- 1959
Property Description
4-Plex Investment Opportunity! Discover this incredible value-add multifamily property featuring four 2-bed, 1-bath units across two duplex buildings at 2522 & 2528 W Palo Verde Dr, Phoenix, AZ 85017. Two units (2522 B & 2528 B) are currently rented at $840 and $780 per month, providing immediate income. The remaining two units are vacant and ready for renovation, offering great upside potential for increased rents or resale value. Located near GCU and major transportation routes, this property is perfect for investors seeking strong cash-flow potential in a high-demand rental area. With a little vision and improvement, this 4-plex can become a top performer in your portfolio!
/u.realgeeks.media/capcorerealestate/header.png)
Additional Information
- Taxes
- $1,873
- Net Operating Income
- $20,837
- Cap Rate
- 4.9
- Units
- 4
- Parking Features
- Carport
- Construction
- Block, Painted
- Roofing
- Rolled/Hot Mop
- Cooling
- Electric
- Heating
- Electric
- Zoning
- R3
- Subdivision
- Bethany Main
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- See Remarks
- New Financing
- Conventional
- Elementary School
- Alhambra Preschool Academy
- Middle School
- Alhambra Traditional School
- High School
- Alhambra High School
Mortgage Calculator
Listing courtesy of HomeSmart.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.