2832 E Le Marche Avenue, Phoenix, AZ 85032
- $610,000
- List Price
- $610,000
- Status
- ACTIVE
- Days on Market
- 79
- MLS#
- 7040397
- City
- Phoenix
- Year Built
- 1982
Property Description
Exceptional fully occupied 4-plex in North Central Phoenix offering a highly desirable unit mix of four 2-bedroom, 2-bath units. Designed for tenant appeal, each residence features spacious modern layouts, private outdoor living areas, full-size kitchen appliances, and in-unit laundry. Three units have been recently renovated with updated flooring, fresh paint, and upgraded bathroom fixtures. Operating expenses are streamlined, with tenants paying their own electricity, water, and cable, while HOA dues cover sewer, trash, landscaping, security services, common area maintenance, and pool amenities. Recent capital improvements--including exterior painting, newer HVAC units, and new water heaters--help minimize future maintenance costs. Ample parking includes four covered spaces per building.
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Additional Information
- Taxes
- $1,394
- Net Operating Income
- $28,699
- Cap Rate
- 4.7
- Units
- 4
- Parking Features
- Carport
- Construction
- Wood Frame, Stucco
- Roofing
- Built-Up
- Cooling
- Electric, Varies by Unit
- Heating
- Electric
- Zoning
- MULTI FAMILY
- Subdivision
- Greenway Manor
- Community Features
- Pool, Spa(s), Play Area, Barbecue
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Electricity, Cable TV
- New Financing
- Conventional, 1031 Exchange, No Carry
- Elementary School
- Palomino Primary School
- High School
- Paradise Valley High School
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Listing courtesy of My Home Group Real Estate.
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