3823 N 23rd Drive, Phoenix, AZ 85015
- $799,900
- 8
- BD
- 4
- BA
- List Price
- $799,900
- Status
- ACTIVE
- Days on Market
- 52
- MLS#
- 7056928
- City
- Phoenix
- Bedrooms
- 8
- Bathrooms
- 4
- Year Built
- 1985
Property Description
Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show. Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.
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Additional Information
- Taxes
- $2,322
- Net Operating Income
- $39,096
- Cap Rate
- 4.89
- Units
- 4
- Flooring
- Ceramic Tile
- Parking Features
- Open, Paved, >1 Space Per Unit
- Construction
- Wood Frame, Stucco
- Roofing
- Composition
- Cooling
- Heat Pump, Electric
- Heating
- Electric, Heat Pump
- Zoning
- Multi
- Exterior Features
- Sidewalk(s)
- Subdivision
- Gerardo Park Lots 11-39
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- Electricity, Cable TV
- New Financing
- Conventional, 1031 Exchange, No Carry
Courtesy of eXp Realty. 888-897-7821
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