2440 E Waltann Lane, Phoenix, AZ 85032
- $690,000
- 9
- BD
- 5
- BA
- List Price
- $690,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7064823
- City
- Phoenix
- Bedrooms
- 9
- Bathrooms
- 5
- Year Built
- 1982
Property Description
This 4-unit property in Phoenix presents a compelling opportunity for the owner-occupant or buy-and-hold investor looking to enter or expand in one of the Valley's most resilient rental markets. The offering features a desirable unit mix of three 2-bedroom residences and one spacious 3-bedroom unit, ideal for the house hacker looking to offset their mortgage while building long-term equity. The property is move-in ready with meaningful updates already in place, allowing an investor to step in with confidence while still having a clear runway to add value through strategic improvements and rental rate optimization.
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Additional Information
- Taxes
- $1,479
- Net Operating Income
- $40,000
- Cap Rate
- 5.8
- Units
- 4
- Parking Features
- Carport, >1 Space Per Unit
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Tile, Composition
- Cooling
- Central Air
- Heating
- Central
- Zoning
- R-3
- Subdivision
- Greenley Place
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Electricity
- New Financing
- Cash to Loan, VA Loan, FHA, Conventional, 1031 Exchange, Cash
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Listing courtesy of Orion Investment Real Estate.
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.