4401 N 53rd Lane, Phoenix, AZ 85031
- $550,000
- 9
- BD
- 8
- BA
- List Price
- $550,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 16
- MLS#
- 7071204
- City
- Phoenix
- Bedrooms
- 9
- Bathrooms
- 8
- Year Built
- 1973
Property Description
GREAT MULTI-UNIT INVESTMENT PROPERTY! 100% occupancy. Four units with private entrances, spacious floor plans, and ample parking. Updates include 3 updated showers, hot water heaters, & exterior paint. Unit 3 and 4 have a shared balcony. Unit 1 and 2 have spacious fenced patios. Each unit has a garage. Unit 1 has a two car garage. Regular maintenance performed. Property is walking distance to school, medical, shopping, Walmart, library, park, & more! Quick access to highway 17 and the 60!! Tenants' rights apply, do not disturb tenants.
/u.realgeeks.media/getmultifamily/header.png)
Additional Information
- Taxes
- $2,837
- Net Operating Income
- $27,600
- Cap Rate
- 5.02
- Units
- 4
- Flooring
- Ceramic Tile
- Parking Features
- Paved, On Street
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Tile
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Electric
- Zoning
- MULTI
- Exterior Features
- Sidewalk(s)
- Subdivision
- Parkway Village
- Community Features
- No Pool
- Electric
- Individual Meter, SRP
- Water
- Master Meter, City Franchise
- Tenant Pays
- Electricity, Cable TV
- New Financing
- Conventional, Cash
- Elementary School
- John F. Long
- Middle School
- Marc T. Atkinson Middle School & Gifted Academy
- High School
- Maryvale High School
Courtesy of eXp Realty. 888-897-7821
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.