2808 E Le Marche Avenue, Phoenix, AZ 85032
- $620,000
- 8
- BD
- 7
- BA
- List Price
- $620,000
- Status
- ACTIVE
- Price Change
- ▼ $25,000 1789683714
- Days on Market
- 49
- MLS#
- 7076952
- City
- Phoenix
- Bedrooms
- 8
- Bathrooms
- 7
- Year Built
- 1982
Property Description
Well-maintained fourplex in Palomino Point/Greenway Manor featuring one 1-bedroom, two 2-bedroom, and one 3-bedroom unit. Three units have been completely remodeled recently, while the fourth has been well maintained. Professional management has kept the property in excellent condition. Most appliances have been updated, along with newer HVAC systems in two units. All four units are currently leased, with the next lease expiring 9/30/26 and the longest through 9/27. Current rents offer upside potential, giving a new owner opportunities to increase revenue as leases renew. Drive-by only; please do not disturb tenants.
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Additional Information
- Taxes
- $1,415
- Net Operating Income
- $45,650
- Cap Rate
- 7.08
- Units
- 4
- Parking Features
- Free, Paved, Carport, <1 Space Per Unit, Assigned
- Construction
- Wood Frame, Stucco
- Roofing
- Foam
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Heating
- Electric, Forced Air
- Zoning
- Pad Hi
- Subdivision
- Greenway Manor
- Community Features
- Pool, Clubhouse, Play Area
- Electric
- APS
- Water
- City Franchise
- Sewer
- Public Sewer, Sewer-In & Connected
- Tenant Pays
- Water, Electricity
- New Financing
- VA Loan, FHA, Conventional, Cash
- Elementary School
- Palomino Primary School
- Middle School
- Greenway Middle School
- High School
- Paradise Valley High School
Courtesy of Compass. 480-776-1555
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