Courtesy of HomeSmart
Property Description
4-Plex Investment Opportunity! Discover this incredible value-add multifamily property featuring four 2-bed, 1-bath units across two duplex buildings at 2522 & 2528 W Palo Verde Dr, Phoenix, AZ 85017. Two units (2522 B & 2528 B) are currently rented at $840 and $780 per month, providing immediate income. The remaining two units are vacant and ready for renovation, offering great upside potential for increased rents or resale value. Located near GCU and major transportation routes, this property is perfect for investors seeking strong cash-flow potential in a high-demand rental area. With a little vision and improvement, this 4-plex can become a top performer in your portfolio!
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Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Free-Standing Range
- Dishwasher
- Refrigerator
- None
- Microwave
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Bathrooms
- 4 total bathrooms
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Bedrooms
- 8 total bedrooms
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Building
- Built in 1959
- 2 buildings
- Construction Materials: Painted, Block
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Community
- No Pool
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Cooling
- Electric
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Disclosures
- None
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Expenses
- Operating: $1,873
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Floors
- Carpet
- Vinyl
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Heating
- Electric
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Income
- Net Operating Income: $20,837
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Listing
- Listing ID: 6946557
- Standard Status: Active Under Contract
- MLS Status: UCB (Under Contract-Backups)
- 192 days on market
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Location
- Subdivision: Bethany Main
- County/Parish: Maricopa
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Lot
- Dimensions: 14600
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Parking
- 4 covered spaces
- 4 open parking spaces
- 8 total parking spaces
- Add’l Parking Avail
- Carport
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Roof
- Rolled/Hot Mop
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Schools
- Elementary School: Alhambra Preschool Academy
- Elementary School District: Alhambra Elementary District
- Middle School: Alhambra Traditional School
- High School: Alhambra High School
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 153-05-054-A
- Public Survey Range: 2E
- Public Survey Section: 13
- Annual Amount: $1,873
- Tax Book Number: 153.00
- Legal Description: BETHANY MAIN PLAT 2
- Lot: 25
- Parcel Letter: A
- Year: 2024
- Zoning: R3
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Utilities
- Water Source: City Franchise
- SRP
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This content last updated on September 7, 2026 1:48AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.