Courtesy of AZ Flat Fee
Property Description
Discover an exceptional investment opportunity in the heart of Central Phoenix! This well-maintained four-plex, built in 2003, features four identical 2-bedroom, 1-bath units, each offering approximately 797 sq ft of thoughtfully designed living space. Inside, each unit showcases modern kitchens with built-in appliances and wood cabinetry. A soothing color palette and durable tile flooring create a clean, cohesive look that appeals to long-term tenants. The property also offers ample on-site parking and easy-care desert landscaping, making it simple to maintain. Ideally located just minutes from the light rail, schools, shopping, popular dining, and major freeways, this property delivers both convenience and strong rental demand. Owner currently pays water, sewer, and trash, while . . . Tenants pay electricity, keeping operating expenses predictable. This is a rare chance to secure immediate cash flow with excellent future value in one of Phoenix’s most sought-after rental markets. Drive-by only, please do not disturb tenants. No sign on the property.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Dishwasher
- Refrigerator
- Built-In Electric Oven
- Washer/Dryer
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Bathrooms
- 4 total bathrooms
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Bedrooms
- 8 total bedrooms
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Building
- Built in 2003
- 1 building
- Construction Materials: Wood Frame, Painted, Stucco
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Community
- No Pool
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Cooling
- Ceiling Fan(s)
- Electric
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Disclosures
- Seller Prop Disc Stm
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Expenses
- Electric: $345.84
- Insurance: $2,001
- Operating: $16,356.5
- Water/Sewer: $3,335.62
- Other Expense: $5,618.68
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Exterior Features
- Sidewalk(s)
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Floors
- Tile
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Heating
- Heat Pump
- Electric
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Income
- Gross Income: $64,344.7
- Gross ScheduledIncome: $64,344.7
- Net Operating Income: $9,483.37
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Listing
- Listing ID: 6951436
- Standard Status: Active
- MLS Status: Active
- 284 days on market
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Location
- Subdivision: MORTEN AVENUE ESTATES
- County/Parish: Maricopa
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Lot
- Dimensions: 10639
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Owner Pays
- Trash Collection
- Water
- Sewer
- Landscaping
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Parking
- 6 open parking spaces
- 6 total parking spaces
- Paved
- Assigned
- <1 Space Per Unit
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Roof
- Composition
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Schools
- Elementary School: Orangewood School
- Elementary School District: Washington Elementary School District
- Middle School: Orangewood School
- High School: Washington High School
- High School District: Glendale Union High School District
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Sewer
- Sewer-In & Connected
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 157-19-118
- Public Survey Range: 2E
- Public Survey Section: 1
- Annual Amount: $2,490
- Tax Book Number: 157.00
- Legal Description: LOT 3 MORTEN AVENUE ESTATES MCR 062029
- Lot: 3
- Year: 2025
- Zoning: R-3
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Utilities
- Water Source: City Franchise
- SRP
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This content last updated on September 5, 2026 4:31PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.