Courtesy of Valley Views RE
Property Description
Turnkey investment opportunity with ALL units FULLY OCCUPIED! featuring a fully remodeled multi-building INCOME property with modern finishes throughout. Gated entry with remote access, plus ample parking with both covered and uncovered spaces. Well-maintained and ready for continued cash flow. Building One includes three apartments: one 2 bed/2 bath and two 1 bed/1 bath units, all with kitchens and W/D hookups. Buildings Two and Three offer four identical 1 bed/1 bath units with living rooms, kitchens, W/D hookups, and private back patioS! The property also includes two newer mobile homes with primary bedrooms, en-suite baths, and W/D hookups.
Open House
Property Details and Features
-
Property Access
- Road Surface: Concrete, Gravel
-
Appliances & Equipment
- Refrigerator
- Built-In Electric Oven
- Microwave
- Washer/Dryer
- W/D Hookup
-
Bathrooms
- 13 total bathrooms
-
Bedrooms
- 13 total bedrooms
-
Building
- Built in 1961
- 5 buildings
- Construction Materials: Wood Frame, Painted, Stucco, Block
-
Community
- No Pool
-
Cooling
- Central Air
- Individual
-
Disclosures
- None
-
Expenses
- Electric: $14,829.6
- Insurance: $4,980
- Operating: $36,014.5
- Water/Sewer: $8,076
- Other Expense: $1,442.88
-
Floors
- Ceramic Tile
-
Heating
- Electric
-
Income
- Gross Income: $96,607
- Gross ScheduledIncome: $96,607
- Net Operating Income: $133,200
-
Listing
- Listing ID: 6972367
- Standard Status: Active
- MLS Status: Active
- 227 days on market
-
Location
- Subdivision: NORMAN ACRES
- County/Parish: Maricopa
-
Lot
- Dimensions: 13,572
-
Owner Pays
- Electricity
- Trash Collection
- Water
- Sewer
-
Parking
- 8 covered spaces
- 6 open parking spaces
- 14 total parking spaces
- Free
- Assigned
- >1 Space Per Unit
- Carport
-
Roof
- Composition
-
Schools
- Elementary School District: Roosevelt Elementary District
- High School: South Mountain High School
- High School District: Phoenix Union High School District
-
Security Features
- Security Light(s)
-
Sewer
- Public Sewer
-
Taxes
- Additional parcels description:
- Parcel Number: 113-27-020
- Public Survey Range: 3E
- Public Survey Section: 21
- Annual Amount: $686
- Tax Book Number: 113.00
- Legal Description: NORMAN ACRES LOT 1 BLK 2 S 70′
- Lot: 1
- Year: 2024
- Zoning: R-4
-
Utilities
- Water Source: City Franchise
- SRP
Property Map
Street View
Market Trends for 85040, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on September 5, 2026 10:41AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.