Courtesy of HomeSmart
Property Description
This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. Units 1 and 2 have just been remodeled/ upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.5% CAP (Pro forma)
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Property Details and Features
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Appliances & Equipment
- “Free-Standing Range”
- “Refrigerator”
- “Free-Standing Electric Oven”
- “Microwave”
- “W/D Hookup”
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Building
- Built in 1960
- Construction materials: “Painted”, “Block”
- 4 total units
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Cooling
- “Central Air”
- “Ceiling Fan(s)”
- “Electric”
- “Heat Pump”
- “Individual”
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Expenses
- Insurance: $1,600
- Water sewer: $4,100
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Floors
- “Ceramic Tile”
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Heating
- “Electric”
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Listing
- Listing ID: 6988566
- Standard status: Active
- 24 days on market
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Location
- Subdivision name: PALOMINO ESTATES
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Parking
- “Off Street”
- “>1 Space Per Unit”
- 5 total parkings
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Property
- Zoning: Multi-Family
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Roof
- “Composition”
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Schools
- Elementary school: Brunson-Lee Elementary School
- High school: Buckeye Union High School
- High school district: Buckeye Union High School District
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Security Features
- “Security Light(s)”
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $1,184
- Lot: 47
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Utilities
- “SRP”
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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.