Courtesy of Apex Residential
Property Description
high-performing fourplex–arguably the best cash-flowing asset currently available in the Phoenix metro. Fully leased and producing over $6,500/month in gross income with immediate upside through RUBs and rental increases. Strong unit mix: (1) 3BD/2BA + (3) 2BD/1BA, appealing to long-term tenants and driving consistent demand. Each unit offers a garden-style layout with private garage parking–an uncommon feature that sets this property apart. Well-maintained with minimal near-term capex, delivering stable, predictable income from day one. Perfect for investors seeking a clean, income-producing asset with both strong yield and long-term upside. Opportunities like this are rare–act quickly.
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Property Details and Features
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Appliances & Equipment
- "Refrigerator"
- "Free-Standing Electric Oven"
- "Microwave"
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Building
- Built in 1974
- Construction materials: "Wood Frame", "Stucco"
- 4 total units
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Cooling
- "Central Air"
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Expenses
- Insurance: $3,600
- Water sewer: $4,200
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Floors
- "Tile"
- "Ceramic Tile"
- "Vinyl"
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Heating
- "Electric"
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Listing
- Listing ID: 7016511
- Standard status: Active
- 16 days on market
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Location
- Subdivision name: NORTHERN LANAI UNIT 1
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Parking
- "Garage Door Opener"
- "<1 Space Per Unit"
- 8 total parkings
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Property
- Zoning: r3
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Roof
- "Composition"
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Schools
- High school district: Glendale Union High School District
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Sewer
- "Public Sewer"
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Taxes
- Annual amount: $2,307
- Lot: 27
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Utilities
- "SRP"
- "Individual Meter"
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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.