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2036 W Cactus Road,  Phoenix AZ, 85029

(Active)
$679,000
|
|
MLS# 6695476
Last Updated: 5/16/2024 9:48 PM
Description for 2036 W Cactus Road Phoenix, AZ 85029
A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. 3 of the units have been extensively remodeled with new flooring, new kitchen cabinets, counters and appliances, new vanities, tubs and toilets, popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owned 4 plex buildings. Units C and D have private fenced yards. Roof was new in 2018. Unit A - new A/C in 2023. Unit D - new A/C in 2021. Unit C - new A/C in 2020. 100% occupied at below market rates. Market rents indicate a $1250-$1350 per month rate is possible, making the CAP rate a terrific 7%+. Community laundry. NO HOA!
Price
$679,000
Maricopa
6695476
Active
Description
A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. 3 of the units have been extensively remodeled with new flooring, new kitchen cabinets, counters and appliances, new vanities, tubs and toilets, popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owned 4 plex buildings. Units C and D have private fenced yards. Roof was new in 2018. Unit A - new A/C in 2023. Unit D - new A/C in 2021. Unit C - new A/C in 2020. 100% occupied at below market rates. Market rents indicate a $1250-$1350 per month rate is possible, making the CAP rate a terrific 7%+. Community laundry. NO HOA!
Listing Information
Property Type: Multi-Family, Other
1963 Block
3N//
Public Sewer
Neighborhood
Room Information
Interior Features
Ceramic Tile, Vinyl
Central Air, Electric, Heat Pump, Ceiling Fan(s)
Electric Heating, Heat Pump
Exterior / Lot Features
4 Parking Spaces,
Block
Foam
9583 total sq ft.
R-3
Driving Directions
West on Cactus from 19th Ave. Garden Villas is on the North side of Cactus. Second building on the left.
Financial Considerations
149-04-024
$1,725
Conventional
Listing Price History

Phoenix Real Estate

Phoenix is located in Arizona. Phoenix, Arizona 85029 has a population of 1,629,970.

The median household income in Phoenix, Arizona 85029 is $50,314. The median household income for the surrounding county is $68,280 compared to the national median of $66,222. The median age of people living in Phoenix 85029 is 37 years.

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Courtesy: McMath Realty LLC

Information deemed reliable but not guaranteed. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
This content last refreshed on 5/16/2024 9:48 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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