$835,000
Phoenix, AZ 85051
MLS# 7016511
1 / 21
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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $835,000
List Price: $835,000
Status: Active
List Date: 2026-04-09
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 27 NORTHERN LANAI UNIT 1 MCR 016924
Assessor's Parcel #: 894
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 105602
Taxes: 2307
Legal: LOT 27 NORTHERN LANAI UNIT 1 MCR 016924
Marketing Name: NORTHERN LANAI 4 PLEX
House Number: 3346
Compass: W
Street Name: HARMONT
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6157
County Code: Maricopa
Subdivision: NORTHERN LANAI UNIT 1
Assessor Number: 150-09-894
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: n/a
Flood Zone: TBD
Total # of Units: 4
High School District: Glendale Union High School District
Year Built: 1974
Zoning: r3
Legal Info
Range: 2E
Section: 35
Township: 3N
Lot Number: 27
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3600
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4200
Owner Association: Yes
Annual Ownr Asoc Fee: 1560
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 11667
Other Income: 3696
Vacancy Allowance: 0
Adjusted Gross Inc: 81456
Total Monthly Rental Income: 6480
Pmt & Rate Info
Cap Rate: 8.36
Equity: 835000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Accountant: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
<1 Space Per Unit: 1
Garage Door Opener: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1495
Avg SqFt: 875
# Baths: 3
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1995
Avg SqFt: 1100
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 33rd & Northern
Geo Lat: 33.555719
Geo Lon: -112.131486
Income Expenses
Gross Annual Sch Inc: 77760
Net Operating Income: 69789
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Tile; Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave
Cooling: Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Garage; <1 Space Per Unit; Garage Door Opener
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Accountant
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
New Financing: Cash; VA; Conventional
Environmental: None
Listing Office: Apex Residential
Last Updated: April - 23 - 2026
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