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Eric Ravenscroft

eric@theravenscroftgroup.com +1(480) 269-5858

$ 899,000

Est. payment | -/mo

8 Beds

Save

$ 899,000

Est. payment | -/mo

Save

8 Beds

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Palomino Estates

MLS Listing ID 6988566

Bedrooms 8

Year Built 1960

Annual Tax Amount $1,184

Tax Year 2025

Lot Dimensions 8640

Source Arizona Regional Multiple Listing Service (ARMLS)

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. 4 UNITS FULLY OCCUPIED; 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 6.4% CAP.

Location

State AZ

County Maricopa

Community Palomino Estates

Area Maricopa

Zoning Multi-Family

Direction Head East on McDowell, South on 48th St, East on Culver, North on 48th Place.

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s), Electric, Heat Pump, Varies by Unit

Flooring Ceramic Tile

Appliance Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup

Exterior

Parking Features Off Street, >1 Space Per Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Brunson-Lee Elementary School

Middle Schools Pat Tillman Middle School

High Schools Buckeye Union High School

School District Buckeye Union High School District

Others

Senior Community No

Tax ID 125-13-092-A

Ownership Fee Simple

Acceptable Financing Cash, No Carry, Conventional, FHA

Disclosures Seller Prop Disc Stm

Listing Terms Cash, No Carry, Conventional, FHA

Listed by HomeSmart • Monica Coker

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NEARBY LOCATIONS

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+1(480) 269-5858

eric@theravenscroftgroup.com

1321 N 48TH Place Phoenix, AZ 85008