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2036 W CACTUS Road Phoenix, AZ $ 679,000
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$ 679,000 Get more info
2036 W CACTUS Road
$ 679,000
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Share Save

2036 W CACTUS Road

Phoenix, AZ, 85029
$ 679,000
Baths0.0

Monthly Estimate*

$ 4,513

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $679,000. This home was built in 1963.

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!

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Multi-Family Active

Price

$ 679,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,725

Style

Multiple Dwellings

Year Built

1963

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6695476
Features
General
Sewer Public Sewer
Heating Individual Heat Pump Electric
Cooling Central A/C Individual Heat Pump Electric Ceiling Fan(s)
Roof Foam
Zoning R-3
Construction Materials Siding Painted Block
Year Built 1963
Electric APS Individual Meter
Tenant Pays Electricity Cable TV
Township 3N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 41954.4
Community Features See Remarks
County Maricopa
Net Operating Income 35991.4
Operating Expense 5963.0
Insurance Expense 1638.0
Property Type Multiple Dwellings
Attached Garage N
Garage Y/N N
Status Active
Directions West on Cactus from 19th Ave. Garden Villas is on the North side of Cactus. Second building on the left.
City Phoenix
Buyer Agent Compensation 2.50
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Glendale Union High School District
Open Parking Spaces 4.0
Total Units 4
Lot Size Square Feet 0.0
Carport Y/N N
Street Name CACTUS
Tax Annual Amount 1725.0
Trash Expense 1400.0
Water Sewer Expense 1200.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 25
Standard Status Active
Occupancy Type Tenant
Elementary School District Washington Elementary District
Tax Lot Unknown
Cap Rate 5.3
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Add'l Parking Avail 1 Space/Unit
Water Source City Franchise
Total Parking 4.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions 9583 total sq ft.
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2036
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* Excluded Features
List By
Mcmath Realty Llc

Broker

tyler@mcmathrealty.com

Email

Affordability Calculator

$4,657
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,513
Monthly Property Taxes
$144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4327134 Elementary School
4327258 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2024$679,000 -2.86% Price Down
4/23/2024$699,000 Listed Price

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2036 W CACTUS Road, Phoenix, AZ, 85029 is a Multi-Family Home for sale at $679,000. 2036 W CACTUS Road is a studio with 0.0 baths and was built in 1963. The property's zip code is 85029 which is in Phoenix, AZ

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