$655,000
Phoenix, AZ 85032
MLS# 6855967
1 / 40
Property Description
Fourplex for sale in the heart of North Phoenix just minutes from the Desert Ridge Marketplace, SR 51, local schools and parks, shopping, and many other attractions. VA ASSUMABLE loan, see private remarks. The unit mix is: one 1bed/1bath unit, one 2bed/2bath unit, one 2bed/1.5 bath TH style unit, and one 3bed/3bath unit. All units have generous square footage along with W/D hookups. Each unit has outdoor space with either a ground level patio or a balcony. . Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, and gated access with fob entry. Fully occupied with good paying tenants. DO NOT Disturb Tenants. Drive By ONLY. See documents tab, rents in attachment and listed in MLS are actual.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $655,000
List Price: $655,000
Status: Active
List Date: 2025-04-23
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 9 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 37
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1402
Legal: LOT 9 GREENWAY MANOR MCR 023347
Marketing Name: 2844 E. Monte Cristo Ave.
House Number: 2844
Compass: E
Street Name: MONTE CRISTO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8316
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-037
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: PAD-13
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Palomino Primary School
Jr. High School: Palomino Intermediate School
High School: Paradise Valley High School
Year Built: 1982
Zoning: PAD-13
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 9
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Tile: 1
Foam: 1
Rolled: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Ins Exp: 3000
Annual Legal & Acctg: 200
Annual Maint Exp: 1137
Annual Mgmt Exp: 5454
Owner Association: Yes
Annual Ownr Asoc Fee: 8333
Operating Exp: 19526
Other Income: 1620
Vacancy Allowance: 0.03
Adjusted Gross Inc: 54486.84
Pmt & Rate Info
Cap Rate: 5.35
Down Payment: 338616
Equity: 580000
Down Payment %: 0
Monthly Payments: 2104
1st Interest Rate: 2.25
1st Years Remaining: 25
1st Payment Freq: Monthly
2nd Encumbrance: 75000
Total Owed: 75000
Payment Includes
Principal: 1
Interest: 1
Taxes: 1
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Electric: 1
Interior Features
Unfurnished: 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Other: 1
New Financing
Cash: 1
Cash to Loan: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
VA: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Assume - Qualify: 1
Fin Info Sub to Veri: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 949
Avg SqFt: 900
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1099
Avg SqFt: 1106
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1399
Avg SqFt: 1300
# Baths: 3
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 29th ST/Greenway
Geo Lat: 33.632357
Geo Lon: -112.020233
Income Expenses
Gross Annual Sch Inc: 54552
Net Operating Income: 35010
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up; Tile; Foam; Rolled
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Building(s) Only
Payment Includes: Principal; Interest; Taxes
Community Features: Pool
Interior Features: Unfurnished; Vertical Blinds; Mini Blinds
Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; W/D Hookup
Heating: Central
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; 1 Space/Unit; Assigned
Road Surface Type: Asphalt
Owner Pays: Other
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: VA
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Assume - Qualify; Fin Info Sub to Veri
Existing 2nd Loan: Treat as Free&Clear
New Financing: Cash; Cash to Loan; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: ROI Asset Management Solutions
Last Updated: December - 24 - 2025
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