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33972252
33972256

3849 N 23RD DR, PHOENIX, AZ 85015

RH
AZ SA640657000
Keller Williams Arizona Realty
Listed by Keller Williams Arizona Realty
$669,000
2 days on market
Updated 2 days ago

3849 N 23RD DR PHOENIX AZ 85015

Details
APN 110-04-026
Property Type Multifamily
Square Footage 3,085
Net Rentable (SqFt) 3,085
Units 4
Cap Rate 5.36%
NOI $35,882
Occupancy 100%
Pro-Forma Cap Rate 6.93%
Pro-Forma NOI $46,382
Class C
Year Built 1984
Year Renovated 2019
Buildings 2
Stories 1
Lot Size (SqFt) 11,424
Zoning Multi Family
Investment Type Value Add

All 2 Bedroom Units!!

Marketing description

Great Investment Opportunity / Value Add 4 Plex consisting of 2 separate buildings on a Large Lot with a very Open and Spacious Community Courtyard perfect for Gathering, BBQ's & Visiting w/ the neighbors. All units are 2 Bedrooms with 1 bathroom and each resident has a separate storage unit. Onsite Laundry and Off Street Parking. Conveniently located for Easy Commute to Grand Canyon University (2 miles), Downtown & Mid Town Phoenix, Airport, Employment, Dining, Entertainment and Services! Marketing in cooperation w/listing ofc HS. All tenants w/month-to-month leases. Upside w/updating and rental rate increases. Roofs and A/C units less than 10 years old.

Investment highlights

All 2 Bedroom Units

Owner Occupied

Onsite Laundry

2 Miles from Grand Canyon University

100% Occupied / All Month to Month

Listing Contacts

RH
AZ SA640657000
Keller Williams Arizona Realty
Listed by Keller Williams Arizona Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$35,882.00
$2,990.17/mo

Valuation Metrics

0
DSCR
5.36%
Cap Rate
5.36%
ROI

Map

Zoning

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R-3 ResidentialMulti FamilyMultifamily Residence
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Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Rick Horst
License
SA640657000
Brokerage Phone
4803530394
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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