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33973418
33973419

4429 N 53RD LN, PHOENIX, AZ 85031

RH
AZ SA640657000
Keller Williams Arizona Realty
Listed by Keller Williams Arizona Realty
$615,000
2 days on market
Updated 1 day ago

4429 N 53RD LN PHOENIX AZ 85031

Details
APN 144-44-059
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,322
Net Rentable (SqFt) 4,322
Units 4
Cap Rate 6.4%
NOI $39,375
Occupancy 100%
Pro-Forma Cap Rate 7.18%
Pro-Forma NOI $44,175
Class C
Year Built 1973
Year Renovated 2017
Buildings 1
Stories 1
Lot Size (SqFt) 7,747
Zoning Multi Family
Investment Type Value Add
Sale Condition 1031 exchange

Great Unit Mix w/Garages!!

Marketing description

Incredible Investment Opportunity in the Heart of Phoenix with an outstanding occupancy and rental history . This multi-unit property offers Strong Income Potential w/ flexible living arrangements ideal for investors, owner-occupants, or multi-generational living. The property features 4 units with Private Entrances, Functional Floor Plans, and Ample Parking including Private Garages! One unit is 3bed/2bath approx. 1600 sq. ft. and 3 of the units are 2bed/1.5bath approx. 900 sq. ft. The 3 bedroom unit has a fireplace. 100% occupancy! Owner pays water/ sewer/trash & tenants pay electricity. Conveniently located this property provides easy connectivity throughout the Valley. Marketing in cooperation w/Listing Ofc HS. Whether you are looking to expand your rental portfolio, generate supplemental income, or occupy one unit while renting the others, this property presents endless possibilities.

Investment highlights

Unit Mix includes one 3 Bedroom & three 2 bedroom units!

Garages plus Off Street Parking!

Laundry On-Site!

Updated Units

Listing Contacts

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

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$39,375.00
$3,281.25/mo

Valuation Metrics

0
DSCR
6.4%
Cap Rate
6.4%
ROI

Map

Zoning

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R-4 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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