$799,900
3823 North 23rd Drive
Details
Property Type Retail, Multifamily
Square Footage 3,704
Net Rentable (SqFt) 6,000
Units 4
Cap Rate 6.76%
NOI $54,091
Tenancy Multi
Lease Type Gross
Lease Term 1
Lease Expiration 11/01/2026
Remaining Term 0.3
Price per SqFt $216
Class B
Year Built 1985
Buildings 1
Lot Size (SqFt) 9,552
Zoning M-M (multi family)
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.16
Investment Type Owner/User
Tenant Credit Credit Rated
Lease Commencement 11/01/2025
Ground Lease No
Sale Condition N/A
4-Plex In Central Phoenix Under $800,000
Marketing description
Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show. Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,091.00
$4,507.58/mo
Valuation Metrics
0
DSCR
6.76%
Cap Rate
6.76%
ROI
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