4034 E MORELAND Street, Phoenix, AZ 85008

$1,335,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,335,000 List Date: 10/18/2024 Last Modified: 1/10/2025

Description

Fantastic Investment Opportunity! All 4 units are fully leased at $1,900/month, providing a reliable income stream. With OWNED solar panels, you'll enjoy significant savings! This beautifully renovated 4-unit apartment community features modern 2-bedroom, 1-bathroom layout. Each unit offers an open-concept living space with modern finishes. Every unit is equipped with a full-size stackable washer and dryer and all units have its own private patio and low-maintenance yard. Covered parking for each tenant! Located in an up-and-coming neighborhood, this property is perfectly positioned to benefit from the area's growth and increasing desirability. Extensive exterior upgrades include newer roofs, dual-pane windows, stucco, and updated electrical and plumbing.

More Information MLS# 6770037

Contract Info

Current Price: $1,335,000 List Price: $1,335,000 Status: Active List Date: 2024-10-04 Ownership: Fee Simple

Location Tax Legal

House Number: 4034 Compass: E Street Name: MORELAND St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85008 Zip4: 5558 Country: USA County Code: Maricopa Subdivision: WHISPERING SANDS Assessor Number: 125-20-025 Tax Year: 2023

General Property Description

Lot Size Dimensions: 82.81x94.28x82.81x94.27 Year Built: 1963 Uncvrd Parking Spcs: 2 Total # of Units: 4 # of Buildings: 1 Zoning: R-4 Elementary School District: Balsz Elementary District High School District: Phoenix Union High School District

Remarks Misc

Geo Lat: 33.461548 Geo Lon: -111.99332

Status Change Info

Status Change Date: 2024-10-18

Legal Info

Township: 1N Range: 4E Section: 6 Lot Number: 23

Income Expenses

Gross Annual Sch Inc: 91200 Net Operating Income: 75177

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1900 Avg SqFt: 780 # Baths: 1

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Stucco Roofing: Comp Shingle Floors: Vinyl Sale Includes: Building(s) Only Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony; Security Light(s) Interior Amenities: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Solar Cooling: Electric; Individual Water: City Franchise Sewer: Sewer - Public Electric: Solar Gas: None Parking: Carport; >1 Space Per Unit Owner Pays: Water; Electric; Trash Collection; Landscaping; See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Provided by Owner Showing Notification Methods: Text Lockbox Type: Supra (ARMLS) Existing 1st Loan: VA New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Compass

Last Updated: January - 10 - 2025

4034 E MORELAND Street, Phoenix, AZ 85008 (MLS# 6770037)