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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$750,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Del Rey Lots 101-140

MLS Listing ID 7058509

Maintenance Fees $1,500

Year Built 1981

Annual Tax Amount $1,050

Tax Year 2025

Lot Dimensions 6,595

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture upside while maintaining occupancy stability. Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture upside while maintaining occupancy stability. Each unit is equipped with central air conditioning, tile flooring, or laminate and white cabinetry, stainless steal appliances, and all units feature private backyard spaces--an amenity that differentiates the asset from competing properties and supports tenant retention. The property has undergone recent exterior capital improvements, including new paint, upgraded fencing and gates, modernized entry doors, enhanced lighting, and refreshed landscaping.
All facts and figures are approximate buyer verify MLS info Owner Broker

Location

State AZ

County Maricopa

Community Del Rey Lots 101-140

Area Maricopa

Zoning R-3

Interior

Heating Central

Cooling Central Air

Flooring Tile

Appliance Other

Exterior

Parking Features Other

Community Features Other

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Creighton Virtual Academy

Middle Schools Creighton Virtual Academy

High Schools Camelback High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 121-78-035-A

Acceptable Financing Other (See Remarks), Conventional, 1031 Exchange, FHA, VA Loan

Disclosures None

Listing Terms Other (See Remarks), Conventional, 1031 Exchange, FHA, VA Loan

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Listed by Real Broker • Sophia J Willets

NEARBY SCHOOL & BUSINESS

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2444 E WILLETTA Street #4 Phoenix, AZ 85008