2802 E MARCONI Avenue, Phoenix, AZ 85032
$525,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$525,000
List Date:
9/26/2021
Last Modified:
12/16/2025
Description
DON'T WAIT...TAKE A LONG LOOK AT THIS ONE. Excellent location-corner lot at the W edge of the subdivision. LARGE LOT-9136 sqft ...other units avg between 6000 and 6500 sqft.. Owner lived in one of the units until earlier this year. At this time all 4 units are occupied and tenants pay rent on time. HOA is 709.50/mo and includes water/sewer/trash, community pool and landscaping. Tenants pay for their own electricity. 4 covered parking spots. (Unit103) 3bed/3bath approx 1100 sqft *new kitchen (Unit203) 2bed/2bath appox 900 sqft (Unit102) 1bed/1bath approx 700sqft (Unit101) 2bed/1.5 bath approx 900sqft. All units have been partially udated and painted. EXCELLENT INVESTMENT! DRIVE BY ONLY. DO NOT DISTURB TENANTS.
More Information MLS# 6298689
Contract Info
Ownership: Fee Simple
Current Price: $525,000
Sold Price: $525,000
Status: Closed
List Date: 2021-09-24
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 48 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 76
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1398
Legal: LOT 48 GREENWAY MANOR MCR 023347
Marketing Name: GREENWAY MANOR
Map Code/Grid: L35
House Number: 2802
Compass: E
Street Name: MARCONI
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3780
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-076
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 9,139
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1982
Zoning: multi
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 48
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 8514
Operating Exp: 9912
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 36480
Pmt & Rate Info
Cap Rate: 3.29
Equity: 530000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Play Area: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Cooling
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Other: 1
See Remarks: 1
Sewer
Sewer - Public: 1
Other: 1
Parking Features
1 Space/Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 600
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 900
Avg SqFt: 900
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 1100
# Baths: 3
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 29th Street/Greenway
Directions: N on 29th street from Greenway. Subdivision of the W side of 29th. Enter through the main gate and keep going straight to unit on the right at end.
Geo Lat: 33.631603
Geo Lon: -112.021966
Status Change Info
Off Market Date: 2021-10-22
Under Contract Date: 2021-09-30
Close of Escrow Date: 2021-10-22
Sold Price: $525,000
Income Expenses
Gross Annual Sch Inc: 38400
Net Operating Income: 17433
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: Pool; Play Area
Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer
Heating: Individual; Heat Pump
Cooling: Electric; Heat Pump; Individual
Water Source: Other; See Remarks
Sewer: Sewer - Public; Other
Electric: APS; Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Add'l Parking Avail
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
New Financing: VA; Conventional
Environmental: None
Listing Office:
HomeSmart
Last Updated: December - 16 - 2025
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