1001 N 32ND Avenue, Phoenix, AZ 85009
$665,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$665,000
List Date:
8/15/2025
Last Modified:
11/11/2025
Description
Check out this cash flowing fourplex even at today's rates. Complex is located near mostly residential area near schools and within 5 miles of downtown Phoenix. All units have white shaker cabinets, 3 units have Quartz counters, 3 units have stainless steel appliances. 2 units have upgraded vinyl plank flooring and wood tile flooring. 2 units have new A/C units & water heaters that have been replaced in the last 3 years. All of the units have ceiling fans throughout. Units are individually metered. Property professionally managed. 2 vacant units are renovated, so you can live in one and the other rents pay your mortgage, or rent out both at market rent to cashflow. Similar property next door rents at $1400 / unit. Owner/ Agent.
More Information MLS# 6905241
Contract Info
Current Price: $665,000
List Price: $665,000
Status: Active
List Date: 2025-08-13
Ownership: Fee Simple
Location Tax Legal
House Number: 1001
Compass: N
Street Name: 32ND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 3458
County Code: Maricopa
Subdivision: EL RETIRO BLK 1, 2
Assessor Number: 109-14-044-B
Tax Year: 2024
General Property Description
Lot Size Dimensions: IRRxIRR
Year Built: 1984
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 1
Zoning: C1
Flood Zone: No
Elementary School District: Isaac Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 32nd Ave & Roosevelt
Directions: Take the I-10 West, exit 35th Ave, Head South to Roosevelt, Head East on Roosevelt Rd, Property located on corner of 32nd Ave & Roosevelt Rd.
Geo Lat: 33.458925
Geo Lon: -112.126991
Legal Info
Township: 1N
Range: 2E
Section: 2
Lot Number: 12
Income Expenses
Gross Annual Sch Inc: 63960
Net Operating Income: 57924
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1335
Avg SqFt: 630
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal; Interest; Taxes; Insurance
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Interior Features: Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Assigned
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV; Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: Other
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: November - 11 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.