2522 W Palo Verde Drive, Phoenix, AZ 85017
$424,900
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$424,900
Last Modified:
11/13/2025
Description
4-Plex Investment Opportunity!
Discover this incredible value-add multifamily property featuring four 2-bed, 1-bath units across two duplex buildings at 2522 & 2528 W Palo Verde Dr, Phoenix, AZ 85017. Two units (2522 B & 2528 B) are currently rented at $840 and $780 per month, providing immediate income. The remaining two units are vacant and ready for renovation, offering great upside potential for increased rents or resale value. Located near GCU and major transportation routes, this property is perfect for investors seeking strong cash-flow potential in a high-demand rental area. With a little vision and improvement, this 4-plex can become a top performer in your portfolio!
More Information MLS# 6946557
Contract Info
Current Price: $424,900
List Price: $424,900
Status: Active
List Date: 2025-11-13
Ownership: Fee Simple
Location Tax Legal
House Number: 2522
Compass: W
Street Name: Palo Verde
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 2101
County Code: Maricopa
Subdivision: Bethany Main
Assessor Number: 153-05-054-A
Tax Year: 2024
General Property Description
Lot Size Dimensions: 14600
Year Built: 1959
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R3
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Elementary School: Alhambra Preschool Academy
Jr. High School: Alhambra Traditional School
High School: Alhambra High School
Remarks Misc
Cross Street: 27th Avenue & Bethany Home Road
Geo Lat: 33.522951
Geo Lon: -112.113539
Legal Info
Township: 2N
Range: 2E
Section: 13
Lot Number: 25
Income Expenses
Net Operating Income: 20837
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg SqFt: 864
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; None
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; Add'l Parking Avail
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Unknown
Special: Owner/Agent
Lockbox Type: Combo
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: HomeSmart
Last Updated: November - 13 - 2025
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