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2822 E KATHLEEN Road, Phoenix, AZ 85032
$530,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$530,000
Last Modified:
11/15/2025
Description
Kathleen 4 Units is part of a portfolio sale. This presents a rare opportunity to acquire two fourplexes with identical 2 bed/2 bath layouts, located in a quiet, well maintained North Phoenix neighborhood, offering streamlined and cost effective management. Each unit is individually metered and enjoys access to a gated community, grass common areas, and shared community pool. Ideally positioned near Paradise Valley Community College, Bell Road retail corridor, and major employment hubs along Loop 101 and SR-51. With current rent well below market, a new owner has a clear path to boost cash flow through rental increases and capitalize on the area's continued growth. Other address: 2813 E MONTE CRISTO AVE
More Information MLS# 6898947
Contract Info
Current Price: $530,000
Sold Price: $530,000
Status: Closed
List Date: 2025-07-30
Ownership: Fee Simple
Location Tax Legal
House Number: 2822
Compass: E
Street Name: KATHLEEN
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 7985
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-095
Tax Year: 2024
General Property Description
Lot Size Dimensions: 5048
Year Built: 1982
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: [PAD-13]
Flood Zone: No
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Remarks Misc
Cross Street: 29th Street & Greenway Road
Directions: East on Greenway Road, Left on 29th Street, North to complex entrance
Geo Lat: 33.630921
Geo Lon: -112.020872
Status Change Info
Off Market Date: 2025-11-15
Under Contract Date: 2025-09-15
Close of Escrow Date: 2025-11-14
Sold Price: $530,000
Legal Info
Township: 3N
Range: 3E
Section: 2
Lot Number: 67
Income Expenses
Gross Annual Sch Inc: 68676
Net Operating Income: 52326
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 735
Avg SqFt: 907
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: See Remarks
Const - Finish: Other (See Remarks)
Roofing: See Remarks
Floors: Other
Sale Includes: Land & Building
Community Features: Pool; Play Area
Exterior Amenities: Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: See Remarks
Heating: See Remarks
Cooling: Individual; See Remarks
Water Source: See Remarks
Sewer: See Remarks
Electric: APS; SRP; Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: See Remarks
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Other (See Remarks)
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: Compass
Last Updated: November - 15 - 2025
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