2832 E LE MARCHE Avenue, Phoenix, AZ 85032
$590,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$590,000
Last Modified:
5/22/2025
Description
This turnkey 4-plex in North Central Phoenix features a fantastic mix of all 2 bed + 2 bath units with three ground level and one upper unit. Tenants love the large interiors with modern layouts, private patios/balconies, full size kitchen appliances, and stack washer/dryer. Three units tastefully refreshed with new carpet, vinyl, bath fixtures, & paint. Tenants pay individually metered electricity, water, and cable (no gas), while the owner just pays the HOA dues (incld: sewer, trash, lighting, landscaping, security gate & patrols, and the community pool). Each standalone building in the community has 4 covered parking spaces and additional uncovered spaces. Lots of capital improvements including full exterior repaint, new AC units, new hot water heaters, and more.
More Information MLS# 6704434
Contract Info
Current Price: $590,000
Sold Price: $590,000
Status: Closed
List Date: 2024-05-10
Ownership: Fee Simple
Location Tax Legal
House Number: 2832
Compass: E
Street Name: LE MARCHE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3751
Country: US
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-047
Tax Year: 2023
General Property Description
Lot Size Dimensions: 89x55
Year Built: 1982
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: MULTI FAMILY
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Palomino Primary School
High School: Paradise Valley High School
Remarks Misc
Cross Street: GREENWAY & 29TH STREET
Directions: From Greenway go North on 29th street. Left on Marconi into complex. Drive through the gate, then right (north) on 28th place. Building #19 is on the Northeast corner of 28th place and Le Marche.
Geo Lat: 33.63302
Geo Lon: -112.02068
Status Change Info
Status Change Date: 2024-06-26
Off Market Date: 2024-05-20
Under Contract Date: 2024-05-25
Close of Escrow Date: 2024-06-25
Sold Price: $590,000
Legal Info
Township: 3N
Range: 3E
Section: 2
Lot Number: 19
Income Expenses
Gross Annual Sch Inc: 54000
Net Operating Income: 28699
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1130
Avg SqFt: 904
# 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: Wood Frame
Const - Finish: Stucco
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: Pool; Spa(s); Play Area; Barbecue
Exterior Amenities: Patio/Balcony
Interior Amenities: Unfurnished; Vertical Blinds; Mini Blinds
Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport
Owner Pays: Other; See Remarks
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Trms: Not Applicable
New Financing: VA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: HomeSmart
Last Updated: May - 22 - 2025
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