3046 E MARCONI Avenue, Phoenix, AZ 85032
$1,050,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,050,000
Last Modified:
5/16/2025
Description
Phenomenal investor opportunity! Rare find, 7 unit apartment building including a large 3x2, one 2x1, three 1x1's and two studios. Community is adjacent to Palomino Park and convenient to both SR-51 & HWY-101, shopping and restaurants including Desert Ridge & Paradise Valley Mall.
Immediate cash flow with the flexibility to add value/increase rents. 100% occupied with quality long term tenants on month-to-month leases. Rental delinquency is zero.
Tiled living rooms, kitchens, baths, all units include washer and dryer hook-ups and are individually metered for electric. Balconies/patios and ample resident parking. Offer today!
Do not disturb tenants.
More Information MLS# 6225750
Contract Info
Current Price: $1,050,000
Sold Price: $1,050,000
Status: Closed
List Date: 2021-04-22
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: L35
House Number: 3046
Compass: E
Street Name: MARCONI
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8300
Country: US
County Code: Maricopa
Subdivision: CONTINENTAL PLAZA UNIT 2 LOTS 6-12
Assessor Number: 214-36-123
Tax Year: 2020
General Property Description
Lot Size Dimensions: 11,668 sqft
Year Built: 1984
Uncvrd Parking Spcs: 16
Total # of Units: 7
# of Buildings: 1
Zoning: R-3
Flood Zone: No
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Palomino Primary School
Jr. High School: Greenway Middle School
High School: Paradise Valley High School
Remarks Misc
Cross Street: Greenway Rd & 32nd St
Directions: West on Greenway Rd, North on 31st St, West on Marconi Ave. Building is on the NW corner.
Geo Lat: 33.631531
Geo Lon: -112.015816
Status Change Info
Status Change Date: 2021-05-14
Off Market Date: 2021-05-06
Under Contract Date: 2021-04-29
Close of Escrow Date: 2021-05-12
Sold Price: $1,050,000
Legal Info
Township: 3N
Range: 3E
Section: 2
Lot Number: 8
Income Expenses
Gross Annual Sch Inc: 71100
Net Operating Income: 60000
Efficiency Units
# Efficiency Units: 2
Avg Rent: 700
Avg SqFt: 480
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 758
Avg SqFt: 663
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 950
Avg SqFt: 779
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1300
Avg SqFt: 1428
# Baths: 2
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Cable TV Available; Patio/Balcony
Interior Amenities: Vertical Blinds
Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: On Street; >1 Space Per Unit; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: eXp Realty
Last Updated: May - 16 - 2025
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