3301 W HARMONT Drive, Phoenix, AZ 85051
$858,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$858,500
Last Modified:
5/16/2025
Description
Looking for a solid cash-flowing asset in Phoenix? This 4-plex is a must-see! Currently generating $4,000 per month in gross rental income from three fully-occupied units, this property offers a fantastic opportunity for investors looking to maximize returns.
But that's not all - there's huge potential for value-add! The fourth unit is available for house hacking, either by living in it yourself or renting it out for even more income. With the possibility of grossing $5,700 per month once the fourth unit is rented, this property is primed for cash flow expansion.
More Information MLS# 6802584
Contract Info
Current Price: $858,500
Sold Price: $858,500
Status: Closed
List Date: 2025-01-09
Ownership: Fee Simple
Location Tax Legal
House Number: 3301
Compass: W
Street Name: HARMONT
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6145
Country: US
County Code: Maricopa
Subdivision: NORTHERN LANAI UNIT 1
Assessor Number: 150-09-881
Tax Year: 2024
General Property Description
Lot Size Dimensions: 8,760 sq ft
Year Built: 1974
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: n/a
Flood Zone: TBD
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Remarks Misc
Cross Street: Northern Ave & 35th Ave
Geo Lat: 33.554591
Geo Lon: -112.130346
Status Change Info
Status Change Date: 2025-03-05
Off Market Date: 2025-02-04
Under Contract Date: 2025-01-31
Close of Escrow Date: 2025-03-05
Sold Price: $858,500
Legal Info
Township: 3N
Range: 2E
Section: 35
Lot Number: 14
Income Expenses
Gross Annual Sch Inc: 68400
Net Operating Income: 64617
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1350
Avg SqFt: 850
# Baths: 3
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1950
Avg SqFt: 1100
# Baths: 2
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: Other
Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced
Appliances Included: Refrigerator; Microwave
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Garage
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Realty ONE Group
Last Updated: May - 16 - 2025
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