4431 N 53RD Lane, Phoenix, AZ 85031
$705,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$705,000
List Date:
7/31/2023
Last Modified:
5/08/2025
Description
Great investment opportunity. All four units are currently tenant-occupied, providing immediate income to the prospective owner. This established rental history assures a stable and reliable cash flow. Three out of the four units have undergone renovations, while three out of the four AC units have been replaced. Additionally, the property features new landscaping, and recently replaced roof. Buyer to verify all facts and figures.
More Information MLS# 6585066
Contract Info
Current Price: $705,000
Sold Price: $705,000
Status: Closed
List Date: 2023-07-26
Ownership: Fee Simple
Location Tax Legal
House Number: 4431
Compass: N
Street Name: 53RD
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85031
Country: US
County Code: Maricopa
Subdivision: PARKWAY VILLAGE
Assessor Number: 144-44-058
Tax Year: 2022
General Property Description
Lot Size Dimensions: IRR
Year Built: 1973
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: M-H
Elementary School District: Cartwright Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 51st Ave & Camelback
Directions: 51st Ave south of Camelback. West to 53rd lane, then south to property.
Geo Lat: 33.501541
Geo Lon: -112.173997
Status Change Info
Status Change Date: 2023-10-24
Off Market Date: 2023-10-20
Under Contract Date: 2023-09-08
Close of Escrow Date: 2023-10-23
Sold Price: $705,000
Legal Info
Township: 2N
Range: 2E
Section: 20
Lot Number: 12
Income Expenses
Gross Annual Sch Inc: 43062
Net Operating Income: 35953
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1044
Avg SqFt: 1026
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1220
Avg SqFt: 1430
# Baths: 2
Sold Info
Loan Type: Conventional
Payment Type: Other
Closing Cost Split: Buyer - B
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator; Microwave; W/D Hookup
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: None
Parking Features: Garage; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: HomeSmart
Last Updated: May - 08 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.