4940-4944 E HOLLY Street, Phoenix, AZ 85008
$665,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$665,000
Last Modified:
7/31/2025
Description
CASH FLOW OPPORTUNITY! Rare opportunity to purchase a fully occupied extremely well-maintained 8 units (Total of 2 Fourplexes) in highly desirable area of South Arcadia. The area is going through some major changes with new construction of Townhomes and luxury apartments. All units are 2 bedrooms/One Bathroom individually metered for electric. Very well-kept units with long term occupants. Multiple improvements completed during the past few years... newer Dual pane windows throughout, New roof still under transferable warranty and updated tile flooring throughout all units
More Information MLS# 5707325
Contract Info
Current Price: $665,000
Sold Price: $665,000
Status: Closed
List Date: 2018-01-11
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P36
House Number: 4940-4944
Compass: E
Street Name: HOLLY
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 3321
County Code: Maricopa
Subdivision: ORANGEDALE TRACT 11,13,14,15
Assessor Number: 126-18-016-P
Tax Year: 2017
General Property Description
Lot Size Dimensions: IRR
Year Built: 1974
Uncvrd Parking Spcs: 3
Total # of Units: 8
# of Buildings: 2
Zoning: 4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 48th Street & Thomas
Directions: South on 48th Street, East on Holly Street
Geo Lat: 33.470315
Geo Lon: -111.97438
Status Change Info
Off Market Date: 2018-01-15
Under Contract Date: 2018-01-15
Close of Escrow Date: 2018-02-16
Sold Price: $665,000
Legal Info
Township: 2N
Range: 4E
Section: 32
Lot Number: 10
Income Expenses
Gross Annual Sch Inc: 62028
Net Operating Income: 49459.56
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 646
Avg SqFt: 800
# Baths: 1
Contact Info
List Agent Home Phn: 602-882-4921
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Foam
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Central; Heat Pump
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: Super Fund/WQARF/DOD
Listing Office: Coldwell Banker Realty
Last Updated: July - 31 - 2025
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