8124 N 33RD Drive, Phoenix, AZ 85051
$764,900
Property Type:
Multiple Dwellings
Status:
UCB (Under Contract-Backups)
Current Price:
$764,900
Last Modified:
6/19/2025
Description
FANTASTIC 4-PLEX INVESTMENT OPPORTUNITY~ALL UNITS UPDATED~ALL HVAC's have been REPLACED in 2014 & 2025~ALL newer DUAL-PANED-WINDOWS~Building-exterior was FULLY-PAINTED in 2024 & hot-waters-heaters replaced in 2023~Property is FULLY-OCCUPIED as of list-date & some units w/LONG-TERM Tenants~2024 Q4 CAP RATE was over 6%~Building has been PROFESSIONALLY MANAGED for years~HOA is of value here at ONLY $130 per month & includes regular-yard-maintenance~EXCLUSIVE to this building is COIN-OPERATED, LAUNDRY-ROOM, which brings in monthly-other-income~OWNER through PM took PRIDE in the property w/VALUE-ADD, POTENTIAL for increased CASH-FLOW by taking advantage of this UNTAPPED, potential through improvements, monthly income could SURPASS $6k~
Supplements: Front-facing, ground-floor unit is 3 bd/2 bath w/wood-look, vinyl-plank & tile flooring, wood-burning fireplace in living-room, open kitchen w/adjoining, formal dining or flex-space, slider-door leads to private, fenced, yard-area~Side-yard-facing, ground-floor unit is 2 bd/1 bath w/similar finishes & private, fenced, yard-area~Unit 3 is second-floor and is also, 2 bd/1 bath, similar finishes w/private-rear balcony & shared front-balcony~Unit 4 is second-floor and is also, 2 bd/1 bath w/similar-finishes~ALL units have storage-locker-cabinets in communal, shared, 4-car-garage & ea. unit has one-space in garage, plus there are two-additional, open-parking-spaces assigned to this building~On-site, coin-operated laundry room, provides Owner w/additional monthly-other-income~
More Information MLS# 6848265
Contract Info
Current Price: $764,900
List Price: $764,900
Status: UCB (Under Contract-Backups)
List Date: 2025-04-08
Ownership: Fee Simple
Location Tax Legal
House Number: 8124
Compass: N
Street Name: 33RD
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6110
County Code: Maricopa
Subdivision: NORTHERN LANAI UNIT 1
Assessor Number: 150-09-898
Tax Year: 2024
General Property Description
Lot Size Dimensions: 82.86x110.18x60.09x15.89x191.88
Year Built: 1974
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: R-5
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Washington Elementary School
Jr. High School: Palo Verde Middle School
High School: Glendale High School
Remarks Misc
Cross Street: 35th Ave & Northern
Directions: North on 33rd Ave., to Harmont, West to 33rd Dr., property on West side
Geo Lat: 33.555924
Geo Lon: -112.130835
Legal Info
Township: 3N
Range: 2E
Section: 35
Lot Number: 31
Income Expenses
Gross Annual Sch Inc: 50700
Net Operating Income: 54250
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1257
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1850
Avg SqFt: 1122
# Baths: 2
Contact Info
List Agent Home Phn: 602-795-0341
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Building(s) Only; Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Green Landscaping; Cable TV Available; Patio/Balcony; Separate Storage
Interior Amenities: Unfurnished; Vertical Blinds; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Individual; Heat Pump
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Garage; On Street; 1 Space/Unit; Garage Door Opener; Add'l Parking Avail; Assigned; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: CTS Realty
Last Updated: June - 19 - 2025
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