2330 W LONE CACTUS Drive, Phoenix, AZ 85027

$1,675,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,675,000 Last Modified: 9/19/2025

Overview

Description

This 12 unit property is an investor's dream! 100% occupied and all units are 2 bedroom 2 baths. Units average 864 square feet. There have been major renovations in the last few years. Property is performing well and there is room for upside.

Listing Details MLS# 6180387

Location, Tax & Legal

Map Code/Grid
K33
House Number
2330
Compass
W
Street Name
LONE CACTUS
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85027
Zip4
2535
Country
US
County Code
Maricopa
Subdivision
BLACK CANYON HEIGHTS
Assessor Number
209-07-023-D
Tax Year
2020
Assessor's Map #
7
Legal Description (Abbrev)
LOT 23 BLACK CANYON HEIGHTS MCR 005614
Assessor's Parcel #
23
Assessor Parcel Ltr
D
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
614700
Taxes
3874
Legal
LOT 23 BLACK CANYON HEIGHTS MCR 005614
Marketing Name
none

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
13094
Year Built
1983
Uncvrd Parking Spcs
15
Total # of Units
12
# of Buildings
Yes
Zoning
Multi
Elementary School District
Deer Valley Unified District
High School District
Deer Valley Unified District

Remarks Misc

Cross Street
Deer Valley/ 23rd Ave
Directions
South on 23rd Ave West on Lone Cactus, on the north side of the street

Status Change Info

Off Market Date
2021-08-02
Under Contract Date
2021-05-03
Close of Escrow Date
2021-07-30

Legal Info

Township
4N
Range
2E
Section
24
Lot Number
23

More Information

Income Expenses

Gross Annual Sch Inc
129600
Net Operating Income
98846

2 Bedroom Units

# 2 Bedroom Units
12
Avg Rent
900
Avg SqFt
864
# Baths
2

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Rolled
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes
Land & Building
Yes

Income & Expenses

Annual Elec Exp
2400
Annual Ins Exp
3500
Annual Land Lse Exp
0
Annual Landscape Exp
1200
Annual Legal & Acctg
400
Annual Trash Exp
4400
Annual Wtr/Swr Exp
8500
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
24274
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
123120

Pmt & Rate Info

Cap Rate
5.57
Equity
1775000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Individual
Yes

Exterior Amenities

Cable TV Available
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Paved
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Rolled Floors: Vinyl; Carpet Sale Includes: Building(s) Only; Land & Building Community Features: No Pool Exterior Amenities: Cable TV Available Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Cooling: Ceiling Fan(s); Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Century 21 Arizona Foothills
Last Updated: September - 19 - 2025
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