2433 E WALTANN Lane, Phoenix, AZ 85032

$462,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $462,000 List Date: 12/09/2020 Last Modified: 6/17/2026

Overview

Description

This four-plex is an investment opportunity you won't want to miss out on! The property is in an incredible location in a quiet cul-de-sac nearby restaurants, convenience stores, hiking trails and easy access to the 51 Freeway! Three of the four units are 2 bedrooms and one unit is a 3 bedroom! All units are tenant occupied, please do not disturb tenants!

Listing Details MLS# 6164933

Location, Tax & Legal

Map Code/Grid
L35
House Number
2433
Compass
E
Street Name
WALTANN
St Suffix
Lane
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
3631
Country
US
County Code
Maricopa
Subdivision
GREENLEY PLACE
Assessor Number
214-40-197
Tax Year
2020
Assessor's Map #
40
Legal Description (Abbrev)
LOT 6 GREENLEY PLACE MCR 023442
Assessor's Parcel #
197
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103306
Taxes
1160
Legal
LOT 6 GREENLEY PLACE MCR 023442
Marketing Name
Greenley Place

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9343
Year Built
1982
Uncvrd Parking Spcs
3
Total # of Units
4
# of Buildings
Yes
Zoning
Multi-Family
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District
Elementary School
Aire Libre Elementary School
Jr. High School
Greenway Middle School
High School
North Canyon High School

Remarks Misc

Cross Street
25th St & Greenway Pkwy
Directions
South on 25th St then West on Waltann Ln to property.

Status Change Info

Off Market Date
2021-02-09
Under Contract Date
2020-12-29
Close of Escrow Date
2021-01-22

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
6

More Information

Income Expenses

Gross Annual Sch Inc
33120
Net Operating Income
24688

2 Bedroom Units

# 2 Bedroom Units
3
Avg SqFt
712
# Baths
Yes
Avg Rent
0

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg SqFt
925
# Baths
2
Avg Rent
0

Contact Info

List Agent Home Phn
602-628-1860
List Agent Hme Phn 2
602-628-1860
List Agent Cell Phn2
602-628-1860

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

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes
Tile
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
4400
Owner Association
Yes
Annual Ownr Asoc Fee
2370
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
7930
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
31464

Pmt & Rate Info

Cap Rate
5.26
Down Payment
0
Equity
469000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Partially Fenced
Yes
Separate Storage
Yes

Interior Features

Mini Blinds
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

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Tile Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Separate Storage Interior Features: Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: June - 17 - 2026
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