2444 E WILLETTA Street 3, Phoenix, AZ 85008 (MLS# 7082358)

2444 E WILLETTA Street 3, Phoenix, AZ 85008

$695,000

Property Type: Multiple Dwellings Bedrooms: 6 Baths: 6 Status: Active

Current Price: $695,000 Last Modified: 9/18/2026

Overview

Description

Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture upside while maintaining occupancy stability.

Supplements: Each unit is equipped with central air conditioning, tile flooring, or laminate and white cabinetry, stainless steal appliances, and all units feature private backyard spaces--an amenity that differentiates the asset from competing properties and supports tenant retention. The property has undergone recent exterior capital improvements, including n ... (Read more)

Listing Details MLS# 7082358

Location, Tax & Legal

House Number: 2444
Compass: E
Street Name: WILLETTA
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4653
Country: US
County Code: Maricopa
Subdivision: DEL REY LOTS 101-140
Assessor Number: 121-78-035-A
Tax Year: 2025
Unit #: 3
Assessor's Map #: 78
Legal Description (Abbrev): DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
Assessor's Parcel #: 35
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113501
Taxes: 1050
Legal: DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
Marketing Name: Four on Willetta

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irr
Year Built: 1981
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: McDowell and 24th Street

Legal Info

Lot Number: 32

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 475
# Baths: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1350
Avg SqFt: 675
# Baths: 2

Structure

Bedrooms Total: 6
Bathrooms Total: 6

Income Expenses

Gross Annual Sch Inc: 58140
Net Operating Income: 40532

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Other Type

Other (See Remarks): Yes

Construction

Wood Frame: Yes
Other: Yes
See Remarks: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Tile: Yes

Sale Includes

Other (See Remarks): Yes

Income & Expenses

Annual Ins Exp: 2500
Annual Landscape Exp: 1000
Annual Maint Exp: 3000
Annual Mgmt Exp: 4651
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 14701
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 55233
Total Monthly Rental Income: 4845

Pmt & Rate Info

Cap Rate: 5.83
Equity: 695000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Other: Yes

Community Features

Other: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Interior Features

Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Refrigerator: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Other: Yes

Electric

SRP: Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Other (See Rmks): Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Other Type: Other (See Remarks) Construction: Wood Frame; Other; See Remarks Const - Finish: Stucco Roofing: Composition Floors: Laminate; Tile Sale Includes: Other (See Remarks) Community Features: Other Interior Features: Vertical Blinds; Mini Blinds Appliances Included: Refrigerator Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: Other (See Remarks) Parking Features: Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Lockbox Type: Other Existing 1st Loan: Other (See Rmks) New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Incyte Realty, LLC

Last Updated: September - 18 - 2026