2444 E WILLETTA Street 3, Phoenix, AZ 85008

$675,000

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

Current Price: $675,000 Last Modified: 11/03/2026

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

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

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: Land & Building 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 Special: Owner/Agent Lockbox Type: Other Existing 1st Loan: Other (See Rmks) New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Incyte Realty, LLC

Office Phone: 480-409-9900

Office Email: broker@venturerei.com

Last Updated: November - 03 - 2026