2446 E WALTANN Lane, Phoenix, AZ 85032

$507,500
Property Type: Multiple Dwellings Status: Closed
Current Price: $507,500 Last Modified: 6/17/2026

Overview

Description

This fully rented 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! All units are tenant occupied, please do not disturb tenants!

Listing Details MLS# 6211955

Location, Tax & Legal

Map Code/Grid
L35
House Number
2446
Compass
E
Street Name
WALTANN
St Suffix
Lane
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
3637
Country
US
County Code
Maricopa
Subdivision
GREENLEY PLACE
Assessor Number
214-40-192
Tax Year
2020
Assessor's Map #
40
Legal Description (Abbrev)
LOT 1 GREENLEY PLACE MCR 023442
Assessor's Parcel #
192
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103306
Taxes
1209
Legal
LOT 1 GREENLEY PLACE MCR 023442
Marketing Name
Greenley Place

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9755
Year Built
1982
Uncvrd Parking Spcs
6
Total # of Units
4
# of Buildings
Yes
Zoning
Multiple 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 on the Right side.

Status Change Info

Off Market Date
2021-07-14
Under Contract Date
2021-04-24
Close of Escrow Date
2021-06-21

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
31772
Net Operating Income
19977

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
659
Avg SqFt
920
# Baths
2

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
800
Avg SqFt
975
# Baths
2

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

Stucco
Yes

Roofing

Composition
Yes
Tile
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1300
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
2500
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
4240
Owner Association
Yes
Annual Ownr Asoc Fee
2376
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11625
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
30183.4

Pmt & Rate Info

Cap Rate
4.17
Down Payment
0
Equity
479000
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
Barbecue
Yes

Heating

Electric
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes
Pet Restrictions
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

Dedicated Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Submetered System
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
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 Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
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: Stucco Roofing: Composition; Tile Floors: Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Pet Restrictions Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal Cooling: Heat Pump Water Source: Submetered System Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Access Type: Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner 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 Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: June - 17 - 2026
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