2722 E MARCONI Avenue, Phoenix, AZ 85032

$135,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $135,000 Last Modified: 7/20/2026

Overview

Description

Investment Opportunity. 4-Plex rehabed 2 years ago. New kitchens, carpet, paint, A/C units, etc. Each unit has appliances(not washer/dryer) that move with the property and each unit has washer/dryer hookup. Owner presently pulls in $1,980 in rent against $480 of expenses per month.

Listing Details MLS# 4821667

Location, Tax & Legal

Map Code/Grid
L35
House Number
2722
Compass
E
Street Name
MARCONI
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
3573
Country
US
County Code
Maricopa
Subdivision
Andrea Villas
Assessor Number
214-40-179
Tax Year
2011
Assessor's Map #
40
Legal Description (Abbrev)
ANDREA VILLAS LOT 1-16
Assessor's Parcel #
179
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103306
Taxes
886
Legal
ANDREA VILLAS MCR 233-6
Marketing Name
Andrea Villas

Contract Info

Ownership
Fee Simple

General Property Description

Year Built
1984
Uncvrd Parking Spcs
4
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
Palomino Primary School
Jr. High School
Greenway High School
High School
North Canyon High School
Lot Size Dimensions
No

Remarks Misc

Cross Street
Cave Creek & Greenway PKWY
Directions
North on Cave Creek. East on Paradise Lane. Right (south) on 27th St. Left on to Marconi.

Status Change Info

Off Market Date
2012-10-26
Under Contract Date
2012-10-23
Close of Escrow Date
2012-11-28

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
4

More Information

Income Expenses

Net Operating Income
15045

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
450
Avg SqFt
700
# Baths
Yes

Contact Info

List Agent Home Phn
480-488-0042

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

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
968
Annual Land Lse Exp
0
Annual Landscape Exp
840
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
1620
Annual Wtr/Swr Exp
1620
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
5934
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Cap Rate
9.43
Down Payment
0
Equity
159500
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Other
Yes
See Remarks
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Cable TV Available
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Paved
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Trash Collection
Yes
Landscaping
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

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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Concrete; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Desert Landscaping; Cable TV Available Appliances Included: Other Cooling: Electric Water Source: City Franchise 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 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: Conventional Environmental: None
IDX
Listing Office: RE/MAX Fine Properties
Last Updated: July - 20 - 2026
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