2801 E PARADISE Lane, Phoenix, AZ 85032

$550,000
Property Type: Multiple Dwellings Status: Active
Current Price: $550,000 Last Modified: 7/11/2026

Overview

Description

Amazing opportunity! 4 Plex!! Amazing location! Each Unit is a 2 bed, 2 bath, with laundry hookups. HOA includes water/sewer/trash, community pool and landscaping. Units are individually metered for electric.

Listing Details MLS# 7052991

Location, Tax & Legal

House Number
2801
Compass
E
Street Name
PARADISE
St Suffix
Lane
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
3791
Country
US
County Code
Maricopa
Subdivision
GREENWAY MANOR
Assessor Number
214-39-051-A
Tax Year
2025
Assessor's Map #
39
Legal Description (Abbrev)
LOT 23 GREENWAY MANOR MCR 023347
Assessor's Parcel #
51
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103306
Taxes
1466
Legal
LOT 23 GREENWAY MANOR MCR 023347
Marketing Name
Palomino Pointe

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10,965
Year Built
1982
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
Multi
Flood Zone
No
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District
High School
Paradise Valley High School

Remarks Misc

Cross Street
Cave Creek Rd & Greenway Pkwy
Directions
West on Greenway to 29th St, North on 29th St. to E.Marconi ave, West, through the gate to 28th place. Go North to Paradise Lane, then east to property.

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
23

Income Expenses

Gross Annual Sch Inc
72600
Net Operating Income
63017

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
800
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
850
# Baths
2

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
950
# Baths
3

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Other (See Remarks)
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
0
Owner Association
Yes
Annual Ownr Asoc Fee
9583
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11049
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
68970
Total Monthly Rental Income
6050

Pmt & Rate Info

Cap Rate
12.36
Down Payment
0
Equity
510000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

Pool
Yes
Play Area
Yes
Barbecue
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Landscape Water System
Yes
Desert Landscaping
Yes
Patio/Balcony
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
W/D Hookup
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/Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Other
Yes
See Remarks
Yes

New Financing

Cash
Yes
Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl; Carpet Sale Includes: Other (See Remarks) Community Features: Pool; Play Area; Barbecue Exterior Amenities: Landscape Water System; Desert Landscaping; Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Refrigerator; Dishwasher; Disposal; W/D Hookup Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: Keller Williams Arizona Realty
Last Updated: July - 11 - 2026
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