2819 E LE MARCHE Avenue, Phoenix, AZ 85032 (MLS# 6699028)

2819 E LE MARCHE Avenue, Phoenix, AZ 85032

$700,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 8 Status: Closed

Current Price: $700,000 Last Modified: 9/25/2026

Overview

Description

Centrally located north of Greenway between 28th and 29th Streets, surrounded by a community of 4 plexes north of the wondrous Phoenix Mountain Preserve. This gated community asset offers convenient access to the Lookout Mountain Trailhead within a three-mile radius. Its proximity to State Route 51 and major cross streets, such as Bell and Greenway Parkway, provides a simple commute to some of the top employment corridors the valley has to offer. Positioned 6.1 miles from both John C. Lincoln and Mayo Clinic Specialty, as well as a quick 14-minute drive to Desert Ridge Marketplace. Originally constructed in 1982, the property features a unit mix of all 2-bedroom, 2-bathroom units. One unit underwent renovation in 2023 (with an in-unit washer and dryer), leaving new ownership the

Listing Details MLS# 6699028

Location, Tax & Legal

House Number: 2819
Compass: E
Street Name: LE MARCHE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3750
Country: US
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-064
Tax Year: 2023
Assessor's Map #: 39
Legal Description (Abbrev): LOT 36 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 64
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1330
Legal: LOT 36 GREENWAY MANOR MCR 023347
Marketing Name: Palomino Point

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 65.5 Feet by 85.5 Feet
Year Built: 1982
Uncvrd Parking Spcs: 17
Total # of Units: 4
# of Buildings: Yes
Zoning: PAD-13
Flood Zone: No
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Campo Bello Elementary School
Jr. High School: Vista Verde Middle School
High School: Paradise Valley High School

Remarks Misc

Cross Street: 29th Street & E Greenway Road
Directions: North on 29th St from E Greenway Rd West on E Marconi Ave North on 28th Pl West on E Le Marche Ave

Status Change Info

Off Market Date: 2024-08-07
Under Contract Date: 2024-08-07
Close of Escrow Date: 2024-09-20

Legal Info

Township: 3N
Range: 3E
Section: 2
Lot Number: 36

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1246
Avg SqFt: 805
# Baths: 2

Structure

Bedrooms Total: 8
Bathrooms Total: 8

Income Expenses

Gross Annual Sch Inc: 59820
Net Operating Income: 45549

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

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

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Other: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Ins Exp: 1500
Annual Maint Exp: 435
Annual Mgmt Exp: 2310
Annual Wtr/Swr Exp: 2880
Owner Association: Yes
Annual Ownr Asoc Fee: 6936
Annual Rplcmnt Rsrvs: 600
Operating Exp: 15991
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 56829

Pmt & Rate Info

Cap Rate: 6.07
Equity: 750000
Down Payment %: 20
Monthly Payments: 3185
Total Owed: 0

Payment Includes

Principal: Yes
Interest: Yes

Lockbox Type

None: Yes

Community Features

Pool: Yes
Manager Res/Office: Yes
Clubhouse: Yes
Barbecue: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Satellite Dish: Yes
Patio/Balcony: Yes
Security Light(s): Yes
Guard Gate: Yes

Interior Features

Furnished: Yes
Fire/Smoke Alarm(s): Yes
Fire Sprinklers: Yes
Mini Blinds: Yes
Drapes: Yes
Shutters: Yes
Water Softener(s): Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
W/D Hookup: Yes

Road Access Type

Private Road: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

Other: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
>1 Space Per Unit: Yes

Electric

APS: Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes

New Financing

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

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Other Floors: Vinyl; Carpet Sale Includes: Building(s) Only Payment Includes: Principal; Interest Community Features: Pool; Manager Res/Office; Clubhouse; Barbecue Exterior Amenities: Desert Landscaping; Fenced; Satellite Dish; Patio/Balcony; Security Light(s); Guard Gate Interior Features: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers; Mini Blinds; Drapes; Shutters; Water Softener(s) Appliances Included: Refrigerator; Dishwasher; Microwave; W/D Hookup Heating: Individual Cooling: Ceiling Fan(s); Individual Water Source: Other Sewer: Sewer - Public Electric: APS Gas: Other (See Remarks) Parking Features: Carport; >1 Space Per Unit; Free Road Access Type: Private Road Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Marcus & Millichap

Last Updated: September - 25 - 2026