2838 E LE MARCHE Avenue, Phoenix, AZ 85032

$515,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $515,000 Last Modified: 7/20/2026

Overview

Description

ATTENTION INVESTORS! Here is your cash flow cow! Performing CAP IS 4.7%!! This 4plex in North Phoenix is ready for you to take over. All units fully rented with great tenants & rental history (only 0 days of vacancy in last 2 years). All units are large 2 bedroom 2 bath with inside laundry hookups all with recent upgrades. 3 of the 4 units partial remodeled.. Unit 101 new carpeting in master, and main bath, new toilet, new bath, new surround, new plumbing, (bath).Unit 103 main bath new toilet remodeled new tub, tub surround, faucet, vanity, and fresh paint. Unit 102 New sink,, new faucet,, new vanity in master, and paint garbage disposal, vinyl flooring, DRIVE BY ONLY!

Listing Details MLS# 6272989

Location, Tax & Legal

Map Code/Grid
L35
House Number
2838
Compass
E
Street Name
LE MARCHE
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
8305
Country
US
County Code
Maricopa
Subdivision
GREENWAY MANOR
Assessor Number
214-39-046
Tax Year
2020
Assessor's Map #
39
Legal Description (Abbrev)
LOT 18 GREENWAY MANOR MCR 023347
Assessor's Parcel #
46
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103306
Taxes
1290
Legal
LOT 18 GREENWAY MANOR MCR 023347
Marketing Name
Great Investment

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
5808
Year Built
1982
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
MULTI
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District

Remarks Misc

Cross Street
32nd St & Greenway
Directions
West to 29th Street, N to Marconi/Entrance to Palomino Pointe, Straight to stop sign, North on 28th Place, East on E Le Marche Ave to Building 18.

Status Change Info

Off Market Date
2021-09-08
Under Contract Date
2021-09-07
Close of Escrow Date
2021-09-30

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
18

More Information

Income Expenses

Gross Annual Sch Inc
36468
Net Operating Income
22326

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
759.75
# Baths
2

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

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
8508
Operating Exp
9798
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
34644.6

Pmt & Rate Info

Cap Rate
4.47
Equity
499999
Down Payment %
0
Monthly Payments
1180.95
Total Owed
0

Community Features

Pool
Yes
Play Area
Yes
Barbecue
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

Appliances Included

Dishwasher
Yes
Free-Standing Range
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
Paved
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
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: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl; Carpet Sale Includes: Building(s) Only Community Features: Pool; Play Area; Barbecue Exterior Amenities: Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Dishwasher; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Water; Sewer; Trash Collection Source of Fincl Data: Owner Existing 1st Loan: Conventional New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: RE/MAX Professionals
Last Updated: July - 20 - 2026
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