2838 E LE MARCHE Avenue, Phoenix, AZ 85032

$640,000
Property Type: Multiple Dwellings Status: Active
Current Price: $640,000 Last Modified: 5/17/2026

Overview

Description

Investor's Delight for CASH FLOW! All units rented, 2br/2ba each for 3 Units with inside laundry. Unit 103 is a 1.5ba. Ideal location to schools close by, Loop 101 and 51, Desert Ridge, Scottsdale & Downtown Phoenix, DRIVE BY ONLY, DO NOT DISTURB TENANTS. There are 4 Leased Units that are each 2 Bedrooms. Average Rent is $1,467 per Unit., totaling $5,866 Gross Rent/monthly..

Listing Details MLS# 6978806

Location, Tax & Legal

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
2025
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
1406
Legal
LOT 18 GREENWAY MANOR MCR 023347
Marketing Name
Greenway Manor

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 St, N to Marconi/Entrance to Palomino Point. Straight to stop sign, N on 28th Place, E on Le Marche Ave to Bldg 18

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
18

Income Expenses

Gross Annual Sch Inc
70392
Net Operating Income
62059

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1467
Avg SqFt
900
# Baths
75

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

Land & Building
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
0
Operating Exp
1406
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
70392

Pmt & Rate Info

Cap Rate
9.55
Equity
650000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

See Private Remarks
Yes
None
Yes

Community Features

Pool
Yes
Play Area
Yes
Barbecue
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
Heat Pump
Yes

Exterior Amenities

Cable TV Available
Yes
Sidewalk(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Water
Yes
Electricity
Yes

Appliances Included

Built-In Electric Oven
Yes
Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Accountant
Yes
Tax Return
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
<1 Space Per Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Landscaping
Yes
Pool Maintenance
Yes
See Remarks
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes

Special

Incorporated Area
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

Reports/Disclosures

None
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: Land & Building Community Features: Pool; Play Area; Barbecue Exterior Amenities: Cable TV Available; Sidewalk(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Disposal; Washer/Dryer; W/D Hookup Heating: Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; <1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping; Pool Maintenance; See Remarks Tenant Pays: Water; Electricity Source of Fincl Data: Owner; Accountant; Tax Return Special: Incorporated Area Lockbox Type: See Private Remarks; 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 New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None
IDX
Listing Office: Re/Max Fine Properties
Last Updated: May - 17 - 2026
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