2838 E LE MARCHE Avenue, Phoenix, AZ 85032

$540,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 300 Status: Active
Current Price: $540,000 Last Modified: 10/16/2026

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. 103 - $1600 101 - $1500 102 - $1400 201 - $1300 totaling $5,800 Gross Rent/monthly..

Listing Details MLS# 7094664

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

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

2 Bedroom Units

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

More Information

Structure

Bedrooms Total
8
Bathrooms Total
300

Income Expenses

Gross Annual Sch Inc
70392
Net Operating Income
62059

Showing Notification Methods

Showing Service
No Showing Service Used

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
Office Phone: 480-792-9500
Office Email: gremmers@fineprop.com
Last Updated: October - 16 - 2026
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