4021 E MORELAND. Street, Phoenix, AZ 85008
$805,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$805,000
Last Modified:
2/12/2026
Description
ONLY FOR SEASONED INVESTORS- 6.6 CAP RATE -Moreland 4 apartments offers an investor the opportunity to acquire a 4 unit (All units are 2BR/1BA), workforce housing apartment community that was built in 1970 and significantly renovated. The property is individually metered, extensively landscaped and has single story units. The recently completed renovation (2020) included exterior and interior paint, windows, roof, electrical and electrical panels, appliances, AC units and ductwork, plumbing, insulation, drywall, backsplash, executive closets. fans. The units also have individual private patios and front security screen doors.
Phoenix Sky Harbor International Airport is approximately 2 miles due south of The
Belleview 8. Camelback Corridor
Supplements: Camelback Corridor and Old Town Scottsdale are short drive away and the property enjoys being adjacent to the 44th Street Office Corridor. Immediate neighbors include the proposed QST Data Center Campus which is expected to be 2 million square feet upon completion, as well as Skyway 202 Business Park which is a proposed 1 million square foot flex and corporate office business park
More Information MLS# 6299702
Contract Info
Ownership: Fee Simple
Current Price: $805,000
Sold Price: $805,000
Status: Closed
List Date: 2021-09-28
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): LOT 32 WHISPERING SANDS MCR 008305
Assessor's Parcel #: 34
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113700
Taxes: 951
Legal: LOT 32 WHISPERING SANDS MCR 008305
Marketing Name: WHISPERING SANDS
Map Code/Grid: Q36
House Number: 4021
Compass: E
Street Name: MORELAND.
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 5532
County Code: Maricopa
Subdivision: WHISPERING SANDS
Assessor Number: 125-20-034
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 82' x 94'
Total # of Units: 4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1970
Zoning: R-4
Legal Info
Range: 4E
Section: 6
Township: 1N
Lot Number: 32
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Other: 1
Sale Includes
Other (See Remarks): 1
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: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 951
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 56280
Pmt & Rate Info
Cap Rate: 6.65
Down Payment: 0
Equity: 809900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Other: 1
See Remarks: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Refrigerator: 1
W/D Hookup: 1
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Other: 1
See Remarks: 1
Sewer
Other: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Other: 1
Electric
Other (See Remarks): 1
Gas
SW Gas: 1
Other (See Remarks): 1
Owner Pays
Water: 1
Trash Collection: 1
Other: 1
See Remarks: 1
New Financing
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 1050
1 Bedroom Units
Avg Rent: 1050
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1050
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 1050
4 Bedrooms Units
Avg Rent: 1050
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: MCDOWELL & 40TH ST
Directions: South on 40th street, East on Moreland to property.
Geo Lat: 33.461153
Geo Lon: -111.993903
Status Change Info
Off Market Date: 2021-11-18
Under Contract Date: 2021-11-18
Close of Escrow Date: 2021-12-01
Sold Price: $805,000
Income Expenses
Gross Annual Sch Inc: 56280
Net Operating Income: 53888
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Other
Sale Includes: Other (See Remarks)
Community Features: No Pool; Other; See Remarks
Appliances Included: Refrigerator; W/D Hookup; Other
Heating: Other; See Remarks
Cooling: Other; See Remarks
Water Source: Other; See Remarks
Sewer: Other
Electric: Other (See Remarks)
Gas: SW Gas; Other (See Remarks)
Parking Features: On Street; >1 Space Per Unit; Other
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Other; See Remarks
Tenant Pays: Electricity; Cable TV; Other (See Remarks)
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange; Other (See Remarks)
Environmental: Other (See Remarks)
Documents
OFFERING MEMORANDUM ›
Listing Office:
Cluff Real Estate LLC
Last Updated: February - 12 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.