4401 N 53RD Lane, Phoenix, AZ 85031 (MLS# 7071204)

4401 N 53RD Lane, Phoenix, AZ 85031

New Listing

$550,000

01_001 North 53rd Lane- Virtual Twilight

02_008 North 53rd Lane- Virtual Twilight

Property Type: Multiple Dwellings Bedrooms: 9 Baths: 8 Status: Active

Current Price: $550,000 List Date: 9/01/2026 Last Modified: 9/01/2026

Overview

Description

GREAT MULTI-UNIT INVESTMENT PROPERTY! 100% occupancy. Four units with private entrances, spacious floor plans, and ample parking. Updates include 3 updated showers, hot water heaters, & exterior paint. Unit 3 and 4 have a shared balcony. Unit 1 and 2 have spacious fenced patios. Each unit has a garage. Unit 1 has a two car garage. Regular maintenance performed. Property is walking distance to school, medical, shopping, Walmart, library, park, & more! Quick access to highway 17 and the 60!! Tenants' rights apply, do not disturb tenants.

Listing Details MLS# 7071204

Location, Tax & Legal

House Number: 4401
Compass: N
Street Name: 53RD
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85031
Zip4: 1926
Country: US
County Code: Maricopa
Subdivision: PARKWAY VILLAGE
Assessor Number: 144-44-066
Tax Year: 2025
Building Number: Yes
Assessor's Map #: 44
Legal Description (Abbrev): LOT 20 PARKWAY VILLAGE MCR 015609
Assessor's Parcel #: 66
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109400
Taxes: 2837
Legal: LOT 20 PARKWAY VILLAGE MCR 015609
Marketing Name: Parkway Village

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8371
Year Built: 1973
Total # of Units: 4
# of Buildings: Yes
Zoning: MULTI
Elementary School District: Cartwright Elementary District
High School District: Phoenix Union High School District
Elementary School: John F. Long
Jr. High School: Marc T. Atkinson Middle School & Gifted Academy
High School: Maryvale High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 51AVE/CAMPBELL
Directions: From Maryvale, turn onto Turney. Turn right onto 53rd Lane. Corner property.

Legal Info

Township: 2N
Range: 2E
Section: 20
Lot Number: 20
Cnty Rcrd Bk & Pg #: 15609

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 986
Avg SqFt: 1000
# Baths: 2

More Information

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 975
Avg SqFt: 1300
# Baths: 2

Structure

Bedrooms Total: 9
Bathrooms Total: 8

Income Expenses

Gross Annual Sch Inc: 47328
Net Operating Income: 27600

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3778
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2400
Owner Association: Yes
Annual Ownr Asoc Fee: 4428
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 13443
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 47328
Total Monthly Rental Income: 3944

Pmt & Rate Info

Cap Rate: 5.02
Down Payment: 0
Equity: 550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Breakfast Bar: Yes

Tenant Pays

Water: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Built-In Range: Yes
W/D Hookup: Yes

Road Access Type

Alley: Yes
Private Road: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
On Street: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Vertical Blinds; Breakfast Bar Appliances Included: Built-In Range; Dishwasher; Disposal; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Garage; On Street; Add'l Parking Avail; Paved Road Access Type: Alley; Private Road Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Water; Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None

Listing Office: eXp Realty

Last Updated: September - 01 - 2026