8124 N 33rd Drive, Phoenix, AZ 85051
- $759,000
- Sold Price
- $759,000
- List Price
- $764,900
- Closing Date
- Jul 21, 2025
- Days on Market
- 105
- Status
- CLOSED
- MLS#
- 6848265
- City
- Phoenix
- Subdivision
- Northern Lanai Unit 1
- Year Built
- 1974
Property Description
FANTASTIC 4-PLEX INVESTMENT OPPORTUNITY~ALL UNITS UPDATED~ALL HVAC's have been REPLACED in 2014 & 2025~ALL newer DUAL-PANED-WINDOWS~Building-exterior was FULLY-PAINTED in 2024 & hot-waters-heaters replaced in 2023~Property is FULLY-OCCUPIED as of list-date & some units w/LONG-TERM Tenants~2024 Q4 CAP RATE was over 6%~Building has been PROFESSIONALLY MANAGED for years~HOA is of value here at ONLY $130 per month & includes regular-yard-maintenance~EXCLUSIVE to this building is COIN-OPERATED, LAUNDRY-ROOM, which brings in monthly-other-income~OWNER through PM took PRIDE in the property w/VALUE-ADD, POTENTIAL for increased CASH-FLOW by taking advantage of this UNTAPPED, potential through improvements, monthly income could SURPASS $6k~ Front-facing, ground-floor unit is 3 bd/2 bath w/wood-look, vinyl-plank & tile flooring, wood-burning fireplace in living-room, open kitchen w/adjoining, formal dining or flex-space, slider-door leads to private, fenced, yard-area~Side-yard-facing, ground-floor unit is 2 bd/1 bath w/similar finishes & private, fenced, yard-area~Unit 3 is second-floor and is also, 2 bd/1 bath, similar finishes w/private-rear balcony & shared front-balcony~Unit 4 is second-floor and is also, 2 bd/1 bath w/similar-finishes~ALL units have storage-locker-cabinets in communal, shared, 4-car-garage & ea. unit has one-space in garage, plus there are two-additional, open-parking-spaces assigned to this building~On-site, coin-operated laundry room, provides Owner w/additional monthly-other-income~
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Additional Information
- Elementary School
- Washington Elementary School
- High School
- Glendale High School
- Middle School
- Palo Verde Middle School
- School District
- Glendale Union High School District
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco, Block
- Cooling
- Electric, Individual
- Electric
- SRP, Individual Meter
- Flooring
- Ceramic Tile, Vinyl
- Heating
- Individual, Heat Pump, Electric
- New Financing
- Conventional, 1031 Exchange
- Parking Features
- Paved, Assigned, Add'l Parking Avail, Garage Door Opener, 1 Space/Unit, On Street
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Northern Lanai Unit 1
- Taxes
- $2,197
- Tax Year
- 2024
- Units
- 4
- Water
- City Franchise
- Zoning
- R-5
Courtesy of CTS Realty. 602-795-0341 Selling Office: Gile Commercial Real Estate.
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