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Sold on 11/06/2019

2502 E Paradise Ln, Phoenix, AZ 85032

$495,000

Last sold 11/06/2019 after 44 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 2502 E Paradise Ln

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Property description
Great income producing 4plex with empty lot for future building potential. Check county zoning requirements for verification on building. Two of the units have been remodeled. And a couple units have new appliances. Still upsides on rent. All units are 2 bedroom/2 baths. 3 of the 4 HVAC units have been replaced in the last 2 years. *Drive by only, all units occupied. Units can be viewed during due diligence period. Tenants pay electric, Landlord pays water/sewer/trash and front yard landscaping.
Listed by
Listing Agent - Sara Medina
Listing Office - American Realty Brokers
Source: ARMLS mls logo
MLS#5983191 • last updated 1 year ago
Movoto checked ARMLS for data 9 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric
Heating Central, Electric
MLS # 5983191
Type Multiple Dwellings
Status Closed
Property Tax 1813
Year Built 1974
Interior
Flooring Ceramic Tile, Vinyl
Appliances Free-Standing Range, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Painted, Stucco, Block
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision KAY ACRES
Community Features No Pool
Elementary School Palomino Primary School
Elementary School District Paradise Valley Unified District
Middle School Greenway Middle School
High School District Paradise Valley Unified District
High School North Canyon High School
APN 214-40-031-F
Zoning R-3
Directions North On Cave Creek, West On Paradise Ln, 4plex Just Past 25th St On The North Side.
Multifamily Details
Total # of Units 4
Expense: Operating 8242
Financial Data Source Owner
Vacancy Allowance 0.05
Expense: Insurance 2004
Net Operating Income 34977
Gross Income 41325
Expense: Other 285
Expense: Water/Sewer 2760
Gross Scheduled Income 43500
Expense: Gardener 1380
We are not permitted to show value estimates for this property.
  • Nov 2019
    Public Records
  • Nov 5, 2019 Sold
    $495,000
  • Nov 2019
    mls logo MLS # 5983191
  • Nov 5, 2019 Sold
    $495,000 (+59.7%)
  • Nov 2016
    mls logo MLS # 5485231
  • Nov 4, 2016 Sold
    $310,000
  • Aug 17, 2016 Listed
    $330,000
  • Nov 2016
    Public Records
  • Nov 3, 2016 Sold
    $310,000 (-6.1%)
  • Year Property taxes Tax assessment
  • 2024
    $1,083 +3.2%
    $24,315 +30.31%
  • 2022
    $1,050 +435.6%
    $18,660 +323.42%
  • 2021
    $196
    $4,407
  • 2502 E Paradise Ln
    $495K
  • Paradise Valley Village
    $635K -1% y/y
  • 85032
    $454K +5% y/y
  • Phoenix
    $464K -1% y/y
No chart available
Statistics calculated by Movoto

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2/10
Palomino Primary School
public Grades PK, K-3
Paradise Valley Unified District
2/10
Palomino Intermediate School
public Grades 4-6
Paradise Valley Unified District
2/10
Greenway Middle School
public Grades 7-8
Paradise Valley Unified District
4/10
North Canyon High School
public Grades 8-12
Paradise Valley Unified District
Source: GreatSchools.org © 2026. All rights reserved.

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