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Sold on 06/02/2018

2838 E Marconi Ave, Phoenix, AZ 85032

$245,000

Last sold 06/02/2018 after 53 Days

  • 8

    bed

  • 9

    bath

Multi-family not for sale
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About 2838 E Marconi Ave

Property type Multi-family
Neighborhood
Year built 1982
HOA fee $0/month
Property description
Rare opportunity to have a building in such good shape with two very long term tenants in place. All units have been updated and well-maintained. This is an excellent investment opportunity at this price. There is one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Each apartment has a balcony or private patio. This is a superb passive investment for those who want to put their money into an incredible cash flowing property. Please do not walk property. Do not disturb tenants.
Listed by
Listing Agent - Jill Anderson
Listing Office - Russ Lyon Sotheby's International Realty
Source: ARMLS mls logo
MLS#5749406 • last updated 2 years ago
Movoto checked ARMLS for data 8 minutes ago
Overview
Cooling/AC Electric, Individual
Heating Individual, Electric
MLS # 5749406
Type Multiple Dwellings
Status Closed
Property Tax 1229
Year Built 1982
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Built-Up
Construction Wood Frame, Painted, Stucco
Parking Free, Assigned, 1 Space/Unit, Carport
# of Open Parking Spaces 2
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision GREENWAY MANOR
Community Features Barbecue, Sport Court, Play Area, Clubhouse, Spa(s), 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 214-39-030
Zoning Multi
Directions West To 29th Street, North To Complex On Left. Gates Are Open During The Day.
Multifamily Details
Total # of Units 4
Expense: Operating 14389
Financial Data Source Other (See Remarks)
Expense: Maintenance 1500
Vacancy Allowance 0.05
Expense: Insurance 1200
Net Operating Income 16790
Gross Income 31179
Expense: Electric 200
Expense: Professional Management 2520
Gross Scheduled Income 32820
We are not permitted to show value estimates for this property.
  • Aug 2020
    mls logo MLS # 5749406
  • Aug 18, 2020 Sold
    $245,000 (-2.0%)
  • Aug 18, 2020 Price Change
    $249,900 (+204.8%)
  • Apr 10, 2018 Listed
    —
  • Jun 2011
    mls logo MLS # 4429943
  • Jun 29, 2011 Sold
    $82,000 (-13.7%)
  • Jul 23, 2010 Listed
    $95,000
  • Year Property taxes Tax assessment
  • 2024
    $1,405 +2.1%
    $45,210 -13.31%
  • 2023
    $1,376 +1.0%
    $52,150 +30.44%
  • 2022
    $1,362 -0.3%
    $39,980 +45.65%
  • 2021
    $1,366 +3.2%
    $27,450 +15.97%
  • 2020
    $1,323 -0.1%
    $23,670 +13.2%
  • 2019
    $1,325 +3.4%
    $20,910 +14.2%
  • 2018
    $1,282 +4.3%
    $18,310 +14.22%
  • 2017
    $1,229 +1.7%
    $16,030 +6.09%
  • 2016
    $1,208 +8.0%
    $15,110
  • 2015
    $1,119
    —
  • 2838 E Marconi Ave
    $245K
  • 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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