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Sold on 12/01/2016

2845 E Grandview Rd, Phoenix, AZ 85032

  • $237,000

    Last sold 12/01/2016 after 53 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 2845 E Grandview Rd

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Property description
Well-maintained 4 plex with no HOA. All large two bedroom units that are around 882 SF (per tax records total building SF is 3530). Rents are below market averaging $580/unit. Professionally managed. Individual entrances and enclosed back yards. W/D hookups. All electric with central a/c units-tenant paid. Seller verified rents, expenses are estimated at 35% OPEX. 6.6 CAP, pro forma 7+. Sellers want to close by year end and will look at offers. No interior showings without accepted offer. Buyer to complete and rely on own due diligence, including financials.
Listed by
Listing Agent - James C Stephens
Listing Office - RE/MAX Platinum Living
Source: ARMLS mls logo
MLS#5509843 • last updated 8 years ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Central Air, Electric, Individual
Heating Individual, Electric
MLS # 5509843
Type Multiple Dwellings
Status Closed
Property Tax 1170
Year Built 1985
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range, Disposal, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 5
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Paradise Valley Unified District
High School District Paradise Valley Unified District
APN 214-31-031-J
Zoning R3
Directions West Of Piestewa State Rte 51 Off 29th Between Greenway And Bell Roads.
Multifamily Details
Total # of Units 4
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 17191
Gross Income 26448
Expense: Other 9257
Gross Scheduled Income 27840
We are not permitted to show value estimates for this property.
  • Dec 2016
    mls logo MLS # 5509843
  • Dec 1, 2016 Sold
    $237,000 (-8.8%)
  • Oct 9, 2016 Listed
    $260,000
  • 2845 E Grandview Rd
    $237K
  • Paradise Valley Village
    $659K 0% y/y
  • 85032
    $442K 0% y/y
  • Phoenix
    $474K -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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  • 2845 E Grandview Rd
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