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Sold on 02/01/2017

4329 N Longview Ave, Phoenix, AZ 85014

  • $600,000

    Last sold 02/01/2017 after 124 Days

  • 14

    bed

  • 12

    bath

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

About 4329 N Longview Ave

Property type Multi-family
Neighborhood
Year built 1956
HOA fee $0/month
Property description
$50,000/unit with a Central Phoenix location in the path of redevelopment. Value-add opportunity with very strong cash flow potential. 7.22 CAP now, 9 CAP realistic pro forma. 10%+ Cash-on-Cash from yr 1. Owner has completed cosmetic upgrades to 10 of the 12 units in 2016. Almost all new window a/c's and duct work for the coolers. Per the owner, there are 10 One Bedroom units w/ average rent of $450 and 2 Two Bedroom units w/ average rent of $625. Rents are below market. Owner has held the property since 1996 and self-managed. Property consists of four separate structures on just over a 1/2 lot. Property sold ''as-is.'' Buyer to complete and rely on own due diligence, including all financials. No interior showings without an accepted offer. Please do not disturb the tenants. OM attached.
Listed by
Listing Agent - James C Stephens
Listing Office - RE/MAX Platinum Living
Source: ARMLS mls logo
MLS#5508857 • last updated 8 years ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Evaporative Cooling, Window/Wall Unit, Individual, 2 Or More Units
Heating Window/Wall Unit(s), 2 Or More Units
MLS # 5508857
Type Multiple Dwellings
Status Closed
Property Tax 2733
Year Built 1956
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Wood
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 18
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision MEADOWBROOK TRACT BLK 1
Community Features No Pool
Elementary School District Madison Elementary District
High School District Phoenix Union High School District
APN 155-08-033
Zoning R4
Directions Just East Of 12th Street Between Camelback And Indian School Roads.
Multifamily Details
Total # of Units 12
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 43320
Gross Income 66804
Expense: Other 23544
Gross Scheduled Income 70320
We are not permitted to show value estimates for this property.
  • Feb 2017
    mls logo MLS # 5508857
  • Feb 1, 2017 Sold
    $600,000
  • Sep 30, 2016 Listed
    $600,000
  • Feb 2017
    Public Records
  • Feb 1, 2017 Sold
    $600,000
  • 4329 N Longview Ave
    $600K
  • Meadowbrook
    $140K -12% y/y
  • 85014
    $450K -18% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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4/10
Madison Park School
public Grades PK, 5-8
Madison Elementary District
4/10
Madison Camelview Elementary School
public Grades PK, K-4
Madison Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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