Properties
Phoenix, AZ 85017 2522 W Palo Verde Drive
$424,900
51 more
Presented By: HomeSmart; 602-230-7600
Home Details
4-Plex Investment Opportunity!
Discover this incredible value-add multifamily property featuring four 2-bed, 1-bath units across two duplex buildings at 2522 & 2528 W Palo Verde Dr, Phoenix, AZ 85017. Two units (2522 B & 2528 B) are currently rented at $840 and $780 per month, providing immediate income. The remaining two units are vacant and ready for renovation, offering great upside potential for increased rents or resale value. Located near GCU and major transportation routes, this property is perfect for investors seeking strong cash-flow potential in a high-demand rental area. With a little vision and improvement, this 4-plex can become a top performer in your portfolio!
Presented By: HomeSmart; 602-230-7600
Interior Features for 2522 W Palo Verde Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCarpet, Vinyl
Heating Y/NYes
General for 2522 W Palo Verde Drive
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.9
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingElectric
CountyMaricopa
DisclosuresNone
ElectricSRP
Electric Expense0.0
Elementary SchoolAlhambra Preschool Academy
Elementary School DistrictAlhambra Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income0.0
HeatingElectric
High SchoolAlhambra High School
High School DistrictPhoenix Union High School District
Insurance Expense0.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
Middle/Junior High SchoolAlhambra Traditional School
MobileHomeRemainsYNNo
Net Operating Income20837.0
New ConstructionNo
New Financing: ConventionalTrue
Number Of Units Total4
Open Parking Spaces4.0
Operating Expense1873.0
OwnerPaysOther, See Remarks
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofRolled/Hot Mop
Senior CommunityN
SewerPublic Sewer
Standard StatusActive Under Contract
StatusUCB (Under Contract-Backups)
Subdivision NameBethany Main
Tax Annual Amount1873.0
Tax Lot25
Tax Year2024
Township2N
Trash Expense0.0
Water Sewer Expense0.0
Year Built1959
ZoningR3
Exterior for 2522 W Palo Verde Drive
Covered Spaces4.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions14600
Number of Buildings2
Parking FeaturesAdd'l Parking Avail, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
Alhambra High School
Middle School
Alhambra Traditional School Middle School
Elementary School
Alhambra Preschool Academy Elementary School
