Properties
Phoenix, AZ 85027 2324 W LONE CACTUS Drive # 101
$749,900
33 more
Presented By: Better Homes & Gardens Real Estate SJ Fowler; 480-649-3536
Home Details
Hard to find trifecta for this 4plex! 2004 construction, Deer Valley location; & all big 2-bedroom units. Offered at a highly 6.18 CAP +/- based on the 2025 P&L. Only $216/sf. No HOA. Fully stabilized with historically strong occupancy. There are many amenities with the complex, including in-suite washer/dryer units, dishwashers, storage units, ample parking, & great unit layouts. Solid $1200/rents that still offer room for increases. Well-maintained & managed. Deer Valley is a diverse village bordering Peoria & the Loop 101. Close to the Cave Buttes, Moon Valley, & the Adobe Dam Regional Park, as well as many businesses. This location provides a rich tenant-base & convenience. Please do not disturb the tenants.
Presented By: Better Homes & Gardens Real Estate SJ Fowler; 480-649-3536
Interior Features for 2324 W LONE CACTUS Drive # 101
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringOther, Carpet, Vinyl, Concrete
Heating Y/NYes
General for 2324 W LONE CACTUS Drive # 101
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.18
Carport Y/NNo
CityPhoenix
Community FeaturesOther, See Remarks
Construction MaterialsWood Frame, Painted, Stucco
CoolingElectric, Heat Pump
CountyMaricopa
DirectionsJust east of I-17 & Deer Valley and south of Deer Valley Rd.
DisclosuresSeller Prop Disc Stm
ElectricAPS, Individual Meter
Elementary School DistrictDeer Valley Unified District
Garage Y/NNo
Gross Income56842.0
HeatingHeat Pump, Electric
High School DistrictDeer Valley Unified District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income46342.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces8.0
Operating Expense10500.0
OwnerPaysWater, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Subdivision NameLONE CACTUS APARTMENTS
Tax Annual Amount1298.0
Tax Lot101
Tax Year2025
Township4N
Unit Number101
Year Built2004
ZoningR-5
Exterior for 2324 W LONE CACTUS Drive # 101
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions
Number of Buildings1
Parking FeaturesSee Remarks, Paved, Free, >1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceMaster Meter, City Franchise
Additional Details
Price History
