Properties
Phoenix, AZ 85015 3823 N 23RD Drive
$849,900
15 more
Presented By: eXp Realty; 888-897-7821
Home Details
Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show.
Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.
Presented By: eXp Realty; 888-897-7821
Interior Features for 3823 N 23RD Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes
General for 3823 N 23RD Drive
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.02
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Stucco
CoolingElectric, Heat Pump
CountyMaricopa
DisclosuresNone
ElectricSRP
Electric Expense420.0
Elementary School DistrictAlhambra Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income39656.8
HeatingHeat Pump, Electric
High School DistrictPhoenix Union High School District
Insurance Expense1643.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income36201.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces10.0
Operating Expense7865.0
OwnerPaysElectricity, Trash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Light(s), Fire Sprinklers
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGERARDO PARK LOTS 1-10
Tax Annual Amount2322.0
Tax Lot31
Tax Year2025
Township2N
Trash Expense0.0
Water Sewer Expense2280.0
Year Built1985
ZoningMulti
Exterior for 3823 N 23RD Drive
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot DimensionsIRR
Number of Buildings1
Parking FeaturesPaved, Free, >1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking10.0
Water SourceCity Franchise
Additional Details
Price History
