Properties

Phoenix, AZ 85008 2444 E WILLETTA Street # 1

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Presented By: Get Multifamily; 480-795-7938
  • MLS# 7000022
  • 03/17/2026
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Home Details

Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture u upside while maintaining occupancy stability. Each unit is equipped with central air conditioning, tile flooring, and white cabinetry, and all units feature private backyard spaces--an amenity that differentiates the asset from competing properties and supports tenant retention. The property has undergone recent exterior capital improvements, including new paint, upgraded fencing and gates, modernized entry doors, enhanced lighting, and refreshed landscaping. Additionally, the seller is in the process of recoating the asphalt, further reducing near-term capital expenditure requirements. Positioned in one of Phoenix's most sought-after infill locations, the asset benefits from close proximity to the Biltmore financial district, Arcadia retail and dining, and major transportation corridors. Four at Willetta represents an opportunity to acquire a proven, cash-flowing asset with strong historical occupancy, minimal deferred maintenance, and the ability to drive revenue growth through rental adjustments in a supply-constrained submarket. Recent appraisal of $960,000 this is priced to sell. Owner/ Agent All facts and figures are approximate buyer verify MLS
Presented By: Get Multifamily; 480-795-7938

Interior Features for 2444 E WILLETTA Street # 1

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes

General for 2444 E WILLETTA Street # 1

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.01
Carport Y/NNo
CityPhoenix
Community FeaturesOther
Construction MaterialsWood Frame, Painted, Stucco
CoolingCentral Air
CountyMaricopa
DisclosuresNone
ElectricOther (See Remarks)
Electric Expense0.0
Elementary SchoolCreighton Virtual Academy
Elementary School DistrictCreighton Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income63600.0
HeatingCentral
High SchoolCamelback High School
High School DistrictPhoenix Union High School District
Insurance Expense2600.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1500.0
Middle/Junior High SchoolCreighton Virtual Academy
MobileHomeRemainsYNNo
Net Operating Income51050.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces8.0
Operating Expense12550.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameDEL REY LOTS 101-140
Tax Annual Amount1050.0
Tax Lot32
Tax Year2025
Township1N
Trash Expense1200.0
Unit Number1
Water Sewer Expense2000.0
Year Built1981
ZoningR-3

Exterior for 2444 E WILLETTA Street # 1

Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions6, 595
Number of Buildings1
Parking FeaturesOther
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceCity Franchise

Additional Details

Price History

Schools

High School Camelback High School
Elementary School Creighton Virtual Academy Elementary School
Middle School Creighton Virtual Academy Middle School

Connect Realty

Price $825,000
MLS#7000022
List Date 03/17/2026
Property Type Multi-Family
Phone 888.795.6274
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