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2036 W Cactus Rd

Phoenix AZ 85029

4
Multi-Family
Currently for sale - view listing

Overview

A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. 3 of the units have been extensively remodeled with new flooring, new kitchen cabinets, counters and appliances, new vanities, tubs and toilets, popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owned 4 plex buildings. Units C and D have private fenced yards. Roof was new in 2018. Unit A - new A/C in 2023. Unit D - new A/C in 2021. Unit C - new A/C in 2020. 100% occupied at below market rates. Market rents indicate a $1250-$1350 per month rate is possible, making the CAP rate a terrific 7%+. Community laundry. NO HOA!

Features

4 carspaces
4 open car spaces
Multi-Family

Property history for 2036 W Cactus Rd

2018
Sold
$257,354
07 Feb 2018

Happy sellers in Phoenix

77%
77% of sellers in Phoenix reported that their sale price either exceeded or met their price expectations.

Phoenix stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Phoenix over the last 12 months.

Local market activity for multi families in Phoenix

In the last 12 months, 6 multi families similar to 2036 W Cactus Rd, have been sold.

This represents a 59% increase in multi families sales when compared to the previous 12 months.

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