2324 W LONE CACTUS Drive # 101 Phoenix, AZ ^$ 765,000

2324 W LONE CACTUS Drive # 101

^$ 765,000

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2324 W LONE CACTUS Drive # 101

Phoenix, AZ, 85027

^$ 765,000

Studio Baths0.0

Monthly Estimate*

^$ 4,710

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $765,000. This home was built in 2004.

Hard to find trifecta for this 4plex! 2004 construction, Deer Valley location; & all big 2 bedroom units. 100% occupied. Offered at a highly competitive $220/sf. 6 CAP. 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 for maintaining 100% occupancy over the long-term. Please do not disturb the tenants.

Multi-Family Active

Price

^$ 765,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,298

Style

Multiple Dwellings

Year Built

2004

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6969622

Features

General

Sewer Sewer-In & Connected Public Sewer

Heating Heat Pump Electric

Cooling Electric Heat Pump

Roof Composition

Zoning R-5

Construction Materials Wood Frame Painted Stucco

Year Built 2004

Electric APS Individual Meter

Township 4N

Unit Number 101

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 56842.0

Community Features Other See Remarks

County Maricopa

Net Operating Income 46342.0

Operating Expense 10500.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name LONE CACTUS APARTMENTS CONDOMINIUM

Garage Y/N N

Status Active

Directions Just east of I-17 & Deer Valley and south of Deer Valley Rd.

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Deer Valley Unified District

Open Parking Spaces 8.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 1298.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Deer Valley Unified District

Tax Lot 101

Cap Rate 6.06

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Other Carpet Vinyl Concrete

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features See Remarks Paved Free >1 Space Per Unit

Water Source Master Meter City Franchise

Total Parking 8.0

Number of Buildings 1

Spa N

Lot Dimensions 0

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2324

* Excluded Features

List By

Better Homes & Gardens Real Estate Sj Fowler

Broker

cstephens@CCIM.net

Affordability Calculator

$4,818

Per Month

Monthly Principal & Interest: $4,710
Monthly Property Taxes: $108
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,318,524

Percent of Sale Price 72%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4326867 Elementary School

4327856 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/16/2026	$765,000		Listed Price

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2324 W LONE CACTUS Drive # 101, Phoenix, AZ, 85027 is a Multi-Family Home for sale at $765,000. 2324 W LONE CACTUS Drive # 101 is a studio with 0.0 baths and was built in 2004. The property's zip code is 85027 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/18/2026.

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2324 W LONE CACTUS Drive # 101

Multi-Family Home for sale in Phoenix, AZ

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