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1001 N 32ND Avenue Phoenix, AZ $ 640,000
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$ 640,000 Get more info
1001 N 32ND Avenue
$ 640,000
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1001 N 32ND Avenue

Phoenix, AZ, 85009
$ 640,000
Baths0.0

Monthly Estimate*

$ 3,941

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $640,000. This home was built in 1984.

Check out this cash flowing low maintenance fourplex even at today's rates. Complex is located near mostly residential homes near elementary school and within 5 miles of downtown Phoenix. All units have white shaker cabinets, 2 units remodeled with quartz countertops, shaker cabinets and vinyl plank and wood tile flooring, & stainless-steel appliances. 1 unit partially upgraded unit with Quartz countertops, and shaker cabinets. 2 units have new A/C units & water heaters that have been replaced in the last 3 years. 1 A/C unit has a new motor. All of the units have ceiling fans throughout. Recently painted exterior. Units are individual metered for electricity. Units fully occupied, but 1 unit comes up for renewal in July if you want to occupy one or rehab for higher rent. Owner/ Agen

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Multi-Family Active

Price

$ 640,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,173

Style

Multiple Dwellings

Year Built

1984

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7032228
Features
General
Sewer Public Sewer
Heating Hot Water Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Roof Composition
Zoning R3
Construction Materials Cement Siding Block
Year Built 1984
Electric APS City Electric Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 421680.0
Community Features No Pool
County Maricopa
Net Operating Income 42544.8
Operating Expense 8076.0
Insurance Expense 1263.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name EL RETIRO BLK 1 2
Garage Y/N N
Status Active
Directions Take I-10 West exit on 35th Ave exit Head South to Roosevelt St. Head East on 35th Ave to 32nd Ave Property is on the corner of 32nd Ave & Roosevelt Road.
High School Carl Hayden High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 6.0
Number Of Units Total 4
Carport Y/N N
Elementary School J B Sutton Elementary School
Tax Annual Amount 1173.0
Water Sewer Expense 4200.0
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 Isaac Elementary District
Tax Lot 12
Cap Rate 6.65
New Financing: Conventional True
Senior Community N
New Financing: Cash True
New Financing: VA True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 6.0
Number of Buildings 1
Spa N
Lot Dimensions Fourplex Units
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Tile Laminate Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 1001
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* Excluded Features
List By
My Home Group Real Estate

Broker

nsthomas13@yahoo.com

Email

Affordability Calculator

$4,038
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,941
Monthly Property Taxes
$98
Monthly 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
4327015 Elementary School
4327058 Middle School
Carl Hayden High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/23/2026$640,000 Listed Price

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1001 N 32ND Avenue, Phoenix, AZ, 85009 is a Multi-Family Home for sale at $640,000. 1001 N 32ND Avenue is a studio with 0.0 baths and was built in 1984. The property's zip code is 85009 which is in Phoenix, AZ

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