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Loving Phoenix Team | Real Broker
3320 W Northern Avenue, Phoenix, AZ 85051
- $730,000
- 9
- BD
- 5
- BA
- Sold Price
- $730,000
- List Price
- $715,000
- Closing Date
- Nov 30, 2023
- Days on Market
- 7
- Status
- CLOSED
- MLS#
- 6619662
- City
- Phoenix
- Bedrooms
- 9
- Bathrooms
- 5
- Subdivision
- Northern Lanai Unit 1
- Year Built
- 1974
Property Description
The Northern Ave fourplex is a great investment opportunity with an impressive 6.9% Cap Rate. The property has frontage on Northern Avenue, providing convenient access to multiple retail centers, restaurants, and nearby freeways. The property consists of three 2-bedroom, 1-bathroom units and a spacious 3-bedroom, 2-bathroom unit. Two units have received complete renovations within the past two years. There are two shared garages and on-site laundry facilities. The property currently has below-market rates, with the potential to increase the value of two units within the next two months.
Additional Information
- Middle School
- Palo Verde School
- Community Features
- Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Electric, Ceiling Fan(s)
- Electric
- SRP
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange, No Carry
- Parking Features
- Paved, >1 Space Per Unit
- Roofing
- Composition
- Sewer
- Public Sewer
- Pool
- Yes
- Subdivision
- Northern Lanai Unit 1
- Taxes
- $2,035
- Tax Year
- 2023
- Tenant Pays
- Electricity
- Units
- 4
- Water
- City Franchise
- Zoning
- Multi
Courtesy of R.O.I. Properties. 602-319-1326 Selling Office: Berkshire Hathaway HomeServices Arizona Properties.
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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