2020 W Cactus Road, Phoenix, AZ 85029
- $665,000
- Sold Price
- $665,000
- List Price
- $699,500
- Closing Date
- Nov 28, 2023
- Days on Market
- 33
- Status
- CLOSED
- MLS#
- 6601899
- City
- Phoenix
- Subdivision
- Garden Villas
- Year Built
- 1963
Property Description
A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. Extensively remodeled in 2020 with new flooring, new kitchen cabinets 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 owner 4 plex buildings. Units C and D have private small fenced yards. Roof was new in 2018 and unit B and C had new AC units installed in 2019. 100% occupied at below market rates. All tenants are month to month so rents can be raised. Market rents indicate a $1250-$1350 per month rate is possible., making the CAP rate a terrific 7%+. Community laundry. NO HOA! For owner occupants there is a fully ASSUMABLE FHA loan with a fixed rate of 2.99%!
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Additional Information
- Elementary School
- Shaw Butte School
- High School
- Glendale High School
- Middle School
- Washington Elementary School - Phoenix
- School District
- Glendale Union High School District
- Community Features
- Other
- Construction
- Painted, Block
- Cooling
- Heat Pump
- Electric
- APS
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- Conventional
- Parking Features
- 1 Space/Unit
- Roofing
- Built-Up
- Sewer
- Public Sewer
- Subdivision
- Garden Villas
- Taxes
- $1,668
- Tax Year
- 2022
- Units
- 4
- Water
- City Franchise
- Zoning
- R4
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Listing courtesy of HomeSmart. Selling Office: Realty ONE Group.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.