4421 N 53rd Lane, Phoenix, AZ 85031
- $520,000
- Sold Price
- $520,000
- List Price
- $580,000
- Closing Date
- Jul 16, 2026
- Days on Market
- 56
- Status
- CLOSED
- MLS#
- 7031584
- City
- Phoenix
- Subdivision
- Parkway Village
- Year Built
- 1973
Property Description
Excellent value-add investment opportunity with immediate upside potential. All four units are currently tenant occupied at below-market rents, creating an opportunity to increase income through rental adjustments or unit renovations. The property features a desirable unit mix consisting of one 3BD/2BA, two 2BD/2BA units, and one 2BD/1BA unit. The ground-floor units each offer private yard space, adding desirable outdoor amenities for tenants. Each unit is individually metered for electricity, and the property includes a shared on-site laundry facility along with garage parking. Conveniently located near major local and regional employment centers, Grand Canyon University, the YMCA, Maryvale Park and pool facilities, schools, healthcare providers, and shopping centers.
/u.realgeeks.media/homesbyhaller/Logo-1_1-min.png){kind=logo}
Additional Information
- Community Features
- No Pool
- Construction
- Block, Wood Frame, Painted, Stucco
- Cooling
- Other, See Remarks
- Electric
- APS
- Flooring
- Other
- Heating
- Other, See Remarks
- New Financing
- FHA, Conventional, 1031 Exchange, No Carry, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Tile
- Subdivision
- Parkway Village
- Taxes
- $2,884
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 4
- Water
- City Franchise
- Zoning
- R-4
Mortgage Calculator
Listing courtesy of Compass. Selling Office: Orion Investment Real Estate.
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.