$520,000
$580,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
4421 N 53RD Lane Phoenix, AZ 85031
Key Details
Sold Price $520,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Parkway Village
MLS Listing ID 7031584
Sold Date 07/16/26
Maintenance Fees $3,107
Year Built 1973
Annual Tax Amount $2,884
Tax Year 2025
Lot Dimensions 9769
Source Arizona Regional Multiple Listing Service (ARMLS)
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.
Location
State AZ
County Maricopa
Community Parkway Village
Area Maricopa
Zoning R-4
Interior
Heating Other, See Remarks
Cooling Other, See Remarks
Flooring Other
Appliance Other, See Remarks
Exterior
Parking Features Add'l Parking Avail, >1 Space Per Unit
Community Features No Pool
Roof Type Tile
Garage Yes
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 144-44-062
Acceptable Financing No Carry, Conventional, 1031 Exchange, FHA
Disclosures None
Listing Terms No Carry, Conventional, 1031 Exchange, FHA
Financing Cash
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Bought with Orion Investment Real Estate
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