1001 N 32ND Avenue, Phoenix, AZ 85009

New Listing

$640,000

Property Type: Multiple Dwellings Status: Active

Current Price: $640,000 List Date: 5/23/2026 Last Modified: 5/23/2026

Overview

Description

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

Listing Details MLS# 7032228

Location, Tax & Legal

House Number: 1001
Compass: N
Street Name: 32ND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 3458
Country: US
County Code: Maricopa
Subdivision: EL RETIRO BLK 1 2
Assessor Number: 109-14-044-B
Tax Year: 2025
Assessor's Map #: 14
Legal Description (Abbrev): EL RETIRO MCR 32-9 LOT 12 BLK 4 W 83.035F TH/OF EX S 10F & EX PT BOUNDED ON W BY W LN OF SD LOT & 0
Assessor's Parcel #: 44
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112700
Taxes: 1173
Legal: EL RETIRO MCR 32-9 LOT 12 BLK 4 W 83.035F TH/OF EX S 10F & EX PT BOUNDED ON W BY W LN OF SD LOT & 0
Marketing Name: 32nd Ave Apartments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Fourplex Units
Year Built: 1984
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: Yes
Zoning: R3
Flood Zone: No
Elementary School District: Isaac Elementary District
High School District: Phoenix Union High School District
Elementary School: J B Sutton Elementary School
High School: Carl Hayden High School

Remarks Misc

Cross Street: st.32nd Ave & Roosevelt
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.

Legal Info

Township: 1N
Range: 2E
Section: 2
Lot Number: 12

Income Expenses

Gross Annual Sch Inc: 59040
Net Operating Income: 42544.8

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1250
Avg SqFt: 630
# Baths: Yes

Project Type

Four Plex: Yes

Construction

Block: Yes

Const - Finish

Cement Siding: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Tile: Yes
Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 1263
Annual Landscape Exp: 1440
Annual Wtr/Swr Exp: 4200
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8076
Other Income: 1200
Vacancy Allowance: 8
Adjusted Gross Inc: 421680
Total Monthly Rental Income: 4920

Pmt & Rate Info

Cap Rate: 6.65
Equity: 640000
Down Payment %: 10
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Hot Water: Yes
Electric: Yes
Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Sidewalk(s): Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes
Other (See Remarks): Yes

Appliances Included

Free-Standing Electric Oven: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

APS: Yes
City Electric: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes

Special

Owner/Agent: Yes
Accept Backups (CLO): Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Cement Siding Roofing: Composition Floors: Laminate; Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Sidewalk(s) Interior Features: Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Microwave Heating: Hot Water; Central Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; City Electric; Individual Meter Gas: None Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV; Other (See Remarks) Source of Fincl Data: Owner Special: Owner/Agent; Accept Backups (CLO) Showing Notification Methods: Text; Email Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; Conventional Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: May - 23 - 2026