1548 W SAHUARO Drive, Phoenix, AZ 85029

$900,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $900,000 Last Modified: 5/16/2026

Overview

Description

Remodeled 4-Plex Investment property in the North Phoenix. The property has 4 2bedroom/2bath units, large size with upgraded appliances, in suite washer/dryer and more. Community features sparkling pool, parks and playground. Close to A-rated, schools, shopping, amenities and commuter highways. Perfect for a passive income property with upside in rents. The property is Tenant occupied so interior viewings upon mutually accepted offer only. Submeters have been installed at mina water line to allow proper water billing to tenants to offset water cost.

Listing Details MLS# 6984256

Location, Tax & Legal

House Number: 1548
Compass: W
Street Name: SAHUARO
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5068
Country: US
County Code: Maricopa
Subdivision: MUY FELICES CASAS LT 1-20 TR A-G
Assessor Number: 159-14-080
Tax Year: 2025
Assessor's Map #: 14
Legal Description (Abbrev): LOT 14 MUY FELICES CASAS LT 1-20 TR A-G MCR
Assessor's Parcel #: 80
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1835
Legal: LOT 14 MUY FELICES CASAS LT 1-20 TR A-G MCR
Marketing Name: Muy Felices

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 4053
Year Built: 1984
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: M-H
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Washington Elementary School
Jr. High School: Mountain Sky Middle School
High School: Glendale High School

Remarks Misc

Cross Street: 19th Ave & Peoria
Directions: Heading north on 19th ave just north of Peoria take aright on Sahuaro Dr and unit will be down on th left-hand side.

Status Change Info

Off Market Date: 2026-04-02
Under Contract Date: 2026-02-23
Close of Escrow Date: 2026-05-15

Legal Info

Township: 3N
Range: 3E
Section: 19
Lot Number: 14

More Information

Income Expenses

Gross Annual Sch Inc: 71100
Net Operating Income: 48916

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1481
Avg SqFt: 807
# Baths: 2

Sold Info

Loan Type: VA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Other: Yes

Floors

Other: Yes

Sale Includes

Other (See Remarks): Yes

Income & Expenses

Annual Elec Exp: 0
Annual Ins Exp: 2000
Annual Landscape Exp: 0
Annual Maint Exp: 5000
Annual Trash Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 9732
Annual PAD Fee: 0
Operating Exp: 18567
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 69678
Total Monthly Rental Income: 5925

Pmt & Rate Info

Cap Rate: 5.29
Equity: 925000
Down Payment %: 25
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes

Heating

Electric: Yes
Other: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes
Other: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

Master Meter: Yes
Submetered System: Yes

Sewer

Sewer - Public: Yes

Parking Features

Detached Carport: Yes
Other: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Other (See Remarks): 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: Wood Frame Const - Finish: Stucco Roofing: Other Floors: Other Sale Includes: Other (See Remarks) Community Features: Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other Heating: Other Cooling: Ceiling Fan(s); Central Air Water Source: Master Meter; Submetered System Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Detached Carport; Other Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; FHA; Conventional; 1031 Exchange; Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: AZ Equity Properties

Last Updated: May - 16 - 2026