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629-299-2386
SimpliHŌM
2018 W Cactus Road, Phoenix, AZ 85029
- $520,000
- Sold Price
- $520,000
- List Price
- $549,000
- Status
- CLOSED
- Days on Market
- 125
- Closing Date
- Apr 24, 2026
- MLS#
- 6953868
- Subtype
- Multiple Dwellings
- Year Built
- 1963
Property Description
This fully occupied four-plex delivers strong, reliable performance with a current cap rate above 7 percent. It is a rare opportunity to secure a stabilized multifamily asset in a high-demand Phoenix corridor, offering immediate cash flow from day one. Each unit is tenant-occupied with consistent rental history, making this a smart addition to any investment portfolio. Buyers seeking to owner-occupy can also utilize FHA financing, allowing one unit to serve as a primary residence while the remaining three generate income to offset monthly expenses. The property offers straightforward, low-drama operations and sits near major freeways, employment centers, and everyday conveniences. This building excels where it counts: dependable returns, strong occupancy, and long-term investment potential. Opportunities at this price point with proven performance are increasingly hard to find. This is a solid, income-producing asset ready for its next owner!
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Additional Information
- Taxes
- $1,825
- Zoning
- Multifamily
- Appliances
- Free-Standing Range, Refrigerator, Microwave, Washer/Dryer, Free-Standing Electric Oven
- Heating
- Electric, Heat Pump, Varies by Unit
- Air Conditioning
- Electric, Varies by Unit
- Exterior Construction
- Block, Painted
- Parking Features
- 1 Space/Unit, Assigned
- Elementary School
- Washington Elementary School
- High School
- Glendale High School
Courtesy of eXp Realty. 480-420-4455 Selling Office: Go Win Property Management.
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