$550,000

Opportunity to own this stabilized fully occupied, cash flowing investment. Excellent location central to Downtown Phoenix, Tempe ASU, Arcadia, Scottsdale. All units updated in 2020 including floors, kitchen, bathroom, roof, mini-splits/window units. Opportunity to increase monthly rental income. Drive by only DO NOT Disturb tenants.

Courtesy of My Home Group Real Estate, KatiAnn Craciunescu, 480-685-2760.

Listing Snapshot

Days Online

Last Updated

Sep 18, 2026

Beds

Year Built

1947

MLS Number

7081512

Additional Details

Property Access

Road Surface: Asphalt

Appliances & Equipment

Built-In Range

Building

Built in 1947, 2 buildings, Construction Materials: Painted, Stucco, Block

Community

No Pool

Cooling

Window/Wall Unit, Varies by Unit

Disclosures

None

Expenses

Electric: $4,800, Insurance: $2,460, Maintenance: $820, Operating: $11,234, Water/Sewer: $2,400

Floors

Ceramic Tile

Heating

Electric

Income

Gross Income: $41,699, Gross ScheduledIncome: $42,550, Net Operating Income: $27,626

Lot

Dimensions: 60 X 109

Owner Pays

Gas, Electricity, Trash Collection, Water, Sewer

Parking

4 open parking spaces, 4 total parking spaces, 1 Space/Unit

Roof

Rolled/Hot Mop

Sewer

Sewer - Public

Taxes

Additional parcels description:, Parcel Number: 125-32-060-A, Public Survey Range: 4E, Public Survey Section: 6, Annual Amount: $754, Tax Book Number: 125.00, Legal Description: LOT 59 LANCASTER MANORS MCR 003742, Lot: 59, Parcel Letter: A, Year: 2025, Zoning: R-3

Utilities

Water Source: City Franchise, APS

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434 N 42ND Street

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