Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket.… Read More The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture upside while maintaining occupancy stability. Each unit is equipped with central air conditioning, tile flooring, or laminate and white cabinetry, stainless steal appliances, and all units feature private backyard spaces--an amenity that differentiates the asset from competing properties and supports tenant retention. The property has undergone recent exterior capital improvements, including new paint, upgraded fencing and gates, modernized entry doors, enhanced lighting, and refreshed landscaping.
All facts and figures are approximate buyer verify MLS info Owner Broker Read Less
Courtesy of Incyte Realty, LLC, Sophia J Willets, 480-409-9900.
Listing Snapshot
Days Online
1
Last Updated
Beds
6
Year Built
1981
MLS Number
7082358
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Refrigerator
Building
Built in 1981, 1 building, Construction Materials: Wood Frame, Stucco
Gross Income: $55,233, Gross ScheduledIncome: $58,140, Net Operating Income: $40,532
Lot
Dimensions: irr
Owner Pays
Trash Collection, Water, Landscaping
Parking
8 open parking spaces, 8 total parking spaces
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 121-78-035-A, Annual Amount: $1,050, Tax Book Number: 121.00, Legal Description: DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93, Lot: 32, Parcel Letter: A, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, SRP
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