A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. Extensively remodeled in 2020 with new flooring, new kitchen cabinets and appliances, new vanities, tubs and toilets popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owner 4 plex buildings. Units C and D have private small fenced yards. Roof was new in 2018 and unit B and C had new AC units installed in 2019. 100% occupied at below market rates. All tenants are month to month so rents can be raised. Market rents indicate a $1250-$1350 per month rate is possible., making the CAP rate a terrific 7%+. Community laundry. NO HOA! For owner occupants there is a fully ASSUMABLE FHA loan with a fixed rate of 2.99%!
Sold for $665,000 on 11/28/23
$665,000
2020 W Cactus Rd, Phoenix, AZ 85029
8beds
4baths
3,200sqft
Multi Family
Built in 1963
-- sqft lot
$702,700 Zestimate®
$208/sqft
$1,511 Estimated rent
Home value
$702,700
$654,000 - $759,000
$1,511/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 10, 2025 at 07:01pm
Listed by:
Jeffery Chesleigh 480-399-3480,
HomeSmart
Bought with:
Maxwell W Patton, SA688621000
Realty ONE Group
Source: ARMLS,MLS#: 6601899
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Electric
Cooling
- Heat Pump
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Space/Unit
- Uncovered spaces: 1
Details
- Parcel number: 14904016
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Built-Up
Condition
- Year built: 1963
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: Other
Location
- Region: Phoenix
- Subdivision: Garden Villas
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/28/2023 | Sold | $665,000-4.9%$208/sqft |
Source:  ARMLS #6601899 Report a problem | ||
| 10/30/2023 | Pending sale | $699,500$219/sqft |
Source:  HomeSmart #6601899 Report a problem | ||
| 10/30/2023 | Listed for sale | $699,500$219/sqft |
Source: HomeSmart #6601899 Report a problem | ||
| 10/10/2023 | Pending sale | $699,500$219/sqft |
Source: ARMLS #6601899 Report a problem | ||
| 9/7/2023 | Listed for sale | $699,500$219/sqft |
Source: ARMLS #6601899 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,799 +3.9% | $46,450 -3.9% |
| 2024 | $1,732 +1.8% | $48,360 +271.2% |
| 2023 | $1,701 +2% | $13,028 -50.8% |
Find assessor info on the county website
Neighborhood: North Mountain
Nearby schools
GreatSchools rating
- 5/10Shaw Butte SchoolGrades: PK-6Distance: 0.1 mi
- 3/10Mountain Sky Middle SchoolGrades: 7-8Distance: 2.7 mi
- 8/10Thunderbird High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Shaw Butte School
- Middle: Washington Elementary School - Phoenix
- High: Glendale High School
- District: Washington Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$702,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$702,700