Excellent value-add investment opportunity with immediate upside potential. All four units are currently tenant occupied at below-market rents, creating an opportunity to increase income through rental adjustments or unit renovations. The property features a desirable unit mix consisting of one 3BD/2BA, two 2BD/2BA units, and one 2BD/1BA unit. The ground-floor units each offer private yard space, adding desirable outdoor amenities for tenants. Each unit is individually metered for electricity, and the property includes a shared on-site laundry facility along with garage parking.
Conveniently located near major local and regional employment centers, Grand Canyon University, the YMCA, Maryvale Park and pool facilities, schools, healthcare providers, and shopping centers.
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Location
4421 N 53RD Lane, Phoenix, AZ 85031
Status
Sold
Date Sold
July 16, 2026
Property Amenities
Interior
AppliancesOther, See Remarks
FlooringOther
Area & Lot
MLS® ID7031584
Year Built1973
School DistrictPhoenix Union High School District
TypeMulti-Family
StatusSold
Exterior
Air conditioningOther, See Remarks
Heat typeOther, See Remarks
Water SourceCity Franchise
SewerPublic Sewer
ParkingAddl Parking Avail, 1 Space Per Unit
RoofTile
Finance
Sales Price$520,000
Maintenance Fee$3,107 monthly
Real Estate Tax$2,884 yearly
Phoenix
Sees more sunshine than any other metro area in the country.
With experience and expertise in multiple facets of the business have given us the skills to deal with any transaction, regardless of the type or price point.