2324 W LONE CACTUS Drive 101, Phoenix, AZ 85027
$765,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$765,000
Last Modified:
2/07/2026
Description
Hard to find trifecta for this 4plex! 2004 construction, Deer Valley location; & all big 2 bedroom units. 100% occupied. Offered at a highly competitive $220/sf. 6 CAP trending (2025 P&L available). No HOA. Fully stabilized with historically strong occupancy. There are many amenities with the complex, including in-suite washer/dryer units, dishwashers, storage units, ample parking, & great unit layouts. Solid $1200/rents that still offer room for increases. Well-maintained & managed. Deer Valley is a diverse village bordering Peoria & the Loop 101. Close to the Cave Buttes, Moon Valley, & the Adobe Dam Regional Park, as well as many businesses. This location provides a rich tenant-base for maintaining 100% occupancy over the long-term. Please do not disturb the tenants.
More Information MLS# 6969622
Contract Info
Ownership: Fee Simple
Current Price: $765,000
List Price: $765,000
Status: Active
List Date: 2026-01-15
Location, Tax & Legal
Unit #: 101
Assessor's Map #: 7
Legal Description (Abbrev): LOT 101 LONE CACTUS APARTMENTS CONDOMINIUM MCR
Assessor's Parcel #: 114
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 614700
Taxes: 1298
Legal: LOT 101 LONE CACTUS APARTMENTS CONDOMINIUM MCR
Marketing Name: Deer Valley 4plex
House Number: 2324
Compass: W
Street Name: LONE CACTUS
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85027
Zip4: 2560
County Code: Maricopa
Subdivision: LONE CACTUS APARTMENTS CONDOMINIUM
Assessor Number: 209-07-114
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 0
Total # of Units: 4
Elementary School District: Deer Valley Unified District
High School District: Deer Valley Unified District
Year Built: 2004
Zoning: R-5
Legal Info
Range: 2E
Section: 24
Township: 4N
Lot Number: 101
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Carpet: 1
Other: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 9202
Operating Exp: 10500
Other Income: 1000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 56842
Total Monthly Rental Income: 4800
Pmt & Rate Info
Cap Rate: 6.06
Equity: 765000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Other: 1
See Remarks: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Electric: 1
Heat Pump: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Features
Fire/Smoke Alarm(s): 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Washer/Dryer: 1
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Paved: 1
See Remarks: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Non Assumable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 868
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Deer Valley Rd & I-17
Directions: Just east of I-17 & Deer Valley and south of Deer Valley Rd.
Geo Lat: 33.679984
Geo Lon: -112.109331
Income Expenses
Gross Annual Sch Inc: 57600
Net Operating Income: 46342
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete; Vinyl; Carpet; Other
Sale Includes: Land & Building; Laundry Equipment; Other (See Remarks)
Community Features: Other; See Remarks
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Security Light(s); Other (See Remarks)
Interior Features: Fire/Smoke Alarm(s); Other (See Remarks)
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Washer/Dryer; See Remarks
Heating: Heat Pump
Cooling: Electric; Heat Pump
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Free; Paved; See Remarks
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Non Assumable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; No Carry
Environmental: None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 07 - 2026
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