11705 N 79TH Drive, Peoria, AZ 85345

$2,600,000
Property Type: Multiple Dwellings Status: Active
Current Price: $2,600,000 Last Modified: 4/16/2026

Overview

Description

DO NOT DISRUPT TENANTS!! Beautiful upgraded units. Well maintained property. A total of 9 units with great cash flow. Property has a maintanence shed and an enclosed storage area. The property has been under going upgrades and remodels since 2017. Great mix of 1 and 2 bedrooms. The five buildings are 2 -2 bedroom duplexs, 2- 1 bedroom duplexs, and a 2 bedroom house at the rear of the property.

Listing Details MLS# 7015054

Location, Tax & Legal

House Number
11705
Compass
N
Street Name
79TH
St Suffix
Drive
City/Town Code
Peoria
State/Province
AZ
Zip Code
85345
Zip4
8228
County Code
Maricopa
Subdivision
VARNEY TRACT
Assessor Number
142-06-077
Tax Year
2025
Assessor's Map #
6
Legal Description (Abbrev)
LOT 40 VARNEY TRACT MCR 003011
Assessor's Parcel #
77
Add'l Parcels
No
Tax Municipality
Peoria
Census Tract
71910
Taxes
1817
Legal
LOT 40 VARNEY TRACT MCR 003011
Marketing Name
VARNEY TRACT

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.647 acres
Year Built
2001
Uncvrd Parking Spcs
16
Total # of Units
9
# of Buildings
5
Zoning
RM-1
Elementary School District
Peoria Unified School District
High School District
Peoria Unified School District

Remarks Misc

Cross Street
79th Ave and Cactus
Directions
Cactus to 79th Ave. South to Kirby, West on Kirby to 79th Dr. South on 79th Dr to property. On the East side of 79th Dr

Legal Info

Township
3N
Range
1E
Section
23
Lot Number
40

Income Expenses

Gross Annual Sch Inc
138600
Net Operating Income
114970

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
1262.5
Avg SqFt
500
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
5
Avg Rent
1300
Avg SqFt
698
# Baths
Yes

Project Type

5 - 12 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes
Stone
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Landscape Exp
1200
Annual Legal & Acctg
500
Annual Maint Exp
1000
Annual Wtr/Swr Exp
14000
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
18517
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
131670
Total Monthly Rental Income
11550

Pmt & Rate Info

Cap Rate
4.42
Equity
2600000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Forced Air
Yes
Heat Pump
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Satellite Dish
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Microwave
Yes
Refrigerator
Yes

Road Access Type

City Street
Yes
Private Road
Yes

Road Surface Type

Concrete
Yes
Dirt
Yes
Gravel
Yes

Source of Fincl Data

Books Shwn Accpt Ofr
Yes

Road Responsibility

City Maintained Road
Yes
Private Maintained Road
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Free
Yes
On Street
Yes
Add'l Parking Avail
Yes
Assigned
Yes
Attached Carport
Yes
Off Street
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco; Stone Roofing: Composition Floors: Laminate; Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Satellite Dish; Cable TV Available; Sidewalk(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave Heating: Forced Air; Heat Pump Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; On Street; Add'l Parking Avail; Assigned; Free; Attached Carport; Off Street Road Access Type: City Street; Private Road Road Surface Type: Gravel; Dirt; Concrete Road Responsibility: City Maintained Road; Private Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Books Shwn Accpt Ofr Showing Notification Methods: Text; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
Listing Office: HomeSmart
IDX
Last Updated: April - 16 - 2026
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