2324 W LONE CACTUS Drive 101, Phoenix, AZ 85027 (MLS# 6969622)

2324 W LONE CACTUS Drive 101, Phoenix, AZ 85027

$759,900

Property Type: Multiple Dwellings Status: Active

Current Price: $759,900 Last Modified: 3/26/2026

Overview

Description

Hard to find trifecta for this 4plex! 2004 construction, Deer Valley location; & all big 2-bedroom units. Offered at a highly 6.1 CAP +/- based on the 2025 P&L. Only $219/sf. 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 & convenience. Please do not disturb the tenants.

Listing Details MLS# 6969622

Location, Tax & Legal

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
Assessor Number: 209-07-114
Tax Year: 2025
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
Marketing Name: Deer Valley 4plex

Contract Info

Ownership: Fee Simple

General Property Description

Year Built: 2004
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: R-5
Elementary School District: Deer Valley Unified District
High School District: Deer Valley Unified District
Lot Size Dimensions: No

Remarks Misc

Cross Street: Deer Valley Rd & I-17
Directions: Just east of I-17 & Deer Valley and south of Deer Valley Rd.

Legal Info

Township: 4N
Range: 2E
Section: 24
Lot Number: 101

Income Expenses

Gross Annual Sch Inc: 57600
Net Operating Income: 46342

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 868
# Baths: Yes

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Concrete: Yes
Vinyl: Yes
Carpet: Yes
Other: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes
Other (See Remarks): Yes

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: 6.1
Equity: 759900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes
See Remarks: Yes

Heating

Heat Pump: Yes
Electric: Yes

Cooling

Electric: Yes
Heat Pump: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Security Light(s): Yes
Other (See Remarks): Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Other (See Remarks): Yes

Tenant Pays

Electricity: Yes

Appliances Included

Built-In Electric Oven: Yes
Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Washer/Dryer: Yes
See Remarks: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Free: Yes
>1 Space Per Unit: Yes
Paved: Yes
See Remarks: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Non Assumable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: March - 26 - 2026