2444 E WILLETTA Street 1, Phoenix, AZ 85008
$850,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$850,000
Last Modified:
3/18/2026
Overview
Description
Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket.
The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture u
Supplements: ... (Read more)
Listing Details MLS# 7000022
Location, Tax & Legal
- House Number
- 2444
- Compass
- E
- Street Name
- WILLETTA
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85008
- Zip4
- 4653
- County Code
- Maricopa
- Subdivision
- DEL REY LOTS 101-140
- Assessor Number
- 121-78-035-A
- Tax Year
- 2025
- Unit #
- Yes
- Assessor's Map #
- 78
- Legal Description (Abbrev)
- DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
- Assessor's Parcel #
- 35
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 113501
- Taxes
- 1050
- Legal
- DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
- Marketing Name
- Four at Willetta
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 6,595
- Year Built
- 1981
- Uncvrd Parking Spcs
- 8
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- R-3
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
- Elementary School
- Creighton Virtual Academy
- Jr. High School
- Creighton Virtual Academy
- High School
- Camelback High School
Remarks Misc
- Cross Street
- Mcdowell and 24th St
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 2
- Lot Number
- 32
Income Expenses
- Gross Annual Sch Inc
- 63600
- Net Operating Income
- 51050
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
1 Bedroom Units
- # 1 Bedroom Units
- 2
- Avg Rent
- 1200
- Avg SqFt
- 475
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 1450
- Avg SqFt
- 675
- # Baths
- Yes
Project Type
- Four Plex
- Yes
Other Type
- Other (See Remarks)
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Tile
- Yes
Sale Includes
- Other (See Remarks)
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2600
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1200
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 1500
- Annual Mgmt Exp
- 3000
- Annual Trash Exp
- 1200
- Annual Wtr/Swr Exp
- 2000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 12550
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 63600
- Total Monthly Rental Income
- 4800
Pmt & Rate Info
- Cap Rate
- 6.01
- Down Payment
- 0
- Equity
- 850000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- Other
- Yes
Heating
- Central
- Yes
Cooling
- Central Air
- Yes
Exterior Amenities
- Other (See Remarks)
- Yes
Interior Features
- Other (See Remarks)
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Other
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Other
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- Other (See Remarks)
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex
Other Type:
Other (See Remarks)
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Composition
Floors:
Tile
Sale Includes:
Other (See Remarks)
Community Features:
Other
Exterior Amenities:
Other (See Remarks)
Interior Features:
Other (See Remarks)
Appliances Included:
Other
Heating:
Central
Cooling:
Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
Other (See Remarks)
Gas:
Other (See Remarks)
Parking Features:
Other
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity
Source of Fincl Data:
Owner; Projected Proforma
Lockbox Type:
None
Existing 1st Loan:
Other (See Rmks)
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Cash; VA; FHA; Conventional; 1031 Exchange; Other (See Remarks)
Environmental:
None
Listing Office:
Get Multifamily
Last Updated: March - 18 - 2026
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