2825 E PARADISE Lane, Phoenix, AZ 85032
$350,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$350,000
Last Modified:
3/16/2026
Description
Fire Sale! Literally. This 4 unit Multi-family dwelling has had two units damaged by fire. 2 units are still inhabitable and have tenants. This is a cash deal only, and we are entertaining all offers. The price is reflective of a starting point. Fully rebuilt, the units will sell for approximately $650k. Access can be had to assess damage only by a general contractor, and I highly recommend all safety precautions when entering. Units 101 and 102 are leased mtm, at $1432, and $1025 respectively. Insurance funds will all be retained by the seller.
More Information MLS# 6998956
Contract Info
Ownership: Fee Simple
Current Price: $350,000
List Price: $350,000
Status: Active
List Date: 2026-03-15
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 27 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 55
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1400
Legal: LOT 27 GREENWAY MANOR MCR 023347
Marketing Name: Greenway Manor
House Number: 2825
Compass: E
Street Name: PARADISE
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8326
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-055
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: see monsoon
Flood Zone: No
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1982
Zoning: Pad-13
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 27
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Rolled: 1
Floors
Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 8333
Operating Exp: 9733
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 29484
Pmt & Rate Info
Cap Rate: 5.59
Equity: 350000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Pool: 1
Clubhouse: 1
Play Area: 1
Heating
Forced Air: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Fenced: 1
Sidewalk(s): 1
Guard Gate: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
Private Maintained Road: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
None: 1
New Financing
Cash: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-316-6790
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1025
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 895
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1432
Avg SqFt: 1124
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 29th Street and Greenway
Directions: From Greenway, North on 29th st, west, on Marconi, Right or north on 28th st, and left on Paradise, Unit is on corner.
Geo Lat: 33.633178
Geo Lon: -112.021036
Income Expenses
Gross Annual Sch Inc: 29484
Net Operating Income: 19552
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Rolled
Floors: Tile; Carpet
Sale Includes: Land & Building
Community Features: Pool; Clubhouse; Play Area
Exterior Amenities: Landscape Water System; Fenced; Sidewalk(s); Guard Gate
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Forced Air
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash
Environmental: None
Listing Office:
Compass
Last Updated: March - 16 - 2026
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