4034 E MORELAND Street, Phoenix, AZ 85008
$1,170,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,170,000
Last Modified:
3/14/2026
Description
Grossing $7,650 a month. With OWNED solar panels. Individual meters. Recently updated roof, partial plumbing, dual-pane, HVAC and water heaters- 3 years old.
Ability to increase rents/ add rubs.
Exact same 2-bedroom, 1-bathroom layout.
Every unit is equipped with a full-size stackable washer and dryer, with its own private patio and low-maintenance yard. Each tenant has covered parking!
Situated in a rapidly developing neighborhood.
More Information MLS# 6933173
Contract Info
Ownership: Fee Simple
Current Price: $1,170,000
Sold Price: $1,170,000
Status: Closed
List Date: 2025-10-14
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): LOT 23 WHISPERING SANDS MCR 008305
Assessor's Parcel #: 25
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113700
Taxes: 930
Legal: LOT 23 WHISPERING SANDS MCR 008305
Marketing Name: 4034 E Moreland
House Number: 4034
Compass: E
Street Name: MORELAND
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 5558
County Code: Maricopa
Subdivision: WHISPERING SANDS
Assessor Number: 125-20-025
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 82.81x94.28x82.81x94.27
Total # of Units: 4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1963
Zoning: R-4
Legal Info
Range: 4E
Section: 6
Township: 1N
Lot Number: 23
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 3000
Annual Ins Exp: 2777
Annual Landscape Exp: 500
Annual Maint Exp: 1500
Annual Wtr/Swr Exp: 4608
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 13315
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 91800
Total Monthly Rental Income: 91800
Pmt & Rate Info
Cap Rate: 6.53
Equity: 1190000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Supra: 1
Other: 1
Community Features
No Pool: 1
Heating
Solar: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Shutters: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
>1 Space Per Unit: 1
Electric
Solar: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
VA: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1912
Avg SqFt: 780
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 40th St and McDowell
Directions: South to Belleview, jog SE to 40th street access road, S to Moreland, East to property on North side of street.
Geo Lat: 33.461557
Geo Lon: -111.99333
Status Change Info
Off Market Date: 2026-02-20
Under Contract Date: 2026-02-16
Close of Escrow Date: 2026-03-13
Sold Price: $1,170,000
Income Expenses
Gross Annual Sch Inc: 91800
Net Operating Income: 77687
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Shutters
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Solar
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Solar
Gas: None
Parking Features: Carport; >1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: Supra; Other
Existing 1st Loan: VA
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office:
The Ave Collective
Last Updated: March - 14 - 2026
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