$2,600,000
Peoria, AZ 85345
MLS# 7015054
1 / 47
Property 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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,600,000
List Price: $2,600,000
Status: Active
List Date: 2026-04-16
Location, Tax & Legal
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
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
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 16
Lot Size Dimensions: .647 acres
Total # of Units: 9
Elementary School District: Peoria Unified School District
High School District: Peoria Unified School District
Year Built: 2001
Zoning: RM-1
Legal Info
Range: 1E
Section: 23
Township: 3N
Lot Number: 40
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Stone: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Satellite Dish: 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Road Access Type
City Street: 1
Private Road: 1
Road Surface Type
Concrete: 1
Dirt: 1
Gravel: 1
Source of Fincl Data
Books Shwn Accpt Ofr: 1
Road Responsibility
City Maintained Road: 1
Private Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
On Street: 1
Add'l Parking Avail: 1
Assigned: 1
Attached Carport: 1
Off Street: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1262.5
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1300
Avg SqFt: 698
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
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
Geo Lat: 33.591648
Geo Lon: -112.229503
Income Expenses
Gross Annual Sch Inc: 138600
Net Operating Income: 114970
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
Last Updated: April - 16 - 2026
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