$474,900
Phoenix, AZ 85009
MLS# 7014410
1 / 1
Property Description
Fantastic Investor opportunity! Perfect for the seasoned investor to add to their portfolio or an owner-occupant who wants passive income from stabilized rents. Each unit is a 1 bedroom, 1 bathroom with the front and rear units (2034 W Cypress St) sharing a rear yard and 2032 W Cypress St enjoying a private yard and gated, covered parking. All appliances and lockable storage shed in the rear yard are landlord owned and convey in sale. This is a solid property that's ready for its new owner. Reach out with any questions.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $474,900
List Price: $474,900
Status: Active
List Date: 2026-04-15
Location, Tax & Legal
Assessor's Map #: 53
Legal Description (Abbrev): VILLA VERDE AC
Assessor's Parcel #: 26
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116800
Taxes: 971
Legal: VILLA VERDE AC
Marketing Name: Villa Verde Acres
House Number: 2032
Compass: W
Street Name: Cypress
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 2851
Country: US
County Code: Maricopa
Subdivision: VILLA VERDE ACRES
Assessor Number: 110-53-026
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 72 x 95
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Capitol Elementary School
Jr. High School: Capitol Elementary School
High School: Central High School
Year Built: 1952
Zoning: R1-6
Legal Info
Range: 2E
Section: 36
Township: 2N
Lot Number: 12
Project Type
Tri-Plex: 1
Construction
Brick: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Landscape Exp: 810
Annual Maint Exp: 2040
Annual Wtr/Swr Exp: 1620
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5441
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 39318.6
Pmt & Rate Info
Cap Rate: 7.13
Equity: 474900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Cable TV Available: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
On Street: 1
>1 Space Per Unit: 1
RV Access/Parking: 1
Attached Carport: 1
Electric
APS: 1
Master Meter: 1
Submetered System: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1150
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 19th Ave & McDowell Rd
Directions: North to Encanto Blvd, West to 20th Ave, South to Cypress St, West to property.
Geo Lat: 33.471952
Geo Lon: -112.103841
Income Expenses
Gross Annual Sch Inc: 41388
Net Operating Income: 33877.6
Property Features
Project Type: Tri-Plex
Construction: Brick
Const - Finish: Painted
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Cable TV Available
Appliances Included: Refrigerator; Washer/Dryer
Heating: Natural Gas
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Master Meter; Submetered System
Gas: SW Gas
Parking Features: Carport; On Street; >1 Space Per Unit; RV Access/Parking; Attached Carport
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; FHA; Conventional
Environmental: None
Listing Office: eXp Realty
Last Updated: April - 25 - 2026
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