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About the Listing gemu001 - sb658,gp1248
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 upside while maintaining occupancy stability. Each unit is equipped with central air conditioning, tile flooring, and white cabinetry, and all units feature private backyard spaces--an amenity that differentiates the asset from competing properties and supports tenant retention. The property has undergone recent exterior capital improvements, including new paint, upgraded fencing and gates, modernized entry doors, enhanced lighting, and refreshed landscaping. Additionally, the seller is in the process of recoating the asphalt, further reducing near-term capital expenditure requirements. Positioned in one of Phoenix's most sought-after infill locations, the asset benefits from close proximity to the Biltmore financial district, Arcadia retail and dining, and major transportation corridors. Four at Willetta represents an opportunity to acquire a proven, cash-flowing asset with strong historical occupancy, minimal deferred maintenance, and the ability to drive revenue growth through rental adjustments in a supply-constrained submarket. Recent appraisal of $960,000 this is priced to sell. Owner/ Agent All facts and figures are approximate buyer verify MLS
Listing Highlights
Status
Active
Days on Site
38
Property Type
Multi-Family
MLS ®
7000022
Year Built
1981
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Del Rey Lots 101-140
School District
Creighton Elementary District
Elementary School
Creighton Virtual Academy
Middle School
Creighton Virtual Academy
High School
Camelback High School
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Composition
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $1,050
- Taxes w/Assessments: N/A
- Tax/Property ID: 121-78-035-A
- Tax Year: 2025
Payment Calculator
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Questions About..
2444 E Willetta St Unit 1 Phoenix, AZ 85008
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