2444 E WILLETTA Street 4, Phoenix, AZ 85008

$750,000

Property Type: Multiple Dwellings Status: Active

Current Price: $750,000 Last Modified: 7/25/2026

Overview

Description

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 upside while maintaining occupancy stability.

Supplements: 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 su ... (Read more)

Listing Details MLS# 7058509

Location, Tax & Legal

House Number: 2444
Compass: E
Street Name: WILLETTA
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4653
Country: US
County Code: Maricopa
Subdivision: DEL REY LOTS 101-140
Assessor Number: 121-78-035-A
Tax Year: 2025
Unit #: 4
Assessor's Map #: 78
Legal Description (Abbrev): DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
Assessor's Parcel #: 35
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113501
Taxes: 1050
Legal: DEL REY LOT 32 S 130.18' EX W 56' & PT ABAND MAR CAN DESC AS BEG SE COR LOT 32 TH N ALG E LN 93
Marketing Name: Four at Willetta

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 6,595
Year Built: 1981
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Creighton Virtual Academy
Jr. High School: Creighton Virtual Academy
High School: Camelback High School

Remarks Misc

Cross Street: Mcdowell and 24th St

Legal Info

Township: 1N
Range: 3E
Section: 2
Lot Number: 32

Income Expenses

Gross Annual Sch Inc: 63600
Net Operating Income: 51050

More Information

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 475
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1450
Avg SqFt: 675
# Baths: Yes

Project Type

Four Plex: Yes

Other Type

Other (See Remarks): Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Tile: Yes

Sale Includes

Other (See Remarks): Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2600
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 3000
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 2000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 12550
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 63600
Total Monthly Rental Income: 5300

Pmt & Rate Info

Cap Rate: 6.81
Down Payment: 0
Equity: 750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Central: Yes

Cooling

Central Air: Yes

Exterior Amenities

Other (See Remarks): Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Electricity: Yes

Appliances Included

Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Other: Yes

Electric

Other (See Remarks): Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Other (See Rmks): Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Other Type: Other (See Remarks) Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Tile Sale Includes: Other (See Remarks) Community Features: Other Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Other Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange; Other (See Remarks) Environmental: None

Listing Office: Real Broker

Last Updated: July - 25 - 2026