3301 W HARMONT Drive Phoenix, AZ 85051
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 3301 W HARMONT Drive
- Year built
- 1974
- Property type
- Residential income homes
- Property subtype
- Residential land & home lots
Description
This exceptional 4-unit multifamily property located at 3301 W HARMONT Drive, Phoenix, AZ 85051, presents a compelling investment opportunity. The 3,656 square foot building currently boasts three fully occupied units generating a gross monthly rental income of $4,000. This strong cash flow provides immediate returns for investors. A significant value-add potential exists with the fourth unit, currently vacant. This unit offers the possibility of house hacking, allowing an owner-occupant to live in one unit while renting out the others, or maximizing rental income by securing a tenant. Once the fourth unit is rented, the property has the potential to generate a gross monthly income of $5,700. The property's location in Phoenix, Arizona, offers access to a thriving rental market. This multifamily investment is ideal for those seeking a strong cash-flowing asset with significant upside potential for increased profitability. The property is being offered at $879,000. Detailed financial information is available upon request. Serious inquiries only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- State
- Arizona
