2825 E PARADISE Lane, Phoenix, AZ 85032 (MLS# 6998956)

2825 E PARADISE Lane, Phoenix, AZ 85032

$315,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $315,000 Last Modified: 5/08/2026

Overview

Description

Fire Sale! Literally. This 4 unit Multi-family dwelling has had two units damaged by fire. 2 units are still inhabitable and have tenants. This is a cash deal only, and we are entertaining all offers. The price is reflective of a starting point. Fully rebuilt, the units will sell for approximately $650k. Access can be had to assess damage only by a general contractor, and I highly recommend all safety precautions when entering. Units 101 and 102 are leased mtm, at $1432, and $1025 respectively. Insurance funds will all be retained by the seller.

Listing Details MLS# 6998956

Location, Tax & Legal

House Number: 2825
Compass: E
Street Name: PARADISE
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8326
Country: US
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-055
Tax Year: 2025
Assessor's Map #: 39
Legal Description (Abbrev): LOT 27 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 55
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1400
Legal: LOT 27 GREENWAY MANOR MCR 023347
Marketing Name: Greenway Manor

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: see monsoon
Year Built: 1982
Total # of Units: 4
# of Buildings: Yes
Zoning: Pad-13
Flood Zone: No
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 29th Street and Greenway
Directions: From Greenway, North on 29th st, west, on Marconi, Right or north on 28th st, and left on Paradise, Unit is on corner.

Status Change Info

Off Market Date: 2026-05-08
Under Contract Date: 2026-04-01
Close of Escrow Date: 2026-05-08

Legal Info

Township: 3N
Range: 3E
Section: 2
Lot Number: 27

More Information

Income Expenses

Gross Annual Sch Inc: 29484
Net Operating Income: 19552

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1025
Avg SqFt: 700
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 895
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1432
Avg SqFt: 1124
# Baths: 2

Contact Info

List Agent Home Phn: 602-316-6790

Sold Info

Loan Type: Other
Loan Years: 5
Payment Type: Balloon
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Rolled: Yes

Floors

Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: Yes
Annual Ownr Asoc Fee: 8333
Operating Exp: 9733
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 29484

Pmt & Rate Info

Cap Rate: 5.59
Equity: 350000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes
Clubhouse: Yes
Play Area: Yes

Heating

Forced Air: Yes
Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Fenced: Yes
Sidewalk(s): Yes
Guard Gate: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

Private Maintained Road: Yes

Water Source

City Franchise: Yes
Individual Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

1 Space/Unit: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Rolled Floors: Tile; Carpet Sale Includes: Land & Building Community Features: Pool; Clubhouse; Play Area Exterior Amenities: Landscape Water System; Fenced; Sidewalk(s); Guard Gate Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer Heating: Forced Air Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Road Responsibility: Private Maintained Road Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash Environmental: None

Listing Office: Compass

Last Updated: May - 08 - 2026