2444 E Willetta Street #1, Phoenix, AZ 85008
Local realty services provided by:CENTURY 21 Northwest Realty
2444 E Willetta Street #1,Phoenix, AZ 85008
$850,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: sophia j willets, garrett pedicini
Office: get multifamily
MLS#:7000022
Source:ARMLS
Price summary
- Price:$850,000
About this home
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...
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Home facts
- Year built:1981
- Listing ID #:7000022
- Updated:March 18, 2026 at 11:17 AM
Rooms and interior
- Flooring:Tile
Heating and cooling
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1981
- Construction Materials:Painted, Stucco
Schools
- High school:Camelback High School
- Middle school:Creighton Virtual Academy
- Elementary school:Creighton Virtual Academy
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$850,000
- Tax amount:$1,050 (2025)
Parking
- Total parking spaces:8
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