2444 E Willetta Street 3Phoenix, AZ 85008

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. Each unit is equipped with central air conditioning, tile flooring, or laminate and white cabinetry, stainless steal appliances, 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. All facts and figures are approximate buyer verify MLS info Owner Broker

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1981

Lot dimensions

irr

Parking spaces

8

Zoning

R-3

Days on market

37

Listing #

7082358

Property Features

Appliances

Refrigerator

Cooling

Central Air · Ceiling Fan(s)

Heating

Electric

Parking

Other

Construction

Other · See Remarks · Stucco

Roof

Composition

Community

Other

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$1,050Tax year 2025

Parcel number

121-78-035-A