Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,350,000
Last Modified:
9/20/2025
Search
11507 N 79TH Drive, Peoria, AZ 85345
$1,350,000
Description
This exceptional real estate opportunity consists of three parcels featuring two duplexes, three single-family homes, and a garage. A significant portion of the land remains vacant, offering ample space for future development. The property is zoned for multi-family use, proving potential for growth and expansion in a desirable area. This versatile investment is perfect for developers or investors looking to capitalize on the thriving local market. Don't miss the chance to explore the possibilities this property has to offer!
More Information MLS# 6841463
Contract Info
Ownership: Fee Simple
Current Price: $1,350,000
List Price: $1,350,000
Status: Active
List Date: 2025-03-26
Location, Tax & Legal
Building Number: 7
Assessor's Map #: 6
Legal Description (Abbrev): LOT 47 VARNEY TRACT MCR 003011
Assessor's Parcel #: 84
Add'l Parcels: Yes
Tax Municipality: Peoria
Census Tract: 71910
Taxes: 1710
Legal: LOT 47, 48 VARNEY TRACT MCR 003011
Marketing Name: Varney Tract
House Number: 11507
Compass: N
Street Name: 79TH
St Suffix: Drive
City/Town Code: Peoria
State/Province: AZ
Zip Code: 85345
Zip4: 1356
County Code: Maricopa
Subdivision: VARNEY TRACT
Assessor Number: 142-06-084
Tax Year: 2024
General Property Description
# of Buildings: 6
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 084: 100x300, 085: 40x100, 087: 100x200x20x300
Total # of Units: 7
Elementary School District: Peoria Unified School District
High School District: Peoria Unified School District
Year Built: 1955
Zoning: RM-1
Legal Info
Range: 1E
Section: 23
Township: 3N
Lot Number: 47,48
Project Type
Duplex: 1
5 - 12 Units: 1
Other (See Remarks): 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1710
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 34200
Pmt & Rate Info
Cap Rate: 2.18
Equity: 1450000
Down Payment %: 10
Monthly Payments: 3000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Wall Furnace: 1
Electric: 1
Window/Wall Unit(s): 1
Cooling
Evaporative Cooling: 1
Central Air: 1
Electric: 1
Window/Wall Unit: 1
Individual: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Dirt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 4
Avg Rent: 562.5
Avg SqFt: 1050
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 562.5
Avg SqFt: 1050
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 0
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 750
# Baths: 15
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Directions: Cactus road to 79th Ave then head south on 79th Ave. Take a right on W Cholla Street. Then a right on N 79th Drive. Entrance is on the right off 79th Drive.
Geo Lat: 33.589728
Geo Lon: -112.229501
Income Expenses
Gross Annual Sch Inc: 36000
Net Operating Income: 31650
Property Features
Project Type: Duplex; 5 - 12 Units; Other (See Remarks)
Other Type: House + Rental Units
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator
Heating: Window/Wall Unit(s); Wall Furnace
Cooling: Electric; Window/Wall Unit; Evaporative Cooling; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; Add'l Parking Avail; Free
Road Surface Type: Dirt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office:
eXp Realty
Last Updated: September - 20 - 2025
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