$735,000
$748,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/25/2020
Key Details
Sold Price $735,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Foothill Acres Lots 33-48, 58-59
MLS Listing ID 6085760
Sold Date 11/25/20
Maintenance Fees $4,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1949
Annual Tax Amount $1,887
Tax Year 2019
Lot Dimensions 134x100
Property Description
Income, Income, Income!!!
Shangri-la is a high performing investment opportunity with immediate value-add upside. Buyer can add an additional $4,750-$5,350 of annual income by raising rents, charging for laundry and finishing out the RUBS program.
Shangri-la sits just over half a mile away from HonorHealth John C. Lincoln Medical Center, a 266-bed, full service hospital and all the retail shops which support it. Just steps from Shangri-la are the Grand Canal and the North Mountain & Shaw Butte Trailheads, which provide miles of hiking and biking trails.
Shangri-la provides strong cash flow with top of the market cap rates and all right in the heart of Phoenix's Central Corridor.
Location
State AZ
County Maricopa
Community Foothill Acres Lots 33-48, 58-59
Zoning C-2
Direction Property is just south of Hatcher on the West side of 7th Avenue.
Interior
Heating Individual, Heat Pump, Window/Wall Unit(s), 2 or More Units, Electric, Natural Gas
Cooling 2 or More Units, Heat Pump, Evaporative Cooling, Wall/Window Unit(s), Ceiling Fan(s)
Flooring Other
Appliance FS OvenRange, Refrigerator, Microwave, WasherDryer
Exterior
Garage Common
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Common
Total Parking Spaces 15
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 158-31-002
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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