$625,000
$625,000
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SOLD DATE : 10/02/2020
Key Details
Sold Price $625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Thomas Place
MLS Listing ID 6119774
Sold Date 10/02/20
Maintenance Fees $1,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $1,843
Tax Year 2019
Property Description
RARE turnkey fourplex in an established neighborhood of the Central Phoenix Corridor. All units are 2 bed/1 bath w/ tile floors and updated kitchens & baths. There is an onsite laundry room w/ coin-op washer/dryer (owned) that can generate up to $150/month in additional income. Each unit individually metered for electricity, and a 5th meter for the laundry room & common area lighting. The entire perimeter is fenced with 4 parking spaces at the rear of the property, along with ample street parking. Recent improvements include: new electric sub-panels in each unit, easy desert landscaping refresh, all new exterior paint, new commercial washer (2020), and a new A/C (2020). Quiet street is located just a couple blocks from the light rail station on Central. No HOA - excellent Airbnb potential!
Location
State AZ
County Maricopa
Community Thomas Place
Zoning Multi-Family
Direction From Indian School, head South on 4th street. Building is on the East side of 4th street just south of Fairmont.
Interior
Heating Individual, Electric
Cooling Individual
Appliance Disposal, FS OvenRange, Refrigerator
Exterior
Community Features Other, See Remarks
Waterfront No
Roof Type See Remarks, Rolled/Hot Mop
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise, Master Meter
Schools
Elementary Schools Longview Elementary School
Middle Schools Osborn Middle School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 118-24-111-A
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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