Phoenix, AZ 85021,9411 N 13TH Avenue
Phoenix, AZ 85021,9411 N 13TH Avenue
Phoenix, AZ 85021,9411 N 13TH Avenue
Phoenix, AZ 85021,9411 N 13TH Avenue
Phoenix, AZ 85021,9411 N 13TH Avenue
Phoenix, AZ 85021,9411 N 13TH Avenue
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$2,525,000

$2,750,000

8.2%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/21/2021

Key Details

Sold Price $2,525,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Foothill Acres Lots 33-48 & 58-59

MLS Listing ID 6204522

Sold Date 05/21/21

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1977

Annual Tax Amount $2,556

Tax Year 2020

Lot Dimensions Unk

Property Description

Westmere is a low density, garden style community of 25 units in North Phoenix. Constructed in 1976,the community is comprised of 24 one and two bedroom units and a converted laundry room. Average unit size is 602 SF. Roofs were recently redone and a majority of the rooftop ACs are new. Some interior units have been upgraded. The property is individually metered for electricity and water. Westmere represents a great value add opportunity for a new owner through continued unit upgrade/conversion and lease burn-off/increases. (seven of the units have been converted from 1-bed units to 2-beds.) Unit conversions bring an approximate $200 per unit increase. A new owner can further enhance the asset by converting eight more units into 2-beds, adding backyards and converting the... ...and converting the laundry room back into a rental unit. This North Phoenix neighborhood is a high demand area situated close to the Phoenix core and is fast evolving with new development andapartment upgrades. Westmere represents a great value, both on a price per unit and price per square foot basis. Buyer to verify zoning, unit counts, and all facts regarding conversion.

Location

State AZ

County Maricopa

Community Foothill Acres Lots 33-48 & 58-59

Zoning R-4

Direction North on 13th Avenue to property

Interior

Heating Individual, Electric

Cooling Individual, Heat Pump

Flooring Concrete

Appliance FS OvenRange, Refrigerator

Exterior

Community Features No Pool

Waterfront No

Roof Type Built-Up

Total Parking Spaces 54

Building

Sewer Public Sewer

Water City Franchise

Schools

School District Glendale Union High School District

Others

Senior Community No

Tax ID 158-33-026-A

Acceptable Financing No Carry, Conventional, 1031 Exchange

Listing Terms No Carry, Conventional, 1031 Exchange

Financing Cash

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Arizona Regional MLS (ARMLS)
Listed by REI Marketing
Bought with REI Marketing
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(602) 999-2965

jason@axisre.com

727 E Bethany Home Rd D-222, Phoenix, AZ, 85014, United States

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