$700,000
$750,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/10/2022
Key Details
Sold Price $700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6325134
Sold Date 06/10/22
Maintenance Fees $1,800
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1960
Annual Tax Amount $1,196
Tax Year 2021
Lot Dimensions 66' x 271'
Property Description
Here we go!! Value Add, 4 unit on 0.4 Acres in Biltmore/Midtown, right off the AZ51 and Indian School Rd. This is a unique property with many extras including unit patios, covered parking, laundry in most units, on a large 0.4 Ac lot (66'Wx271'D) with secure storage and wired workshop. Potential commercial use or redevelopment should also be considered.
The rear structure (3+/2) is an attached manufactured home (1988 built) with it's own gated parking that includes 4 covered spaces, a private back yard, covered patio, and container sized work-shed and extras.
The front building is a triplex including a 2/1, a S+/1, and second 2/1.
All units are on month to month leases and under market rent. All tenants are aware of the sale.
Rents listed below are projected, not actual.
Location
State AZ
County Maricopa
Zoning M-M/R-3
Direction West to 22nd St. South to Fairmount Ave. West to property.
Interior
Heating Central, Electric
Cooling Central A/C, Electric, Ceiling Fan(s)
Appliance Disposal, FS OvenRange, Refrigerator, WasherDryer
Exterior
Garage Common
Community Features Other
Waterfront No
Roof Type Composition, Foam
Parking Type Common
Total Parking Spaces 12
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 119-21-026-M
Acceptable Financing No Carry, 1031 Exchange, Trade
Listing Terms No Carry, 1031 Exchange, Trade
Financing Carryback
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