$615,000
$675,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/16/2020
Key Details
Sold Price $615,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Idle Ease
MLS Listing ID 6045549
Sold Date 07/16/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1964
Annual Tax Amount $1,071
Tax Year 2019
Lot Dimensions 12039
Property Description
Value-add opportunity with below market rents. 100% rent collection & occupancy during COVID-19! All units have HVAC units/ind. metered electric.
Solid North Phoenix rental market. All 1 bedroom/1 bathroom units that are 525 SF with walk-in closets. Current rents are $500/unit +/- per owner. Ability to raise rents immediately. Though some recent upgrades have been completed, this complex will need more upgrading to capture market rents. Competitively priced under $85K/unit, this consists of two 4 unit buildings on a jumbo sized corner lot. No showings until escrow, please do not disturb the tenants. Buyer to complete and rely on own due diligence. OM available upon request. *OFFERS CONSIDERED
Location
State AZ
County Maricopa
Community Idle Ease
Zoning M-H
Direction Take Hatcher Road to 17th Ave, north on 17th Ave to property on corner lot.
Interior
Heating Electric
Cooling Individual, Electric
Exterior
Parking Features Common
Community Features No Pool
Amenities Available Other
Roof Type Composition, Rolled/Hot Mop
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 158-21-104-D
Acceptable Financing Conventional
Listing Terms Conventional
Financing Other
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