$510,888
$548,888
6.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/10/2020
Key Details
Sold Price $510,888
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Northern Lanai Unit One
MLS Listing ID 6140533
Sold Date 12/10/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1974
Annual Tax Amount $2,085
Tax Year 2020
Lot Dimensions 8760
Property Description
Buyer to verify all facts, figures and financials. Amazing cash flow and great FOURPLEX property in prime Phoenix location! One 3 Bed/2 Bath Unit and Three 2 Bed/1Bath Units. Individually metered for electric. Units have tile/vinyl floors, garages, and yards/balconies, so tenants love them! All units rented for $3750, but plenty of upside to increase to $4000+ (3 bed is currently at under $950). Location is amazing - next to major shopping and freeways. HOA provides tenants with community pool and takes care of community maintenance. Coin-op laundry in building for extra cash. New roof in 2011 and ACs in 3&4 replaced in 2016. Don't miss out on this multi-family with great financials and real-estate fundamentals! Please do not disturb tenants, showing after accepted contract.
Location
State AZ
County Maricopa
Community Northern Lanai Unit One
Zoning R-5
Direction Northern & 35th Ave Directions: From the I-17 go West on Northern Ave., and turn Right onto 33rd Ave. Building will be the 4th on your left side.
Interior
Heating Electric
Cooling Central A/C
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator
Exterior
Parking Features Paved Parking
Community Features Pool
Roof Type Composition
Total Parking Spaces 8
Garage Yes
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Washington Elementary School - Phoenix
Middle Schools Palo Verde Middle School
High Schools Cortez High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 150-09-881
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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