$760,000
$785,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/15/2024
Key Details
Sold Price $760,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Northern Lanai Unit One
MLS Listing ID 6666026
Sold Date 03/15/24
Maintenance Fees $7,225
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1974
Annual Tax Amount $2,191
Tax Year 2023
Lot Dimensions 8998
Property Description
The Northern Lanai fourplex offers a 7.1% Cap Rate. The unit mix consists of one 3-bedroom/2-bathroom (fully remodeled) and three 2-bedroom/1-bathroom units. The building has a four car garage + more uncovered parking spaces and on-site laundry. Each unit has it's own private patio and is separately metered for electric. Total estimated annual gross income: $71,507.76. Drive-by Only, Do Not Disturb Tenants.
Location
State AZ
County Maricopa
Community Northern Lanai Unit One
Zoning R-4
Direction Located on 33rd Avenue North of Northern Avenue.
Interior
Heating Individual, Electric
Cooling Individual, Electric
Flooring Ceramic Tile, Vinyl
Appliance F/S Oven/Range, Microwave
Exterior
Parking Features Paved Parking, Free, Auto Door Opener, Attached, <1 Space Per Unit
Community Features No Pool
Roof Type Composition
Total Parking Spaces 8
Garage Yes
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
High Schools Cortez High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 150-09-907
Acceptable Financing No Carry, Conventional, 1031 Exchange, VA Loan
Listing Terms No Carry, Conventional, 1031 Exchange, VA Loan
Financing Cash
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