$1,050,000
$1,249,990
16.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/21/2025
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6845883
Sold Date 05/21/25
Maintenance Fees $2,500
Year Built 1950
Annual Tax Amount $3,036
Tax Year 2024
Lot Dimensions 24,608
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Renovated in 2016, this fully occupied 7-unit property is enveloped by mature landscaping and shade trees.Built w/sturdy block construction, there are 4 1-bedroom, 1-bath units, 2 2-bedroom, 1-bath units & 1 two-bedroom, 2-bath unit. Nestled away from street noise, each unit includes a carport, extra parking, and storage spaces.This is an excellent investment opportunity to acquire a cash-flowing 7-unit complex in one of Phoenix's most sought-after rental markets, boasting a strong cap rate.Each unit is equipped with essential appliances (stove,fridge,dishwasher) ensuring convenience for every resident.The centrally located bldg within the complex features 2 leased washers & dryers, conveniently operated by coin or credit card,providing hassle-free access for all
Location
State AZ
County Maricopa
Zoning M-M
Interior
Heating Electric
Cooling Central Air
Flooring Ceramic Tile
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features >1 Space Per Unit, On Street, Carport
Community Features No Pool
Roof Type Composition
Total Parking Spaces 17
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Peoria Unified School District
Others
Senior Community No
Tax ID 119-06-054
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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