$1,250,000
$1,250,000
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SOLD DATE : 01/31/2020
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Homeside Acres
MLS Listing ID 5982875
Sold Date 01/31/20
Maintenance Fees $329
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $5,571
Tax Year 2019
Lot Dimensions as recorded by title
Property Description
Turn-key affordability in Arcadia Lite! The Avatar offers a 8 unit building with pergola and courtyard entry. There is a total of 8 units at almost a 6% cap rate! (2) 3 bedroom units, (4) 2 bedroom units and (2) 1 bedroom units.
All units are 100% occupied and leased out at healthy rents with one-year leases. A new owner can simply step into a great location with stable cash flow and nothing to repair or renovate. This central Phoenix location is HOT, with renovation and redevelopment all around! People want to live near the shopping and entertainment Arcadia Lite affords. This unit is also permitted for assisted living if you choose to utilize in the future. The owner pays water/sewer/trash/landscaping; tenant pays electric and cable. There is covered parking in the rear of the building and plenty of street parking for any over night guests. Schedule a showing today! This investment opportunity simply won't last!
Location
State AZ
County Maricopa
Community Homeside Acres
Zoning multi family
Direction South on 21st Street to property on right!
Interior
Flooring Carpet, Ceramic Tile
Appliance WD Hookup, BI OvenRange
Exterior
Garage Paved Parking, Free, Assigned, 1 Space/Unit, Common
Community Features Barbecue, No Pool
Waterfront No
Roof Type Composition
Parking Type Paved Parking, Free, Assigned, 1 Space/Unit, Common
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools Madison Park School
Middle Schools Madison Camelview Elementary
High Schools Camelback High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 163-31-036-F
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
Financing Conventional
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