$500,000
$510,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/11/2020
Key Details
Sold Price $500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Greenfield Acres
MLS Listing ID 6078798
Sold Date 08/11/20
Maintenance Fees $1,000
Year Built 1971
Annual Tax Amount $1,351
Tax Year 2019
Lot Dimensions 72x152x72x152
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Here is the opportunity you have been waiting for. There are four 2 bed 1 bath units with tile floors, a back yard/patio area and one covered parking space per unit. The building has a newer roof, newer HVAC units and newer water heaters. Entire building and block fence was just painted! Long term renters in place, but current rent comps show the ability to raise rents by 35% or more! Coin-op laundry also increases the revenue for the owner. With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize. Excellent condition and AMAZING income opportunity. Drive by only, do not disturb tenants. Look in documents tab for rent roll and other items. Buyer and buyers agent to verify all facts and figures.
Location
State AZ
County Maricopa
Community Greenfield Acres
Zoning Multi-Family
Direction From Thomas head south on 20th Street. Turn right onto Virginia and unit is on the left.
Interior
Heating Natural Gas
Cooling Central Air
Flooring Carpet, Ceramic Tile, Vinyl
Appliance Free-Standing Range, Refrigerator, Washer/Dryer
Exterior
Parking Features Assigned, 1 Space/Unit, On Street, Carport
Community Features Other, See Remarks
Roof Type Other,Built-Up
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 117-06-103-G
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Century 21 Arizona Foothills
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "