$665,000
$699,500
4.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/28/2023
Key Details
Sold Price $665,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Garden Villas
MLS Listing ID 6601899
Sold Date 11/28/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $1,668
Tax Year 2022
Lot Dimensions Unlnown
Property Description
A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. Extensively remodeled in 2020 with new flooring, new kitchen cabinets and appliances, new vanities, tubs and toilets popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owner 4 plex buildings. Units C and D have private small fenced yards. Roof was new in 2018 and unit B and C had new AC units installed in 2019. 100% occupied at below market rates. All tenants are month to month so rents can be raised. Market rents indicate a $1250-$1350 per month rate is possible., making the CAP rate a terrific 7%+. Community laundry. NO HOA! For owner occupants there is a fully ASSUMABLE FHA loan with a fixed rate of 2.99%!
Location
State AZ
County Maricopa
Community Garden Villas
Zoning R4
Direction From I-17 head east on Cactus to Garden Villas on the north side of the road just before 19th Ave.
Interior
Flooring Ceramic Tile
Appliance FS OvenRange
Exterior
Parking Features 1 Space/Unit
Roof Type Built-Up
Total Parking Spaces 1
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Shaw Butte School
Middle Schools Washington Elementary School - Phoenix
High Schools Glendale High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 149-04-016
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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