$1,175,000
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SOLD DATE : 02/07/2020
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision El Mirage 3 Tr U, S
MLS Listing ID 5992715
Sold Date 02/07/20
Maintenance Fees $7,500
Year Built 1973
Annual Tax Amount $784
Tax Year 2019
Lot Dimensions 25200
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
3-5 plexes on 3 parcels.This offering of 14 (2 Bd/1 Bath) & 1 (1 Bd/1Bath) units is located in the city of El Mirage. The property is fully occupied with the exception of 1 unit which is currently being utilized as an office/storage for the property..The current owner plans to return it to a rented unit in December.
All units fully renovated in past 3-5 years. Easy Desert Landscape makes upkeep a breeze! Plenty of parking for all units!! HUGE UPSIDE! 6.75 cap rate on market/proforma rents. 2 roofs recently replaced.
Located in the West Valley between Surprise and Sun City, just off US 60 and the 101.
Location
State AZ
County Maricopa
Community El Mirage 3 Tr U, S
Zoning MU
Direction Take Exit 11 from AZ-101 to 91st Ave toward US60/Grand Ave Take US60/Grand Ave NW to Thunderbird Rd Turn Left onto Thunderbird Rd Turn Right onto North Palm St Property will be on the right
Interior
Heating Window/Wall Unit(s)
Cooling Evaporative Cooling, Window/Wall Unit
Appliance FS OvenRange, Refrigerator
Exterior
Community Features No Pool
Roof Type Metal, Composition
Total Parking Spaces 5
Private Pool No
Building
Sewer Sewer - Public
Water City Franchise
New Construction No
Schools
School District Dysart Unified District
Others
Senior Community No
Tax ID 501-27-077
Acceptable Financing New Financing Conventional5
Disclosures Seller Prop Disc Stm
Listing Terms New Financing Conventional5
Financing Cash
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Bought with Better Homes & Gardens Real Estate SJ Fowler