$2,400,000
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SOLD DATE : 11/10/2020
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Valencia
MLS Listing ID 6084243
Sold Date 11/10/20
Year Built 1960
Annual Tax Amount $7,625
Tax Year 2019
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Fastest growing city by % in US! City of Buckeye 28 package includes a 20 unit community & separate 8 unit bldg. The two complexes are 1/2 mile away. Interest-only Seller Financing is available w/ 20% down, but not required. The 20 units consist of 10 identical duplex buildings w/ a 2 br/1 br mix over 1300 SF/bldg. 10 adjacent separate lots (6750 SF per). Addresses: 212-218 4th Ave & 209-223 5th Ave. Built 1960. Similar duplexes nearby have sold for $147K, another pending at $216K. The other complex w/ this package is 802 E. Monroe. It is an 8 unit adobe-style build. w/ seven studios & a 1 br. Owners have invested heavy cap ex, but still more value-add/blue sky to be had. Showings in escrow. OM, RR, Seller Financing details available. Buyer to complete & rely on own due diligence
Location
State AZ
County Maricopa
Community Valencia
Zoning M-H
Direction From the I-10, exit on N. Miller Road, south to main area of Buckeye. Also can reach Buckeye from Highway 85.
Interior
Heating Heat Pump
Cooling Central A/C, Individual, Electric, Other, Wall/Window Unit(s), See Remarks
Flooring Other
Exterior
Parking Features Other (See Remarks)
Community Features Other, See Remarks
Amenities Available Other
Roof Type Composition, Other, See Remarks
Total Parking Spaces 36
Private Pool No
Building
Sewer Other (See Remarks)
Water City Franchise
New Construction No
Schools
Elementary Schools Buckeye Elementary School
Middle Schools Buckeye Primary
High Schools Buckeye Union High School
School District Buckeye Union High School District
Others
Senior Community No
Tax ID 504-52-019
Acceptable Financing Conventional, 1031 Exchange, Owner May Carry, Wraparound
Disclosures None, Other (See Remarks)
Listing Terms Conventional, 1031 Exchange, Owner May Carry, Wraparound
Financing Carryback
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