$1,475,000
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SOLD DATE : 11/12/2020
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tierra Frutal
MLS Listing ID 6135431
Sold Date 11/12/20
Maintenance Fees $4,500
Year Built 1961
Annual Tax Amount $5,020
Tax Year 2021
Lot Dimensions Retangular
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
23rd AVE is a 12-unit apartment community located less than two miles northwest of Phoenix's most prestigious employment hotspot, the Innovation Corridor. As a point of pride for the area, the corridor is comprised of midtown and downtown Phoenix, and boasts more than ±171,000 employees across ±1,700 businesses. The property is also positioned approximately two miles southwest of Christown Spectrum Mall - an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target. Developed in 1961, 23rd Ave is comprised of complementary mix of one- and two-bedroom floor plans averaging ±630-square-feet. Future ownership will have the opportunity to bring all units up to market rent burning through the in-place loss-to-lease and to add a RUBS or
utility recapture for domestic water,
Location
State AZ
County Maricopa
Community Tierra Frutal
Zoning R-3
Interior
Heating Individual, Electric
Cooling Individual, Electric, Ceiling Fan(s)
Appliance FS OvenRange, Refrigerator
Exterior
Parking Features Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 15
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Westwind Elementary School
Middle Schools R E Simpson School
High Schools Alhambra High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 154-16-006-A
Acceptable Financing No Carry, Conventional, FHA, VA Loan
Listing Terms No Carry, Conventional, FHA, VA Loan
Financing Conventional
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