$750,000
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SOLD DATE : 01/06/2022
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Northern Lanai Unit 1
MLS Listing ID 6323730
Sold Date 01/06/22
Maintenance Fees $2,007
Year Built 1974
Annual Tax Amount $2,158
Tax Year 2021
Lot Dimensions Irr 9382
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Stable, well-performing 4-plex in established N. Phx neighborhood close to I-17 freeway, light rail access, GCU, ASU West, and potential redevelopment projects at Metrocenter. Newer stucco building with (1) 3bed/2bath, (3) 2bed/1bath units and 4 garage spots, with a private yard for the main unit. Full renovation to the main 3/2 unit w/modern decor, along with many updates to the remaining 2/1 units. On-site laundry (2 washers/2 dryers) and all units indiv metered for electric (tenant paid). Property is in great condition with over $120k invested in renovations/improvements including new roof, dual-pane windows throughout, and new irrig. system. Main unit is vacant so property could qualify for FHA loan, all other units are MTM. Gross rents around $52000/yr with plenty of room for increase
Location
State AZ
County Maricopa
Community Northern Lanai Unit 1
Zoning R-4
Direction From 35th Ave & Northern Ave: go East to 33rd Ave, North to property on left
Interior
Heating Heat Pump, Electric
Cooling Central Air, Ceiling Fan(s), Electric, Individual
Flooring Carpet, Ceramic Tile, Vinyl
Appliance Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features Paved, Add'l Parking Avail, Garage Door Opener, Attached, >1 Space Per Unit, On Street
Community Features No Pool
Roof Type Composition
Total Parking Spaces 8
Garage Yes
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
Elementary Schools Alta Vista Elementary School
Middle Schools Palo Verde Middle School
High Schools Cortez High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 150-09-909-A
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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