$1,550,000
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SOLD DATE : 03/29/2022
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision University Addition
MLS Listing ID 6350583
Sold Date 03/29/22
Year Built 1974
Annual Tax Amount $1,843
Tax Year 2021
Lot Dimensions 50 Ft x 126.5 Ft
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
What an amazing opportunity in Central Phoenix! Owner has spent around $200K in the last 15 months renovating this property. This property consists of 5 individually metered 2 bed units and one 1 bed unit. Each unit is stunning with shaker cabinets, granite counters, stainless steel appliances, wood and tile flooring, new double pane windows, private laundry, and a backyard or a balcony. Brand new HVACs and a new roof were installed in 2021. Plenty of parking with 2 parking areas. This ideal location is just 1 block from the Phoenix Capitol. Easy access to all of the downtown sports, cultural, and entertainment venues making this an excellent candidate for short term rental use and increased revenue. See CURRENT AND PROFORMA RENTS at the document tab. This part of Phoenix is being revamped fast and is an excellent investment opportunity.
Location
State AZ
County Maricopa
Community University Addition
Area Maricopa
Zoning R-5
Direction Take 7th Avenue south to Polk St. Turn right onto Polk. Take slight right to Grand Ave and then turn left to Taylor.
Interior
Heating Individual, Natural Gas
Cooling Central Air, Ceiling Fan(s), Individual
Flooring Ceramic Tile
Appliance Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Parking Features >1 Space Per Unit, On Street, Carport
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 111-28-083
Acceptable Financing Other (See Remarks), Conventional, 1031 Exchange
Disclosures Seller Prop Disc Stm
Listing Terms Other (See Remarks), Conventional, 1031 Exchange
Financing Cash
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Bought with Bobbie Morgenstern Real Estate
