$275,000
$299,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 01/13/2020
Key Details
Sold Price $275,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ohlinger Tract 1
MLS Listing ID 6014817
Sold Date 01/13/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1956
Annual Tax Amount $628
Tax Year 2019
Lot Dimensions 8366
Property Description
One of the best priced 4 unit buildings on the market for this new listing west of Downtown Phoenix and just off the I-10. This property consists of two buildings. Building A has a 3 br/1 br. Building B has a 2 br/2br. Excellent unit mix with very high rental upside as rents are below market. Several upgrades over the last several years, including all units being remodeled in last 4 years. All leases expire in 2020. Newer electrical system with permits. 1 meter/building. Owner pays all utilities currently. Long term local owner who has managed the property. Excellent value-add opportunity with a very deep rental base in a nicely gentrifying area of Phoenix. Unit square feet estimated. Buyer to complete and rely on own due diligence.
Location
State AZ
County Maricopa
Community Ohlinger Tract 1
Zoning R-3
Direction I-10 to 35th Avenue, exit south to Grant, west to property.
Interior
Heating Floor Furnace, Wall Furnace
Cooling Evaporative Cooling
Flooring Other
Appliance FS OvenRange, Refrigerator, WD Hookup, BI OvenRange
Exterior
Community Features Other, See Remarks
Roof Type See Remarks, Other
Total Parking Spaces 8
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 106-26-008
Acceptable Financing Conventional
Listing Terms Conventional
Financing Other
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