$720,000
$775,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/17/2019
Key Details
Sold Price $720,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Income Acres
MLS Listing ID 5942484
Sold Date 12/17/19
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1931
Annual Tax Amount $3,064
Tax Year 2018
Lot Dimensions NA
Property Description
Rare 1 Acre corner lot in the extremely hot Melrose neighborhood. Lot is zoned currently zoned R3 and perfect for large scale multi-family development, especially with having frontage to 3 different streets. Current city zoning allows for 22 unit lot density. The sky is the limit here with this opportunity! Property currently has a 3-Plex and single family home on it, all are currently occupied by long term, month-to-month renters, totaling $2,600/mo. (House - $800, 1st Floor Units (2): $650 each, 2nd Floor Unit: $500). DO NOT DISTURB CURRENT TENANTS.
Location
State AZ
County Maricopa
Community Income Acres
Zoning Multi Family
Direction Turn South off of Camelback onto 7th Ave, then turn West onto W Coolidge, and property is on the South side of Coolidge where it dead-ends at 11 Avenue.
Interior
Heating Natural Gas
Cooling Other, See Remarks
Flooring Other
Exterior
Parking Features Free
Community Features No Pool
Amenities Available Other
Roof Type See Remarks, Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 155-37-039-A
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
Financing Other
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