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A rare find in this market. Great 4 unit property all with 2 bedrooms and 1 bathroom. 3 of the units have been extensively remodeled with new flooring, new kitchen cabinets, counters and appliances, new vanities, tubs and toilets, popcorn ceilings have been removed. This four plex is part of a 48 unit complex of 12 individually owned 4 plex buildings. Units C and D have private fenced yards. Roof was new in 2018. Unit A - new A/C in 2023. Unit D - new A/C in 2021. Unit C - new A/C in 2020. 100% occupied at below market rates. Market rents indicate a $1250-$1350 per month rate is possible, making the CAP rate a terrific 7%+. Community laundry. NO HOA!
Property Type(s):
Multi Family
Last Updated | 5/7/2024 | Year Built | 1963 |
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County | Maricopa |
Price History
Prior to May 7, '24 | $699,000 |
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May 7, '24 - Today | $679,000 |
Additional Details
AIR | Ceiling Fan(s), Central Air, Electric, Heat Pump |
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AIR CONDITIONING | Yes |
BUYER'S BROKERAGE COMPENSATION | 2.50 |
CONSTRUCTION | Block |
HEAT | Electric, Heat Pump |
LOT DIMENSIONS | 9583 total sq ft. |
SEWER | Public Sewer |
TAXES | 1725 |
ZONING | R-3 |
Location
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Listed with McMath Realty LLC
The ARMLS logo indicates a property listed by a real estate brokerage other than Joe Szabo RE/MAX Fine Properties.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 5/7/24 9:03 PM PDT.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 5/7/24 9:03 PM PDT.
This IDX solution is (c) Diverse Solutions 2024.