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Invest in this exceptional 8-unit complex in Phoenix. This multifamily comprises three 1-bedroom units and five studios, offering cash flow from day one. The property is fully fenced and includes one dedicated parking spot per unit. Plumbing, electrical, and HVAC upgraded in 2021. Each unit has its own sub-panel inside. All 1-bedroom units feature in-unit washer/dryers, while studios utilize a shared laundry facility on-site. With the area's high demand for affordable rentals, vacancies are rare. There's potential for adding value by replacing flooring and installing washer/dryers in rest of the units. The property's R-5 zoning allows for maximum density in multifamily development, presenting future redevelopment possibilities. DRIVE-BY ONLY. DO NOT disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.
Property Type(s):
Multi Family
Last Updated | 5/9/2024 | Tract | TIERRA VERDE |
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Year Built | 1946 | Community | TIERRA VERDE |
County | Maricopa |
Additional Details
AIR | Central Air, Electric |
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AIR CONDITIONING | Yes |
APPLIANCES | Washer/Dryer |
BUYER'S BROKERAGE COMPENSATION | 2.50 |
CONSTRUCTION | Block, Stucco |
HEAT | Electric |
LOT DIMENSIONS | 74' x 123' |
SEWER | Public Sewer |
SUBDIVISION | TIERRA VERDE |
TAXES | 948 |
ZONING | R-5 |
Location
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Listed with Fathom Realty
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 5/20/24 3:05 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 5/20/24 3:05 PM PDT.
This IDX solution is (c) Diverse Solutions 2024.