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Key Details
Sold Price $1,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Vista Income Estates 2
MLS Listing ID 6203350
Sold Date 09/23/21
Maintenance Fees $4,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1968
Annual Tax Amount $2,265
Tax Year 2020
Lot Dimensions 18,200
Property Description
Great value-add with this quaint, 9 unit property in a fast improving North Phoenix neighborhood. Unit mix consists of 2 Studios – 3 One Bedrooms – 2 Two Bedrooms & 2 Two Bedrooms plus Den or could be 3rd bedroom. Property is low maintenance with steady Tenant base and offers residents a home style living experience with fenced yards, on-site Laundry and a Central courtyard. The asset has undergone substantial improvements such as new exterior paint, interior upgrades as units were turned over, and new roofs on 2 of the 3 buildings. AC units have been replaced as needed. Local commercial amenities nearby include Sprouts Farmers Market, Starbuck, LA Fitness & Fry's Market Place. Easy access to I-17. Short drive to some of the best North Central Corridor Restaurants. Great property to ride the Phoenix rental boom while adding value by bringing rents to market and through further upgrades.
Location
State AZ
County Maricopa
Community Vista Income Estates 2
Zoning R-3
Direction W on NORTHERN AVE, S on 21st Ave, to Morten & property is on S/W Corner of Morten
Interior
Heating Individual, Window/Wall Unit(s)
Cooling Individual, Wall/Window Unit(s)
Flooring Carpet
Appliance F/S Oven/Range
Exterior
Garage Free, 1 Space/Unit
Community Features Other, See Remarks, No Pool
Waterfront No
Roof Type Composition
Total Parking Spaces 9
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction Yes
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 157-22-039
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Other
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Bought with Desert Dimensions Properties
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