UPDATED:
02/14/2025 08:09 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Encanto Westwood
MLS Listing ID 6756497
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1953
Annual Tax Amount $1,391
Tax Year 2023
Lot Dimensions 16848
Property Description
Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix's most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown's vibrant cultural, business, and lifestyle scene. Rare opportunity to acquire a top-performing asset in a high-growth market.
Location
State AZ
County Maricopa
Community Encanto Westwood
Zoning [M-H] MULTI-FAM
Interior
Heating Individual, Central, Natural Gas
Cooling Ceiling Fan(s), Individual, Central A/C
Flooring Other, Ceramic Tile, Concrete
Appliance F/S Oven/Range, Microwave, Washer/Dryer
Exterior
Parking Features Other (See Remarks), Street Parking, Common
Community Features Other, Barbecue, Shuffle Brd/Lawn Bwl, Golf/Putting Green, Play Area
Roof Type Composition
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise, Individual Meter
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-15-091
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
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