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Key Details
Sold Price $260,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Jolly Acres
MLS Listing ID 5995330
Sold Date 12/16/19
Maintenance Fees $1,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1962
Annual Tax Amount $601
Tax Year 2019
Lot Dimensions 8427
Property Description
MULTIFAMILY TRI-PLEX INVESTMENT OPPORTUNITY PROVIDING IMMEDIATE CASH-FLOW! This is a great Tri-Plex with all Two Bedroom/One Bath units. Each unit has a secure, gated front patio entrance, and private back yard area. All of the units have ceramic tile floors, and are in good shape. Rents are way below market, new buyer has significant upside. This is a very desirable rental area, and units rent quickly. There is also access to employment, entertainment, transportation, parks, and schools very near by. Property has extra land to the east of patio fenceline, and also a closed off alley in back that could be utilized for more parking or even to build carports or storage units.
Location
State AZ
County Maricopa
Community Jolly Acres
Zoning R-3
Direction North on Cave Creek. East on Paradise Ln. South on 27th St. West on Monte Cristo to property on south side of street
Interior
Heating Central, Heat Pump, 2 or More Units, Natural Gas
Cooling Electric, Heat Pump, Central A/C, 2 or More Units
Flooring Carpet, Ceramic Tile
Appliance BI Oven/Range, W/D Hookup
Exterior
Parking Features Add'l Parking Avail, >1 Space Per Unit, Street Parking
Community Features No Pool
Roof Type Composition
Total Parking Spaces 3
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Abraham Lincoln Traditional School
High Schools Paradise Valley High School
School District Paradise Valley Unified District
Others
Senior Community No
Tax ID 214-40-042
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Conventional
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Bought with SVN/Desert Commercial Advisors