$1,014,000
$1,100,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/05/2022
Key Details
Sold Price $1,014,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Vista Income Estates Unit 5
MLS Listing ID 6396529
Sold Date 07/05/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1985
Annual Tax Amount $2,273
Tax Year 2021
Lot Dimensions 17,460 sq ft.
Property Description
SUBMIT your Highest and Best OFFER NOW!!
VALUE ADD 6-PLEX with proven rents increase ability.
Six (6) 2/2 with 2 carports + Washer & Dryer + new/better plank vinyl + above average entryways for property class.
One unit is fully upgraded and rents for nearly $300 more a month.
Many tenants have lived here for 5+ years.
Property has maintained 100% occupancy for nearly the entire ownership period. Close to everything! Schools, Bus Line, Black Canyon Hwy/17.
SEE DOCS for Rent Roll with lease expiration dates.
SEE SUPPLEMENT for Highlights.
SERIOUS QUALIFIED BUYERS ONLY PLEASE!! FLOORING:
1 unit fully refurbished with plank vinyl
1 unit soon to have brand new tile flooring
4 units with newer vinyl plank or tile flooring
KITCHEN:
1 unit fully refurbished kitchen + all new appliances
5 units with improves finishes + many new appliances
AC UNITS:
2 AC units have been replaced with new units
2 more have new condensers and heat packs
2 have been refurbished.
We service all six AC units annually, and the most recent service was in March.
The owner believes in proactive service and repair/replacement as needed.
All units are in good condition.
RENTS:
The fully refurbished unit is currently getting $1225 in rent.
The unit getting the new tile flooring will soon be getting $1225 from $1000 in rent.
ROOFS:
Both replaced in 2016.
ADDITIONAL HIGHLIGHTS:
Stoves, refrigerators, washer/dryer combos have all been replaced with new or refurbished appliances since January 2018 (past 4 years) in all 6 units. 3 of the dishwashers have been replaced and others have been refurbished.
GREAT INVESTMENT OPPORTUNITY!!
Location
State AZ
County Maricopa
Community Vista Income Estates Unit 5
Zoning R-3
Direction NORTHERN S ON 27TH TO VISTA AVE; LEFT 1 BLOCK.
Interior
Heating Electric
Cooling Heat Pump, Electric
Flooring Concrete
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WasherDryer
Exterior
Garage Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 14
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 157-30-067
Acceptable Financing Conventional, 1031 Exchange, Owner May Carry
Listing Terms Conventional, 1031 Exchange, Owner May Carry
Financing Other
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