Rare offering in a quiet North Central PHX neighborhood. Very hard to find $222/SF. Minutes to Paradise Valley Village, Desert Ridge & Scottsdale. No HOA. Huge units! Three 2 bed/1 bath units (950 sf /-) paired with a 3 bed/2 bath unit (1150 sf /-). 4000 total sf. 11,975 sf… Read More lot. R-3 zoning. 20 year local owner has self-managed. Rents are very low at $1000/$850/$850 (2 bed units) & $1450 (3 bed unit). $49,800/yr +$1200 seller-owned w/d units/late/pet/misc = $51,000 gross/yr. 5+ CAP. $1500/unit or more rents are viable. 100% occupied with all month-to-month leases. All long-term tenants with no recent rent increases. This complex has great bones with some upgrades. Two units had kitchen/bath/lighting/painting upgrades in 2022. Newer HVAC/WH in 1 unit. Value-add opportunity. Read Less
Courtesy of Better Homes & Gardens Real Estate SJ Fowler James C Stephens 480-649-3536
Listing Snapshot
Days Online
31
Last Updated
Property Type
Multiple Dwellings
Year Built
1980
MLS Number
6865522
30 Days Snapshot Of 85032
$598k
+18%
(avg) sold price
49
-30%
homes sold
84
+20%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"See Remarks"
Building
Built in 1980, Construction materials: "Painted", "Slump Block", 4 total units
Cooling
"Electric", "Heat Pump", "Individual"
Floors
"Ceramic Tile", "Vinyl"
Heating
"See Remarks", "Individual", "Heat Pump", "Electric"
Parking
"Free", "Assigned", ">1 Space Per Unit", 8 total parkings
Property
Zoning: R-3
Roof
"Built-Up"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,796, Lot: 9
Utilities
"APS", "Individual Meter"
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