$625,000
$599,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/15/2022
Key Details
Sold Price $625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Grand-Aire Village
MLS Listing ID 6355720
Sold Date 03/15/22
Year Built 1973
Annual Tax Amount $1,433
Tax Year 2021
Lot Dimensions 8494
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Nothing like this on the market at this price point! Well-maintained with many upgrades for this 1973 classic 4 unit in a nice pocket of Glendale. Sought after all two bedroom mix with 729 SF units (average size). Long-term owner that has self-managed with pride of ownership evident. All separate electric that is tenant paid with HVAC units (a few units are newer). Two of four units were cosmetically remodeled recently with the other units in good condition. Rents are well-below market with all month-to- month leases. Market rents could be $1100/unit. Current average rents $660/$660/$700/$750. Large 8494 SF lot. Amenities galore allow for a very high rental ceiling. Covered carport parking, on-site coin operated laundry/room, separate storage units.
Location
State AZ
County Maricopa
Community Grand-Aire Village
Area Maricopa
Zoning R-4
Direction A few blocks north of Camelback Rd.
Interior
Heating Individual, Heat Pump, Electric
Cooling Electric, Heat Pump, Individual
Flooring Carpet
Appliance Built-In Range, Other, W/D Hookup
Exterior
Exterior Feature Sidewalk(s)
Parking Features Paved, >1 Space Per Unit, Carport
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water Master Meter, City Franchise
Structure Type Sidewalk(s)
New Construction No
Others
Senior Community No
Tax ID 144-28-014
Acceptable Financing Other (See Remarks)
Disclosures Seller Prop Disc Stm
Listing Terms Other (See Remarks)
Financing Other
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