UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Capitol Addition
MLS Listing ID 6893837
Maintenance Fees $4,000
Year Built 1935
Annual Tax Amount $853
Tax Year 2024
Lot Dimensions 7,000
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
7.5% Cap Rate. Offered at $139,928 per unit, this investment generates an estimated annual gross income of $99,600. Tenants are all month to month. Strong in-place returns in a high-demand rental market. Seller may carry the note with half down, IO Payments for 5 years.
Location
State AZ
County Maricopa
Community Capitol Addition
Zoning R-3
Interior
Heating Other
Cooling Other
Flooring Vinyl
Appliance Refrigerator, Built-In Electric Oven, Washer/Dryer
Exterior
Parking Features >1 Space Per Unit
Community Features See Remarks, No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 109-49-120
Acceptable Financing Owner May Carry, Conventional, 1031 Exchange
Disclosures None
Listing Terms Owner May Carry, Conventional, 1031 Exchange
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Ryan Ney
Realtor® ~ Team Leader | SASA548713000
Realtor® ~ Team Leader SASA548713000
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