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Key Details
Sold Price $565,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Homestead Place
MLS Listing ID 6512079
Sold Date 05/30/23
Year Built 1931
Annual Tax Amount $543
Tax Year 2022
Lot Dimensions 52' X 121'
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Brand new remodeled Triplex with great rents. Townhome like apartments with PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $4,512, $54,144 yearly. 8.9% Gross Cap Rate, Tenant paid utilities on RUBS!! New HVAC in the 2 of the 3 units, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. 2 covered parking spots in back. Unit mix of 1, 2 bed x1 bath, 2, 1 bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more or *build more units in the back with the R-5 high density multi-family zoning.*
Location
State AZ
County Maricopa
Community Homestead Place
Area Maricopa
Zoning R5
Direction East on Roosevelt, South on 15th ave, East on Mckinley St.
Interior
Heating Electric
Cooling Ceiling Fan(s), Electric
Flooring Ceramic Tile
Appliance Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features Carport
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water Master Meter
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 111-25-032-A
Acceptable Financing No Carry, Conventional, 1031 Exchange
Disclosures None
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Conventional
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Bought with AZ Brokerage Holdings, LLC
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Ryan Ney
Realtor® ~ Team Leader | SASA548713000
Realtor® ~ Team Leader SASA548713000
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