$1,325,000
$1,325,000
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SOLD DATE : 08/08/2023
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Clarendon Square
MLS Listing ID 6556886
Sold Date 08/08/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1949
Annual Tax Amount $2,671
Tax Year 2022
Lot Dimensions 0.36
Property Description
Built in 1949, this recently renovated 6 unit apartment community presents a unique opportunity to acquire a stabilized asset located in one of Phoenix's strongest performing submarkets. Consisting of (6) 2 bedroom, 1 bathroom floor plans, this property features updated interiors and exterior, new appliances, and modern finishes throughout, which will reduce the need for immediate capital expenditures and minimize ongoing maintenance costs. Future ownership will also be able to capitalize on strong in-place rents averaging$1,661 per unit per month. Located near the I-17 and I-10 freeways, this centralized location provides tenants easy access to many upscale shopping, dining, and entertainment options, including vibrant hubs such as Downtown Phoenix, Encanto Park, and the Melrose District
Location
State AZ
County Maricopa
Community Clarendon Square
Zoning R-4
Interior
Heating Other
Cooling Other
Flooring Other, Vinyl
Appliance Other (See Remarks)
Exterior
Parking Features Common
Community Features Other, No Pool
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Other
Water Other
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-14-032
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
Financing Conventional
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