$1,150,000
$1,250,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/03/2024
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Morningside Acres
MLS Listing ID 6638604
Sold Date 06/03/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1950
Annual Tax Amount $1,266
Tax Year 2023
Lot Dimensions 298.49 X 85.45 X 86.13 X 298.43(25,579 SQFT)
Property Description
No P&L, No T-12 or Financials. Seller Finance with minimum $250K Down Payment & 6% Interest only payment 3 years balloon payment. 5-Plex has 5 Single story, garden style community located in the highly sought after 85016 area code. The property offers several potential options for investors. The Seller has previously been told that can be approved for 9 luxury townhomes or can be updated the existing units & add 4 more units. The Lot size is 25,579 and it is comprised of 4 X1 bed/1 bath units, and one 2 bed/1 bath unit + one storage building. All units have in suite laundry & under roof parking next to each unit. The 5plex offers a large greenbelt with several large shade trees. During the Seller's ownership property been kept in great condition.
Location
State AZ
County Maricopa
Community Morningside Acres
Zoning R3 MULTI FAMILY
Direction INDIAN SCHOOL RD TO 17TH STREET. NORTH ON 17TH STREET TO PROPERTY ON THE LEFT
Interior
Heating Central
Cooling Central A/C, Electric
Flooring Ceramic Tile
Appliance None
Exterior
Parking Features Add'l Parking Avail, Street Parking, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 163-28-042
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Carryback
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