$220,000
$240,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/20/2021
Key Details
Sold Price $220,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Addition
MLS Listing ID 6174698
Sold Date 05/20/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1952
Annual Tax Amount $778
Tax Year 2020
Lot Dimensions 8730
Property Description
Passive income at its finest with this truly ''turnkey'' duplex just outside of Phoenix Metro. Where else can you find a fully remodeled duplex with a CAP rate hovering at 9%!! Each unit is complete with 3 beds, 2 baths, tankless water heaters, granite counters, new cabinets, newer Trane AC units and each unit their own 200 amp electric meters. Owner only pays water and sewer! Established tenants paying $995 each making the gross income of this building nearly $24k/yr. There is a massive housing shortage in this area with more so on the horizon with the new copper mine opening in less than 3 years. This property has everything you could want-it's turnkey, fully rented,remodeled in the past year, high rents/cap rate, and massive upside with continued shortage of housing in the area. This one will go fast!!
Location
State AZ
County Pinal
Community Belmont Addition
Zoning GR
Direction Us-60 East towards Globe, turn right onto Church Ave, left onto W Crowe St, 1st right onto S Church Ave and property is on the right.
Interior
Heating Electric
Cooling Heat Pump, Electric, Ceiling Fan(s)
Flooring Concrete
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WD Hookup, Microwave
Exterior
Garage Paved Parking
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Paved Parking
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools John F Kennedy Elementary School
Middle Schools Superior Junior High School
High Schools Superior Senior High School
School District Superior Unified School District
Others
Senior Community No
Tax ID 105-05-210-A
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with Dalton Realty
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