$665,000
$595,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/17/2021
Key Details
Sold Price $665,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision University Villa East
MLS Listing ID 6214464
Sold Date 05/17/21
Maintenance Fees $2,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1984
Tax Year 2020
Lot Dimensions 70x113
Property Description
Opportunity knocks. Rare 4 plex with all 2 bed 2 bath units. NO HOA to worry about either. These large units have in unit full size washer dryer hook ups, spacious kitchens, large living and dining areas and lots of storage. Recent updates include Freshly painted interiors, flooring replaced where needed and some tubs recoated. This property has been owned by a non-profit and will be sold vacant allowing you to rent the property at current market rental rates. Owner currently pays water, sewer and trash, but new owner can take the opportunity to bill tenants monthly for water on top of rent. Final touches are being finished on these units and the property will be active shortly. Great chance to add this to your portfolio.
Location
State AZ
County Maricopa
Community University Villa East
Zoning RM-3
Direction West on University, then North on LOS ALAMOS and then head east on Cicero to 2nd fourplex on the North side of Street.
Interior
Heating Electric
Cooling Electric
Flooring Other
Appliance FS OvenRange
Exterior
Garage Paved Parking
Community Features No Pool
Waterfront No
Roof Type Tile
Parking Type Paved Parking
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools Highland Elementary School
Middle Schools Poston Junior High School
High Schools Mountain View High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 140-11-409-C
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Conventional
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Bought with Grace CRE
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