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Key Details
Sold Price $550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Palm Springs Unit Eleven
MLS Listing ID 6255671
Sold Date 10/14/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1983
Annual Tax Amount $1,500
Tax Year 2020
Lot Dimensions 91.97 x 109.28
Property Description
Excellent location for this 4 plex with lots of upside potential. Current tenants have been longer term. Owner is moving on and is selling this unit they have owned for years. Property needs updates and some repairs. Owner will look at ALL offers and responds quickly. Rents are super low and could be raised especially after updating the unit. Do not disturb tenants. View/Inspect after an accepted offer. Great opportunity as a long term investment or as a fix/update and increase rental income and re-sell for a profit. All units are month to month right now. Property has been connected to the City Sewer System, no longer on septic.
Location
State AZ
County Pinal
Community Palm Springs Unit Eleven
Zoning Multi family
Direction Southern east of Idaho to Winchester. North to Quail (1st right N of Southern) 4 plex is on the SE Corner of Winchester & Quail
Interior
Heating Heat Pump, Electric
Cooling Heat Pump, Ceiling Fan(s)
Appliance FS OvenRange
Exterior
Garage Assigned
Community Features No Pool
Waterfront No
Roof Type Built-Up
Total Parking Spaces 8
Building
Sewer Septic Tank
Water Private Franchise
Schools
Elementary Schools Peralta Trail Elementary School
Middle Schools Cactus Canyon Junior High
High Schools Apache Junction High School
School District Apache Junction Unified District
Others
Senior Community No
Tax ID 102-06-079
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Other
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