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Key Details
Sold Price $605,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Greenway Manor
MLS Listing ID 6382941
Sold Date 05/13/22
Maintenance Fees $1,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1982
Annual Tax Amount $1,405
Tax Year 2021
Lot Dimensions 80x120
Property Description
Value add 4plex in North Central Phoenix! Long term tenants with extremely low rents compared to the current hot rental market. New ownership can realize immediate cash flow and value gains by doing a refresh on three of the interiors. 1982 constructed building with a fantastic unit mix: One β 3 bed / 3 bath (very rare to find a 3/3 in town!), Two 2 bed / 2 bath units and one β 1 bed / 1 bath. Tenants love the huge interiors with modern layouts and in-unit full size washer/dryer. Tenants pay their individually metered electric / cable (no gas), while landlord just pays the HOA dues (includes: water, sewer, trash, common area, and the pool). Each standalone building in the community has 4 covered parking spaces and additional uncovered spaces.
Location
State AZ
County Maricopa
Community Greenway Manor
Zoning Multi Family
Direction From Greenway go North on 29th street. Left on Marconi into the complex. Drive through the gate and continue straight on Marconi until it ends. Building #49 will be on your left (South side).
Interior
Heating Individual, Heat Pump, Electric
Cooling Individual, Electric, Ceiling Fan(s)
Flooring Other
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WD Hookup
Exterior
Garage Assigned, Common
Community Features Play Area, Manager Res/Office, Pool
Waterfront No
Roof Type Built-Up
Total Parking Spaces 8
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise
Schools
Elementary Schools Palomino Primary School
Middle Schools Greenway Middle School
High Schools Paradise Valley High School
School District Paradise Valley Unified District
Others
Senior Community No
Tax ID 214-39-077
Acceptable Financing No Carry, Conventional, 1031 Exchange, VA Loan
Listing Terms No Carry, Conventional, 1031 Exchange, VA Loan
Financing Other
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Bought with Keller Williams Arizona Realty
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