$387,000
$425,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/30/2020
Key Details
Sold Price $387,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Osborn Parkway 1 Lots 21-27
MLS Listing ID 6129158
Sold Date 10/30/20
Year Built 1957
Annual Tax Amount $1,441
Tax Year 2019
Lot Dimensions 66x110
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
FANTASTIC 100% occupied triplex opportunity in Phoenix! Well maintained units ready for new owner to raise rents. Property offers central gated courtyard, 3 covered parking spaces plus additional alley parking, and private fenced yards & patios. Parking accessible from alley access of 21st St or 22nd St. Current leases are month to month. 1 bedrooms are rented for $500 and the 2 bedroom is $650. Financials below are Pro -Forma for where the market rents are. New owner would have to raise rents to achieve those numbers. Huge demand for rentals would make it easy to rent out! Great opportunity to purchase as an owner occupant with an FHA loan. Live in one of the units and have the tenants pay your mortgage!
Location
State AZ
County Maricopa
Community Osborn Parkway 1 Lots 21-27
Zoning multi
Interior
Heating Heat Pump, Natural Gas
Cooling Ceiling Fan(s), Window/Wall Unit, Heat Pump
Flooring Ceramic Tile
Appliance Built-In Range, Dishwasher, Microwave, Washer/Dryer
Exterior
Parking Features Add'l Parking Avail, Carport
Community Features Other, See Remarks
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 119-23-056
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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