$710,000
$750,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/03/2025
Key Details
Sold Price $710,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Village Meadow
MLS Listing ID 6732203
Sold Date 03/03/25
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $1,455
Tax Year 2023
Lot Dimensions 88 x 154
Property Description
Exceptional fourplex in a prime location with zero turnover in over five years. This well-maintained asset features three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Situated within the North I-17 employment corridor, the area boasts over 95,000 jobs within a 5-mile radius of the property. The roof was replaced in 2020 and comes with a 10-year warranty, while the parking lot was repaved in 2022. 2 HVAC & water heaters replaced in November of 2024. Long-term tenants enjoy the large yard & maintain the property, resulting in minimal expenses for the owner. The owner covers water and electricity for security and laundry, while tenants are responsible for their own electric bills. This presents a value-add opportunity with immediate upside potential,.
Location
State AZ
County Maricopa
Community Village Meadow
Zoning R-3
Direction From Bell, North on 19th Avenue to Village Drive, West to property on the South of the Street
Interior
Heating Electric
Cooling Ceiling Fan(s), Electric
Flooring Other, Ceramic Tile
Appliance BI Oven/Range, Microwave, Washer/Dryer
Exterior
Parking Features Paved Parking, Add'l Parking Avail, >1 Space Per Unit, 1 Space/Unit
Community Features No Pool
Roof Type See Remarks,Built-Up
Total Parking Spaces 9
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Village Meadows Elementary School
Middle Schools Deer Valley Middle School
High Schools Deer Valley High School
School District Deer Valley Unified District
Others
Senior Community No
Tax ID 208-07-080-C
Acceptable Financing 1031 Exchange, FHA, VA Loan
Listing Terms 1031 Exchange, FHA, VA Loan
Financing Conventional
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