$415,000
$325,000
27.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/20/2022
Key Details
Sold Price $415,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Grier Place
MLS Listing ID 6396224
Sold Date 05/20/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2004
Annual Tax Amount $1,271
Tax Year 2021
Lot Dimensions 136' x 62'
Property Description
Value Add, Value Add, Value Add!! This incredible investment opportunity is ready for a buyer who wants to capitalize on a little bit of sweat equity for a huge upside potential. This property was built in 2004 and features the one thing you can't change in a real estate investment – LOCATION! This investment is conveniently located in between the I17 and I10 freeways near all the new development downtown and just minutes from Sky Harbor Airport. This unique duplex offers two mirrored layouts, each with three full bedrooms, a jack and jill bathroom and inside laundry room. The property lot is huge and offers plenty of tenant parking. Easily capture significant upside by completing
some of the simple and obvious value-add opportunities; including, converting the jack and jill bathroom into two full bathrooms (see concept plan in the photos), covered
parking, stylish gates and interior finish updates. Proforma rents for a three-bedroom, one bath unit are $1550 each, improve to a three-bedroom, two bath unit and increase to
around $1800 each.
Location
State AZ
County Maricopa
Community Grier Place
Zoning Residential
Direction North on 17th Ave to West on Maricopa Ave. Property on right.
Interior
Flooring Carpet, Ceramic Tile
Appliance None
Exterior
Garage Paved Parking
Community Features No Pool
Waterfront No
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction Yes
Schools
Elementary Schools Mary Mcleod Bethune School
Middle Schools Mary Mcleod Bethune School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 112-13-024
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Other
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