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Key Details
Sold Price $679,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Del Monte North
MLS Listing ID 6075929
Sold Date 09/01/20
Maintenance Fees $1,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1958
Annual Tax Amount $2,024
Tax Year 2019
Lot Dimensions 132x94
Property Description
This well located investment opportunity provides the next Owner the ability to obtain strong step-in income with the ability to make additional renovations and boost revenue immediately or over time. This mid-century modern 4-plex abuts the iconic Woodlea Melrose Historic District located in the heart of Midtown Phoenix.
Improvements to the property include, all new copper piping, gut and remodel interiors, installed modern desertscape and a three year old roof on the 934 duplex.
These side by side duplexes yield generous financing options and flexible exit strategies.
The sub-1M market is extremely sparse- don't miss this wonderful opportunity!
Location
State AZ
County Maricopa
Community Del Monte North
Zoning R-3
Direction From 11th Avenue & Indian School, head North on 11th Avenue. Turn East (right) on Monterosa St. Property is immediately on the left (North side of Street).
Interior
Heating Heat Pump, Electric
Cooling Central A/C, Electric
Appliance Refrigerator, WD Hookup, BI OvenRange
Exterior
Garage Assigned, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 5
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 155-39-094-E
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with SRL Group
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