$1,125,000
$1,095,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/26/2021
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Darleigh Manor
MLS Listing ID 6223123
Sold Date 05/26/21
Maintenance Fees $300
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1961
Annual Tax Amount $3,127
Tax Year 2020
Lot Dimensions 89'x133.06'
Property Description
Diverse, lucrative, posh investment opportunity in Arcadia Lite. Located in one of the hottest neighborhoods in the Valley, this unique property features 3- 1100 ft2 units that each feel like a private cottage, perfectly situated in the heart of the city. Renters simply cannot beat the location & swoon over these well appointed homes. One unit has its own private yard & another a private patio. Benefits: Mostly renovated in 2020: Full renovation on Units 2, 3 (see pics), partial renovation on unit 1; Fully occupied, renew the yearly leases or convert property to short term vacation rentals- Tons of potential with this place! Earn a monthly income, while depreciating the asset for taxes*, while taking advantage of increasing property values in this current market.
*consult your tax adviso *******Multiple offers received. Submit highest and best. Offers reviewed with seller on Saturday 4/24/21 at 12noon. Response no sooner than Saturday 9pm. Contact listing agent if writing offer- seller has language pertaining to 1031 exchange, etc. to be included Thank you.******
Location
State AZ
County Maricopa
Community Darleigh Manor
Zoning R-3
Direction From Indian School Rd: Turn North on 36th Street. Turn left on Montecito Ave. Property is on the left. From Camelback Rd. Turn south on 36th st. Turn right on Montecito Ave. Property is on the left.
Interior
Heating Natural Gas
Cooling Ceiling Fan(s), Electric, Individual, 2 or More Units
Flooring Ceramic Tile, Vinyl
Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features Paved, Assigned, 1 Space/Unit, On Street, Carport
Community Features No Pool
Roof Type Composition
Total Parking Spaces 3
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Creighton Elementary School
Middle Schools Creighton Elementary School
High Schools Phoenix Union Cyber High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 170-27-114
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Cash
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