$1,050,000
$1,050,000
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SOLD DATE : 06/28/2024
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6670257
Sold Date 06/28/24
Maintenance Fees $2,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1960
Annual Tax Amount $2,371
Tax Year 2023
Lot Dimensions 0.29
Property Description
Advantageously placed just north of the 7th Street and Bethany Home Road intersection and immediately across the street from Madison Traditional Academy, Rose Lane is primely located in the heart of the historic neighborhoods of North Central Phoenix (Uptown). Its nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access to simple passage to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Primely positioned near the Innovation Employment Corridor, which runs down Central Avenue, presents employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Additionally, the Biltmore Employment Corridor where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment amenities. Together, the Innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers.
Built in 1960, Rose Lane is comprised of 4 units with the entire community's exterior upgraded. Future ownership will have the enticing opportunity to capitalize on 100% of the units primed for an elevated upgrade package resulting in an expected premium of ±$200 per month already proven in the immediate submarket.
Location
State AZ
County Maricopa
Zoning R-3
Interior
Heating Individual
Cooling Individual, Electric, Ceiling Fan(s)
Flooring Ceramic Tile, Vinyl
Appliance F/S Oven/Range, Microwave
Exterior
Parking Features Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 161-15-068-G
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Conventional
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