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Key Details
Sold Price $819,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision East Oakland
MLS Listing ID 6463859
Year Built 1944
Annual Tax Amount $1,671
Tax Year 2021
Property Description
Brand new remodeled fourplex with great rents. Townhome like apartments with PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $6,078, $72,936 yearly. 9.23% Gross Cap Rate, Tenant paid utilities on RUBS!! New HVAC in the 3 of the 4 units, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 2, 2 bed x1 bath, 2, 1 bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more.
Location
State AZ
County Maricopa
Community East Oakland
Zoning R5
Interior
Heating Electric
Cooling Central A/C, Electric, Ceiling Fan(s)
Exterior
Community Features See Remarks
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
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Bought with ATLAS AZ, LLC
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