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Key Details
Sold Price $415,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Grier Place
MLS Listing ID 6396224
Year Built 2004
Annual Tax Amount $1,271
Tax Year 2021
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
Interior
Heating Electric
Cooling Ceiling Fan(s), Electric
Flooring Carpet, Ceramic Tile
Exterior
Parking Features Paved
Community Features No Pool
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
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
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
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