Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Encanto Westwood
MLS Listing ID 6756497
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1953
Annual Tax Amount $1,391
Tax Year 2023
Lot Dimensions 16848
Property Description
Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix's most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown's vibrant cultural, business, and lifestyle scene. Rare opportunity to acquire a top-performing asset in a high-growth market.
Location
State AZ
County Maricopa
Community Encanto Westwood
Zoning [M-H] MULTI-FAM
Interior
Heating Individual, Central, Natural Gas
Cooling Central A/C, Individual, Ceiling Fan(s)
Flooring Other, Ceramic Tile, Concrete
Appliance F/S Oven/Range, Microwave, Washer/Dryer
Exterior
Parking Features Other (See Remarks), Street Parking, Common
Community Features Other, Barbecue, Shuffle Brd/Lawn Bwl, Golf/Putting Green, Play Area
Roof Type Composition
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise, Individual Meter
New Construction No
Others
Senior Community No
Tax ID 110-15-091
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
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