Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6779150
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $1,218
Tax Year 2024
Lot Dimensions 60.14-140.14-60.14-140.14
Property Description
This centrally located triplex is a prime opportunity for savvy investors or first-time homebuyers seeking a property with strong income potential and room for growth. Featuring three 2-bedroom, 1-bathroom units, each equipped with private patios, this property offers desirable living spaces for tenants.
Currently, each unit is rented at $1,200 per month, producing an annual income of $43,200 and a solid 8.16% cap rate. However, there's additional value to be unlocked as current rents are below market value, allowing for potential increased returns.
Located just minutes from Grand Canyon University and with easy access to the I-17.
Location
State AZ
County Maricopa
Zoning R-3
Direction Head South on N 19th Ave. Turn right onto W Indian School Rd. Turn right onto N 23rd Ave. Turn right onto W Heatherbrae Dr. Home will be on the left.
Interior
Heating Electric
Cooling Electric
Flooring Vinyl, Concrete
Appliance BI Oven/Range, Microwave
Exterior
Parking Features 1 Space/Unit
Community Features No Pool
Roof Type Composition
Total Parking Spaces 3
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools R E Simpson School
Middle Schools R E Simpson School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 154-29-007-B
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
GET MORE INFORMATION
REALTOR®, Broker, Investor | Lic# OR 930200328 | AZ SA708210000