$980,000
$1,155,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/08/2024
Key Details
Sold Price $980,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Sun & Sand Blk 1-3
MLS Listing ID 6724663
Sold Date 11/08/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1985
Annual Tax Amount $1,862
Tax Year 2023
Lot Dimensions Normal
Property Description
Discover the exceptional investment potential of 2015 E Eugie Terrace, a meticulously maintained multifamily property in North Phoenix. This offering includes a main 6plex constructed in 1985 and a separate single family residence dating back to 1960, all under the care of the current owners for over two decades.
Property Features:
Unit Mix: Consists of six spacious 2-bedroom, 1-bathroom units averaging over 700 square feet each, alongside a single family residence.
Stability and Maintenance: Enjoyed trouble-free operations with a history of long-term tenants and continuous upkeep.
Value Enhancement: Potential for rent increases to market rates through an interior renovation program, leveraging recent updates to units.
Location
State AZ
County Maricopa
Community Sun & Sand Blk 1-3
Zoning R-3
Interior
Heating Electric
Cooling Central A/C
Flooring Vinyl
Appliance F/S Oven/Range, Microwave
Exterior
Parking Features Paved Parking, Street Parking
Community Features No Pool
Roof Type Composition
Total Parking Spaces 12
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Paradise Valley Unified District
Others
Senior Community No
Tax ID 166-10-056-A
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Other
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