$840,000
$849,900
1.2%For more information regarding the value of a property, please contact us for a free consultation.
1026 N 27TH Lane Phoenix, AZ 85009
Key Details
Sold Price $840,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Willow Square Plat 2
MLS Listing ID 6312639
Sold Date 11/09/21
Maintenance Fees $2,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2006
Annual Tax Amount $3,963
Tax Year 2021
Lot Dimensions 21995
Property Description
This is a great investment opportunity to purchase a 4-unit property that consists of four separate homes. CASH COW!!!! Each home is four bedrooms, two bathrooms with tile downstairs and carpeting upstairs. Each unit has a two car carport and separate large backyards with block wall fences. Washer and dryer and all kitchen appliances are included with each unit. All Leases are Month to Month and Rents need to be raised on this Value Add Opportunity. Current rents are below market value but can be increased with 30 day notice to tenant. Rents should be at $1500 or higher for these homes which would be a 7.5% PLUS CAP RATE! Don't Miss Out on this Unique Property & Opportunity!
Location
State AZ
County Maricopa
Community North Willow Square Plat 2
Zoning R3
Direction McDowell and 27th Ave. South on 27th ave. West on Portland to homes
Interior
Heating Heat Pump, Electric
Cooling Heat Pump, Electric
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WD Hookup, WasherDryer
Exterior
Garage Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools J B Sutton Elementary School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 109-06-070-A
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Cash
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Bought with Hub Realty