$625,000
$660,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/10/2021
Key Details
Sold Price $625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Binghampton
MLS Listing ID 6143163
Sold Date 02/10/21
Maintenance Fees $3,720
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1980
Annual Tax Amount $3,288
Tax Year 2019
Lot Dimensions 124x148
Property Description
This is a well located six unit property (north central sub-market) comprised of two separately parceled triplexes. Well laid out complex located on a corner lot of almost a half acre with solid masonry construction and concrete paved parking lots. Parcel one is a detached 4/2 house with a duplex comprised of two 2/1 units. Parcel two is comprised of a triplex with three 2/1 units. All units have off street paved parking and private fenced back yards. Several tenants are mo-mo and rents can easily be raised. Average rental rate in this area for a 2/1 is $900. Figures shown are actual from 2019, recent rent increases for 2020 are not reflected. Based on the current rent role the property is a 8% cap rate. This is an owner managed property. Financials under documents tab
Location
State AZ
County Pima
Community Binghampton
Zoning R-2
Direction Traveling east on E Fort Lowell Rd, turn right (South) on N Chapel Ave, property will be on the corner of N Chapel Ave & E Presidio Rd.
Interior
Heating Natural Gas
Cooling Central A/C, Evaporative Cooling, Wall/Window Unit(s)
Flooring Wood
Appliance FS OvenRange, BI OvenRange
Exterior
Garage Paved Parking
Community Features No Pool
Waterfront No
Roof Type Composition, Built-Up
Parking Type Paved Parking
Total Parking Spaces 12
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise
Schools
School District Out Of Area
Others
Senior Community No
Tax ID 111-05-283-A
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Non-MLS Office
7326 E Evans Drive, Scottsdale, AZ,, 85260, United States