$552,500
$560,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/19/2022
Key Details
Sold Price $552,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ironwood Place
MLS Listing ID 6457585
Sold Date 12/19/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1972
Annual Tax Amount $1,043
Tax Year 2021
Lot Dimensions 11,429
Property Description
Great fourplex at a 6.5% cap rate with a lot of potential in the revitalizing Sunnyslope neighborhood! The Unit mix consists of all two bedrooms and one bathroom, approximately 715 square feet each. Unit 1 and 4 are paying $1,195 per month until September 2023. Notices went out for Unit 2 and 3 who are paying $880 MTM. They can renew at $1195 or go at the new month to month rate of $1295 effective 12/1/22. Adjacent fourplexes are also for sale at 9831-9837 N 11th Avenue to combine for 12 units.
Location
State AZ
County Maricopa
Community Ironwood Place
Zoning R-3
Interior
Flooring Ceramic Tile
Exterior
Parking Features Other (See Remarks)
Community Features See Remarks, No Pool
Roof Type See Remarks
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
High Schools Sunnyslope High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 158-29-061-A
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
Financing Other
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