$445,000
$445,000
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SOLD DATE : 01/21/2022
Key Details
Sold Price $445,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6330526
Sold Date 01/21/22
Maintenance Fees $401
Year Built 1997
Annual Tax Amount $1,686
Tax Year 2021
Lot Dimensions 9648
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Duplex with large two bedroom units, privacy yards and each with a two car garage, on a residential side street. Building went through a major renovation in 2011 including new roof. Major improvements since renovation include a new A/C unit in 2014 and new garage door and opener in 2019 in unit #2. Tenants pay all utilities and maintain landscaping. Market rent estimated to be $1150 to $1250 per unit a month. Rate of return, at this range, projected to be 5.6% to 6.1%, based on 2021 expenses. No deferred maintenance nor rent related issues. Owner would prefer to carry.
Location
State AZ
County Pinal
Zoning Multi Family
Direction East on Hondo (16th), North on DeNiza to property at corner of De Niza and Friar
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Other, Ceramic Tile, Vinyl
Appliance Free-Standing Range, Refrigerator, W/D Hookup
Exterior
Parking Features Paved, Add'l Parking Avail, Garage Door Opener, Attached, >1 Space Per Unit
Community Features See Remarks
Roof Type Composition
Total Parking Spaces 8
Garage Yes
Building
Sewer Septic in & Cnctd
Water Individual Meter, City Franchise
New Construction No
Schools
Elementary Schools Peralta Trail Elementary School
Middle Schools Cactus Canyon Junior High
High Schools Apache Junction High School
School District Apache Junction Unified District
Others
Senior Community No
Tax ID 102-03-341
Acceptable Financing Conventional, FHA, Owner May Carry
Listing Terms Conventional, FHA, Owner May Carry
Financing Conventional
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Bought with DPR Realty LLC
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