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4631 N 12TH Avenue Phoenix, AZ 85013
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Key Details
Sold Price $800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Grandview Highlands
MLS Listing ID 6238575
Sold Date 12/07/21
Maintenance Fees $1,200
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1961
Annual Tax Amount $1,384
Tax Year 2021
Lot Dimensions Irr
Property Description
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One large 3BR & 2BR unit with two 2BR & 2BA units. There is a 2 car garage and private storage rooms for additional revenue. 3BR rent is $1695 & 2BR rents are currently below market at $1100-$1165. Market 2BR rents are $1,250-$1350 Buyer to verify all facts and figures.
Location
State AZ
County Maricopa
Community Grandview Highlands
Zoning R-3
Direction 11 Ave and Camelback. Turn South to Highland. Turn West and go to 12 Ave. Turn South and the property is on the East side of the street.
Interior
Heating Individual, Heat Pump
Cooling Individual, Heat Pump, Ceiling Fan(s)
Flooring Wood
Appliance FS OvenRange, Refrigerator
Exterior
Garage Common
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Common
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 155-43-187-A
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
Financing Conventional
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Bought with Gerchick Real Estate
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