Viewing Listing MLS# 7045461
$999,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85021
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1987Year Built
- 0.00Acres
- 39 yearsEst Age
- MLS# 7045461
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market1 month, 4 days
- AreaN/A
- CountyMaricopa
- Subdivision Foothill Lots
Overview
Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Painted, Stucco, Block, Slump Block
Roof: Foam, Rolled/Hot Mop
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 96903
Insurance Expense: 1440
Garage / Parking
Parking Features: Paved, Free, >1 Space Per Unit
Interior Features
Flooring: Tile, Laminate, Vinyl
Appliances: Refrigerator, Built-In Electric Oven
Lot Info
Lot Size: 10,483
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-4
Tax Info
Tax Legal Description: LOT 13 FOOTHILL LOTS MCR 003839
Tax Amount Annual: 11361
Unit Info
Total Units: 8
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Electric
Heating: Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Schools
High: Sunnyslope High School
Listings courtesy of Compass
MLS# 7057590 
