UPDATED:
08/25/2024 02:35 AM
Key Details
Property Type Condo
Sub Type Apartment Style/Flat
Listing Status Active
Purchase Type For Sale
Square Footage 1,648 sqft
Price per Sqft $302
Subdivision Arcadia Grove Condominium
MLS Listing ID 6676265
Bedrooms 3
HOA Fees $580/mo
HOA Y/N Yes
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2005
Annual Tax Amount $2,108
Tax Year 2023
Lot Size 162 Sqft
Property Description
Welcome to an exceptional investment opportunity! This property offers a unique blend of immediate rental income and promising potential for future value appreciation. Here's a brief overview:
**Location:** Located in a thriving neighborhood known for its convenience and amenities, this property sits amidst bustling shops, restaurants, and recreational facilities. Its proximity to major transportation routes ensures easy access to neighboring areas.
**Property Type:** This property is meticulously designed to offer comfort and functionality. **Tenant Situation:** Currently, all units are occupied by reliable tenants, providing a steady stream of rental income from day one. The presence of long-term tenants underscores the desirability and stability of this investment opportunity.
**Investment Potential:** With rental income already in place, this property presents an attractive proposition for savvy investors seeking immediate returns. Additionally, there's ample opportunity for value enhancement through strategic renovations or future rent adjustments in line with market trends.
**Financials:** Detailed financial information, including current rental income, expenses, and potential return on investment, will be provided upon request to serious investors.
**Opportunity for Growth:** Beyond its current rental income, this property offers potential for long-term growth and appreciation. As the surrounding area continues to develop and property values rise, investors stand to benefit from both rental yield and capital appreciation.
**Conclusion:** With tenants in place and promising prospects for growth, this investor special property represents a lucrative opportunity for those looking to expand their real estate portfolio. Don't miss out on the chance to secure a solid investment in a prime location.
Location
State AZ
County Maricopa
Community Arcadia Grove Condominium
Rooms
Other Rooms Great Room
Den/Bedroom Plus 4
Separate Den/Office Y
Interior
Interior Features 9+ Flat Ceilings, Drink Wtr Filter Sys, Elevator, Fire Sprinklers, No Interior Steps, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
Heating Electric
Cooling Refrigeration
Flooring Carpet, Tile
Fireplaces Number No Fireplace
Fireplaces Type None
Fireplace No
SPA None
Exterior
Exterior Feature Balcony, Covered Patio(s)
Garage Spaces 2.0
Garage Description 2.0
Fence Wrought Iron
Pool None
Community Features Gated Community, Community Spa Htd, Community Spa, Community Pool Htd, Community Pool, Near Bus Stop, Clubhouse, Fitness Center
Utilities Available SRP
Amenities Available Management, VA Approved Prjct
Waterfront No
Roof Type Concrete
Private Pool No
Building
Story 3
Builder Name unk
Sewer Public Sewer
Water City Water
Structure Type Balcony,Covered Patio(s)
Schools
Elementary Schools Tavan Elementary School
Middle Schools Ingleside Middle School
High Schools Arcadia High School
School District Scottsdale Unified District
Others
HOA Name Arcadia Grove COA
HOA Fee Include Roof Repair,Insurance,Sewer,Maintenance Grounds,Street Maint,Trash,Water,Roof Replacement,Maintenance Exterior
Senior Community No
Tax ID 127-05-118
Ownership Condominium
Acceptable Financing Conventional, VA Loan
Horse Property N
Listing Terms Conventional, VA Loan
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