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Key Details
Sold Price $1,440,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mountain Springs Terrace Condominium
MLS Listing ID 6663975
Sold Date 05/31/24
Maintenance Fees $600
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1983
Annual Tax Amount $248
Tax Year 2023
Lot Dimensions Unknown
Property Description
Welcome to an extraordinary real estate investment opportunity that offers both immediate returns and long-term potential. These eight remodeled condo units are not just properties; they represent a strategic step towards building a robust and reliable real estate portfolio. Recently refurbished with a keen eye for modern elegance, these units offer a comfortable
and enticing living space for current
and potential tenants. Nestled in a prime
location and with in-demand amenities,
they boast low monthly expenses while offering a fantastic cap rate of 6.72% % for investors. The appeal doesn't end here; these units are not only warrantable and VA-approved but also offer access to guaranteed subsidized rental programs. This unique investment package allows...
Location
State AZ
County Maricopa
Community Mountain Springs Terrace Condominium
Zoning MF
Direction South on Cave Creek to Michigan Ave. Complex will be on the right.
Interior
Heating Electric
Cooling Central A/C, Electric
Flooring Vinyl
Appliance F/S Oven/Range, Microwave, Washer/Dryer
Exterior
Garage Other (See Remarks), Assigned, Add'l Parking Avail, 1 Space/Unit, Common
Community Features Pool
Waterfront No
Roof Type Foam
Parking Type Other (See Remarks), Assigned, Add'l Parking Avail, 1 Space/Unit, Common
Total Parking Spaces 9
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools Echo Mountain Primary School
Middle Schools Vista Verde Middle School
High Schools North Canyon High School
School District Paradise Valley Unified District
Others
Senior Community No
Tax ID 214-07-052
Acceptable Financing CTL, Conventional
Listing Terms CTL, Conventional
Financing Cash
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Bought with eXp Realty
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