Listing MLS# 6770068 Phoenix AZ Real Estate
Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Phoenix AZ real estate, Mountain Springs Terrace Condominium - Phoenix real estate for sale, Phoenix, AZ homes for sale and Phoenix real estate and Phoenix homes.
Phoenix, AZ 85032
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1983Year Built
- 0.00Acres
- 42 yearsEst Age
- MLS# 6770068
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market11 months, 23 days
- AreaMaricopa
- CountyMaricopa
- Subdivision Mountain Springs Terrace Condominium
Overview
This property presents a compelling investment opportunity with its attractive unit mix, desirable location, and potential for additional income through owner-operated facilities.It is a well-positioned, income-generating asset.There are opportunities to even increase current rental income for further value.This property is a prudent choice for investors looking to expand, diversify or start their portfolio.It offers a stable and reliable income stream.The property is 100% occupied and all units were remodeled.There are five-2 bedroom,1-bath , one- 3 bed/1 ba. and eleven - 3 bed,2 ba units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access.
Agriculture / Farm
Horse: No
Association Fees / Info
Community Features: Barbecue, Manager Res/Office, Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Painted, Stucco
Roof: Built-Up
Exterior Features
Pool Private: No
Financial
Owner Pays: Trash Collection,Sewer
Gross Income: 296400
Insurance Expense: 7200
Maintenance Expense: 6000
Garage / Parking
Parking Features: Other, >1 Space Per Unit, 1 Space/Unit, Carport
Garage: No
Attached Garage: No
Interior Features
Flooring: Vinyl
Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Fireplace: No
Lot Info
Lot Size: unknown
Number of Buildings: 2
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R5
Property Attached: No
Tax Info
Tax Legal Description: LOT 111 MOUNTAIN SPRINGS TERRACE CONDOMINIUM MCR 033448
Tax Amount Annual: 3960
Unit Info
Total Units: 17
Unit: 17units
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Central Air, Ceiling Fan(s), Electric
Heating: Individual, Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Water Front: No
Schools
Elem: Echo Mountain Primary School
Middle: Vista Verde Middle School
High: North Canyon High School
Directions
South on Cave Creek to Michigan Ave. Complex will be on the Right.
Listings courtesy of Coldwell Banker Realty
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