$575,000
$599,999
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1553 W MERCER Lane Phoenix, AZ 85029
Key Details
Sold Price $575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6030583
Sold Date 08/24/20
Year Built 1984
Annual Tax Amount $1,642
Tax Year 2019
Lot Dimensions 5164
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Welcome to your future investment! This 4 plex has been beautifully remodeled new paint, new appliances, new flooring, baseboards, New kitchens and bathrooms. The outside futures a nice patio back yard with Balconies to view the mountains!
It has a cap rate of 7%! this four plex is 100% occupied, each of the units are rented at 1150 a month. The hoa which takes care of the outside maintenance, community pool and the roofs which is 485 a month.,,this a pure gold mine!
Location
State AZ
County Maricopa
Zoning R-3A
Direction Peoria to 15th ave, N to Sahara, west to 16th ave take right into parking lot, on your first right turn, then turn right again and it's the building on your right side..
Interior
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Appliance Free-Standing Range, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Parking Features 1 Space/Unit, Carport
Community Features Pool
Roof Type Rolled/Hot Mop
Total Parking Spaces 5
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 159-14-084
Acceptable Financing No Carry, Conventional, 1031 Exchange, VA Loan
Listing Terms No Carry, Conventional, 1031 Exchange, VA Loan
Financing Exchange
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Bought with ATLAS AZ, LLC