$700,000
$719,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/19/2021
Key Details
Sold Price $700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Monterrey Village Plat 3 Unit 2
MLS Listing ID 6172846
Sold Date 03/19/21
Maintenance Fees $3,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $1,772
Tax Year 2020
Lot Dimensions 6853
Property Description
Welcome to Monterrey Village Place Apartments. This fully occupied apartments are all two bedroom 1 bath all with private yards and parking. Corner lot with a new block wall. All units have been updated with Ikea kitchens and some units have new flooring. The property has a washer and dryer that are leased on site. Property is self managed and rents are below market from the 600-850 range current cap is around a 3.74. Market rents are 1,100-1,250 proforma cap 5.73 after raised rents. Property is close to Tempe Town Lake ASU and freeways.
All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unware of sale.
Location
State AZ
County Maricopa
Community Monterrey Village Plat 3 Unit 2
Zoning R-3
Interior
Flooring Ceramic Tile, Vinyl, Wood, Concrete
Exterior
Garage 1 Space/Unit, Common
Waterfront No
Roof Type Foam
Parking Type 1 Space/Unit, Common
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-31-120
Acceptable Financing CTL, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms CTL, Conventional, 1031 Exchange, FHA, VA Loan
Financing VA
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