Listing ID6227184
Sold For$508,000
StatusClosed
Sold Date9/15/2021
CountyMaricopa
SubdivisionVilla Fortuna Condominium and MRC 26619
Year Built1985
Property TypeMultiple Dwellings
INVESTMENT OPPORTUNITY to Buy 4 Condos in a Gated Community of 32 Condos Total. All 4 of the condos are rented out. These are located in a fantastic area close to bus routes, the Light Rail, the 202 & 51 Freeways. It is surrounded by redevelopment in the ever growing East Phoenix area. Tenants pay for their electricity, water/sewer. Individually metered. 2 units are in one building and 2 units are in another building.
Listing agent is related to the seller. Seller is an inactive Realtor.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
Villa Fortuna Condominium and MRC 26619
Year Built
1985
Zoning
R-3A
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
705
Cooling
Central A/C, Individual, Electric, Ceiling Fan(s)
Cooling
yes
Heating
Individual, Electric
Heating
yes
Community Features
Pool
Country
US
Directions
South on 36th Street at McDowell. Property on the Right.
Elementary School
Gateway School
Elementary School District
Creighton Elementary District
General Property Description Elementary School
Gateway School
General Property Description Elementary School District2
Creighton Elementary District
General Property Description High School
Camelback High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Gateway School
High School
Camelback High School
High School District
Phoenix Union High School District
Middle Or Junior School
Gateway School
Postal City
Phoenix
Township
1N
Water Source
City Franchise, Individual Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Block
Covered Spaces
4
Electric
SRP
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
1-7,500
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
1-7,500
Number Of Buildings
2
Number Of Units Total
4
Open Parking Spaces
2
Parking Assigned
1
Parking Features
Assigned, Add'l Parking Avail, 1 Space/Unit
Parking Total
6
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
1
Public Survey Section
3E
2 Bedroom Units Avg Rent
925
Current Financing
Not Applicable
Disclosures
Other (See Remarks)
Listing Terms
Other (See Remarks), 1031 Exchange
Operating Expense
6394.4
Owner Pays
Pool/Spa Maintenance
Tax Annual Amount
394.4
Tax Book Number
121.00
Tax Lot
2
Tax Year
2020
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Cable TV
Contact - Listing ID 6227184
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
