Listing ID6239476
Sold For$1,885,000
StatusClosed
Sold Date9/30/2021
CountyMaricopa
SubdivisionFOUNTAIN HILLS HAMILTON CONDOMINIUMS
Year Built2007
Property TypeMultiple Dwellings
Fabulous 5 unit Turn-Key Investment property! Sold as package deal consisting of units 101, 102, 103, 104, & 105. These town house style condos are nestled on a quiet interior street less than 1/2 mile from fountain Park and shops and restaurants! The 2 end units are 2 bed, +den and 2.5 bath. The middle units are 3 bed, 2.5 bath. Each unit has an attached 1 car garage, large kitchen with stainless Steel appliances, new flooring throughout, granite counters in kitchen and baths, private patio and upstairs master bedroom has balcony with mountain views. No HOA.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
FOUNTAIN HILLS HAMILTON CONDOMINIUMS
Year Built
2007
Zoning
R-3
2 Bedroom Units # Baths
3
2 Bedroom Units Avg SqFt
1768
3 Bedrooms Units # Baths
3
3 Bedrooms Units Avg SqFt
1795
Cooling
Central A/C, Electric, Ceiling Fan(s)
Cooling
yes
Heating
Central, Heat Pump, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
From Shea turn North on Saguaro Blvd go past Fountain Park, turn Left on La Montana, then right on Hamilton Dr. Property is on the left.
Elementary School District
Fountain Hills Unified District
General Property Description Elementary School District2
Fountain Hills Unified District
General Property Description High School District
Fountain Hills Unified District
High School District
Fountain Hills Unified District
Postal City
Fountain Hills
Township
3N
Water Source
Irrigation, Individual Meter
Attached Garage
yes
Construction Materials
Stucco, Frame - Wood
Covered Spaces
5
Electric
SRP
Garage
yes
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
18473
General Property Description Total # of Units
5
General Property Description Uncvrd Parking Spcs
7
Lot Size Dimensions
18473
Number Of Buildings
1
Number Of Units Total
5
Open Parking Spaces
7
Parking Attached
1
Parking Features
Paved Parking, Add'l Parking Avail, Attached
Parking Garage
1
Parking Total
12
Road Surface Type
Asphalt
Roof
Tile
Sewer
Public Sewer
Water Irrigation
1
Mls Status
Closed
Public Survey Range
6E
Public Survey Section
14
2 Bedroom Units Avg Rent
2245
3 Bedrooms Units Avg Rent
2950
Cap Rate
5.63
Disclosures
None
Electric Expense
10318
Gardener Expense
1500
Gross Income
164300
Gross Scheduled Income
310000
Insurance Expense
6250
Listing Terms
No Carry, Conventional
Net Operating Income
118228
Operating Expense
35791
Other Expense
10093
Owner Pays
Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
Tax Annual Amount
1762
Tax Book Number
176.00
Tax Lot
101
Tax Year
2020
Tenant Pays
None
Trash Expense
2347
Water Sewer Expense
3521
Contact - Listing ID 6239476
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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