Listing ID6492982
Sold For$830,000
StatusClosed
Sold Date1/31/2023
CountyMaricopa
SubdivisionFOUNTAIN HILLS ARIZONA NO. 201
Year Built1987
Property TypeMultiple Dwellings
Investment Opportunity: 6.02% Cap Rate. Single Level Duplex in desirable FH location. Both units updated 2021. Each 2 bed/2 bath unit has it's own 2-car garage and a spacious & private backyard. Both units have large kitchens, new appliances, separate dining areas, in-unit laundry closets, vaulted ceilings. The L-shape corner building gives a single family feel to duplex living.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
FOUNTAIN HILLS ARIZONA NO. 201
Year Built
1987
Zoning
R-2
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
1300
Cooling
Central A/C, Ceiling Fan(s)
Cooling
yes
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
Shea East bound, Left on Fountain Hills Blvd, Right on Inca Ave, Left on E Hawk Dr,Right on N Saguaro Blvd, Right on N Bond Dr, Right on E Salida Dr
Unit 1 faces Salida Dr and Unit 2 faces Bond Dr
Elementary School
Four Peaks Elementary School - Fountain Hills
Elementary School District
Fountain Hills Unified District
General Property Description Elementary School
Four Peaks Elementary School - Fountain Hills
General Property Description Elementary School District2
Fountain Hills Unified District
General Property Description High School
Fountain Hills High School
General Property Description High School District
Fountain Hills Unified District
General Property Description Jr High School
Fountain Hills Middle School
High School
Fountain Hills High School
High School District
Fountain Hills Unified District
Middle Or Junior School
Fountain Hills Middle School
Postal City
Fountain Hills
Township
3N
Water Source
Individual Meter
Construction Materials
Painted, Stucco, Frame - Metal, Frame - Wood
Covered Spaces
4
Electric
SRP, Individual Meter
Garage
yes
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
11250
General Property Description Total # of Units
2
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
11250
Number Of Buildings
1
Number Of Units Total
2
Open Parking Spaces
4
Parking Garage
1
Parking Total
8
Road Surface Type
Concrete
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
6E
Public Survey Section
23
2 Bedroom Units Avg Rent
2500
Cap Rate
6.02
Disclosures
Seller Prop Disc Stm
Gardener Expense
1680
Insurance Expense
1753
Listing Terms
Conventional
Net Operating Income
54213
Operating Expense
4842
Owner Pays
Sewer, Landscaping
Tax Annual Amount
1409
Tax Block
4
Tax Book Number
176.00
Tax Lot
7
Tax Year
2022
Tenant Pays
Trash Collection, Electricity, Water, Cable TV
Contact - Listing ID 6492982
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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