Listing ID6511097
Sold For$4,300,000
StatusClosed
Sold Date4/10/2023
CountyMaricopa
SubdivisionMATERA VILLAS CONDOMINIUM
Year Built2016
Property TypeMultiple Dwellings
Matera Villas Townhomes are eight town homes 2016 construction townhomes near old town Scottsdale. These are separately parceled condo mapped townhomes with no HOA. All all 3 bedroom 2.5 bathroom units with covered parking. Tile roofs , frame construction stucco units. Floor plans are four 1,317 sq feet units and four 1557 sq foot units. Current rents are below market $2,200 to $2,400. Market rents are $2,900-$3,500. Individual metered for electric and easy care landscaping. Close to ASU the 202 freeway and near the 101. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MATERA VILLAS CONDOMINIUM
Year Built
2016
Zoning
[R-5] Multiple-
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1437
Cooling
yes
Flooring
Carpet
Heating
yes
Community Features
No Pool
Country
US
Directions
McDowell and Scottsdale RD Directions: East to 74th st turn South to 1st St behind SkySong, Belleview, Turn right(West) to Property on the right.
Elementary School
Other
Elementary School District
Scottsdale Unified District
General Property Description Elementary School
Other
General Property Description Elementary School District2
Scottsdale Unified District
General Property Description High School
Other
General Property Description High School District
Scottsdale Unified District
General Property Description Jr High School
Other
High School
Other
High School District
Scottsdale Unified District
Middle Or Junior School
Other
Postal City
Scottsdale
Township
1N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Covered Spaces
16
Electric
SRP
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
13089
General Property Description Total # of Units
8
Lot Size Dimensions
13089
Number Of Buildings
2
Number Of Units Total
8
Parking Carport
1
Parking Features
Paved Parking, >1 Space Per Unit, Common
Parking Total
16
Road Surface Type
Asphalt, Sidewalk(s)
Roof
Tile
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
Public Survey Range
4E
Public Survey Section
2
3 Bedrooms Units Avg Rent
3000
Cap Rate
5.56
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Gardener Expense
1200
Gross Income
279360
Gross Scheduled Income
288000
Insurance Expense
3000
Listing Terms
Conventional, Owner May Carry
Maintenance Expense
4000
Net Operating Income
236268
Operating Expense
43092
Owner Pays
Other, Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
13000
Tax Annual Amount
15692
Tax Book Number
131.00
Tax Lot
1001-08
Tax Year
2022
Tenant Pays
Electricity
Trash Expense
1200
Water Sewer Expense
5000
Contact - Listing ID 6511097
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker