$1,080,000
$1,100,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/09/2021
Key Details
Sold Price $1,080,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Camelita Villa
MLS Listing ID 6151049
Sold Date 02/09/21
Year Built 1961
Annual Tax Amount $3,658
Tax Year 2020
Lot Dimensions 12,321 Survey Available
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This fourplex offers an amazing opportunity in one of the hottest submarkets in all of
Phoenix. Located in the Arcadia area, this property sits in a quaint, quiet cul-de-sac of
awesome mid-century buildings. It is within walking distance / a quick bike ride
(slightly over a half mile) to the original locations of both La Grande Orange and
Postino, two of Arcadia's most popular destinations. It is also a short bike ride to the
original location of the Madison Improvement Club and other new trendy retail
developments like Campbell Commons (Chop Shop, Provision Coffee Bar) and
Arcadia Place (radi8 Hot Yoga, Arcadia Meat Market, Masterpiece Donuts and Coffee,
etc.). Being a 5-10 minute car ride to the Biltmore Fashion Park in one direction and
Old Town Scottsdale in the other, this property truly sits in the hottest location in the
nucleus of Phoenix, allowing residents to enjoy, with ease, so much of what Phoenix
has to offer. With many dining, shopping, and entertainment options, as well as
multiple freeway access points within minutes, this is an extremely desirable area in
which to live.
This investment offering consists of a great unit mix of half one-bedroom / one-bath
units and half two-bedroom / two-bath units. They are all individually metered for
electricity and one unit has its own in-suite laundry. The buildings in this cul-de-sac
exhibit amazing examples of the vintage, mid-century charm that is so popular today.
All four of the units have been remodeled and many capital improvements have been
done. All four units have operated both as Airbnb /short-term vacation rentals with a
proven track record of solid income, as well as traditional market rate apartments.
There are multiple other opportunities to add additional value to the investment
through further renovations and rental increases. This is truly a unique offering in an
incredible location where investment properties such as this rarely come available.
*Furnishings not included in this offering but are available per separate agreement*
Location
State AZ
County Maricopa
Community Camelita Villa
Area Maricopa
Zoning R3
Direction South on 36th Street, Left (East) on Turney to Property on right (Southwest corner of Turney and 36th Place).
Interior
Heating Electric
Cooling Heat Pump, Individual
Flooring Ceramic Tile
Appliance Built-In Range, Disposal, Refrigerator, Washer/Dryer
Exterior
Parking Features 1 Space/Unit, On Street, Carport
Community Features Other, See Remarks, Barbecue
Roof Type Foam
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Biltmore Preparatory Academy
Middle Schools Loma Linda Elementary School
High Schools Camelback High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 170-26-045
Acceptable Financing Other (See Remarks), Conventional, 1031 Exchange
Disclosures Boundary Survey Avlb
Listing Terms Other (See Remarks), Conventional, 1031 Exchange
Financing Cash
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Bought with Berkshire Hathaway HomeServices Arizona Properties
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17215 N. 72nd Drive, Building B Suite 115, Glendale, AZ, 85308