$650,000
$700,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/15/2020
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Stafford Village 2
MLS Listing ID 6122572
Sold Date 12/15/20
Maintenance Fees $3,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1959
Annual Tax Amount $1,688
Tax Year 2019
Lot Dimensions 10,782
Property Description
Welcome to Stafford Village Apartments. On this parcel sits 2 duplexes in the convenient neighborhood of Papago Village in Arcadia Lite. The unit mix consist of one 3 bed/2bath, one 2 bed/1 bath and two 1bed/1bath apartments. Property features updated kitchen & bath, laminate OR sealed concrete flooring, all block construction, covered parking, updated windows, stainless steel appliances, washer dryer hook-up and central A/C. Cap Rate on current rent estimated at 5.18%, with rents of $1012 (x2 for 1 beds), $1075 (for the 2 bed), and $1385 (for the 3 bed) per month. ProForma Cap Rate estimated at 6.51%, based on market rents of $1150, (x2), $1400, and $1600, respectively. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only
Location
State AZ
County Maricopa
Community Stafford Village 2
Zoning R-3
Direction From 48th Street (south of Thomas) turn left (east) onto Virginia Ave, then turn right (south), then turn left (south) again onto 48th Place.
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Stone, Concrete
Appliance FS OvenRange, WD Hookup
Exterior
Garage Paved Parking, Assigned, 1 Space/Unit, Street Parking, Common
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Paved Parking, Assigned, 1 Space/Unit, Street Parking, Common
Total Parking Spaces 4
Building
Sewer Public Sewer
Water Master Meter
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 126-17-031
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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