$565,000 Price Analysis    ♡   Phoenix, AZ 85018 3 bed 2 bath 1,648 SqFt ($342/SqFt) 162SqFt lot. Built 2005 Listed 2024-03-12, HOA $580, Taxes $2,022 | Ⓧ USDA Ineligible due to location near Phoenix |
Investor Special Property with Tenants in Place Welcome to an exceptional investment opportunity!
This property offers a unique blend of immediate rental income and promising potential for future value appreciation. Here's a brief overview: Location: Located in a thriving neighborhood known for its convenience and amenities, this property sits amidst bustling shops, restaurants and recreational facilities. Its proximity to major transportation routes ensures easy access to neighboring areas. Property Type: This multi-unit property is meticulously designed to offer comfort and functionality. Tenant Situation: Currently, all units are occupied by reliable tenants, providing a steady stream of rental income from day one. The presence of long-term tenants underscores the desirability and stability of this investment opportunity.
Investment Potential: With rental income already in place, this property presents an attractive proposition for savvy investors seeking immediate returns. Additionally, there's ample opportunity for value enhancement through strategic renovations or future rent adjustments in line with market trends. Financials: Detailed financial information, including current rental income, expenses and potential return on investment, will be provided upon request to serious investors. Opportunity for Growth: Beyond its current rental income, this property offers potential for long-term growth and appreciation. As the surrounding area continues to dvelop and property values rise, investors stand to benefit from both rental yield and capital appreciation. Conclusion: With tenants in place and promising prospects for growth, this investor special property represents a lucrative opportunity for those looking to expand their real estate portfolio. Don't miss out on the chance to secure a solid investment in a prime location.
Presented by Michelle Roden at
Barrett Real Estate.
Property MLS #6676265 from ArizonaRegionalMLS
Full Bathrooms: 2
Drink Wtr Filter Sys
Elevator
Fire Sprinklers
No Interior Steps
Pantry
Full Bth Master Bdrm
Separate Shwr & Tub
High Speed Internet
Granite Counters
Flooring: Carpet, Tile
Heating Features: Electric
Covered Patio(s)
Fencing: Wrought Iron
Lot Size Square Feet: 162
Association Amenities: Management, VA Approved Prjct
Association Fee: 580
Association Fee Frequency: Monthly
Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior
Calculated Total Monthly Association Fees: 580
Association Name: Arcadia Grove COA
Association Phone: 4805514300
High School: Arcadia High School
Middle School: Ingleside Middle School
School District: Scottsdale Unified District
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Maricopa
Tax Year: 2023
Source Property Type: Residential
Property Subtype: condo
Source Neighborhood: ARCADIA GROVE CONDOMINIUM
Ownership Type: Condominium
Parcel Number: 127-05-118
Postal Code Plus 4: 7309
Subdivision: ARCADIA GROVE CONDOMINIUM
Property Subtype: Apartment Style/Flat
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $24,250 + $6,060 $30,310 | $2,022 |
| 2020 | $23,690 + $5,920 $29,610 | $2,064 |
| 2019 | $22,770 + $5,690 $28,460 | $1,987 |
| 2018 | $21,100 + $5,270 $26,370 | $1,911 |
| 2017 | $20,020 + $5,000 $25,020 | $1,596 |
| 2016 | $18,010 + $4,500 $22,510 | $1,553 |
| 2015 | $15,740 + $3,930 $19,670 | $1,427 |
| 2014 | $13,360 + $3,340 $16,700 | $1,379 |
| 2012 | $11,640 + $2,910 $14,550 | $1,241 |
| 2011 | $11,640 + $2,910 $14,550 | $1,055 |
| 2009 | $24,480 + $6,120 $30,600 | $2,233 |
| 2008 | $30,720 + $7,680 $38,400 | $2,476 |
| 2007 | $26,880 + $6,720 $33,600 | $2,455 |
$565,000
ArizonaRegionalMLS
Listed 2024-03-12
$590,000
ArizonaRegionalMLS
Listing removed 2023-11-29
$2,500
ArizonaRegionalMLS
Listing removed 2023-01-23
$0
ArizonaRegionalMLS
Price Changed 2022-12-08
$515,000
ArizonaRegionalMLS
Listed 2022-07-14
$535,000
ArizonaRegionalMLS
Listing removed 2022-06-15
$0
TenantTurner
Listed for rent 2022-05-13
$2,400
TenantTurner
Listing removed 2021-04-06
$0
ShowMojo
Listing removed 2021-04-02
$0
ArizonaRegionalMLS
Price Changed for rent 2021-02-09
$2,000
ShowMojo
Price Changed for rent 2021-02-08
$2,000
ArizonaRegionalMLS
Listed for rent 2021-01-13
$2,149
ShowMojo
Listing removed 2021-01-08
$0
ShowMojo
Listed for rent 2020-12-21
$2,149
ArizonaRegionalMLS
Price Changed for rent 2020-12-02
$2,149
ShowMojo
Listed for rent 2020-10-24
$2,199
ShowMojo
Listing removed 2018-09-12
$1,995
ShowMojo
Listed for rent 2018-09-05
$1,995
ShowMojo
Sold 2018-07-18
$305,000
ArizonaRegionalMLS
Price Changed 2018-05-17
$314,900
ArizonaRegionalMLS
Listed 2018-05-02
$319,900
ArizonaRegionalMLS
Listing removed 2018-04-17
$319,900
ArizonaRegionalMLS
Price Changed 2018-04-12
$319,900
ArizonaRegionalMLS
Price Changed 2018-03-04
$324,000
ArizonaRegionalMLS
Price Changed 2017-12-01
$325,000
ArizonaRegionalMLS
Listed 2017-11-21
$339,900
ArizonaRegionalMLS
Listing removed 2017-11-12
$330,000
ArizonaRegionalMLS
Listed 2017-08-30
$330,000
ArizonaRegionalMLS
Sold 2010-12-10
$170,000
Public Record
Sold 2010-07-26
$150,000
Public Record
Sold 2005-09-30
$304,084
Public Record
Year Built: 2005
Building Area Source: Assessor
Building Exterior Type: Brick Veneer, Stucco, Frame - Wood
Construction Materials: Brick Veneer, Stucco, Frame - Wood
Property Age: 19
Roof: Concrete
Levels or Stories: 3
Building Total Stories: 3
Water Source: City Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.