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3231 W MADISON Street Phoenix, AZ 85009
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Key Details
Sold Price $252,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wormsers Add Blk 4
MLS Listing ID 6058181
Sold Date 05/15/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1985
Annual Tax Amount $878
Tax Year 2019
Lot Dimensions 8010
Property Description
West Phoenix 4 unit with all 2 bedroom units (630 SF/unit). Value-add opportunity. Nothing else out there at this price for a 4 unit. Property will need some upgrading. Rents are $385/$405/$385/$385, well below market. Separate electric that is tenant paid. Cash or 1031 preferred. New construction projects going up nearby. Proforma CAP rate is very strong. No showings until escrow, please do not disturb tenants. Buyer to complete/rely on own due diligence.
Location
State AZ
County Maricopa
Community Wormsers Add Blk 4
Zoning R-5
Direction Exit 141 for 35th Ave, left on Van Buren, right on 33rd Ave, left on Madison to property.
Interior
Heating Floor Furnace, Wall Furnace
Cooling Evaporative Cooling, Ceiling Fan(s)
Flooring Concrete
Exterior
Garage Free
Community Features No Pool
Amenities Available Other
Waterfront No
Roof Type Composition
Parking Type Free
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 109-40-100-K
Financing Other
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Bought with Grayson & Grayson
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