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9618 N 5TH Street Phoenix, AZ 85020
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Key Details
Sold Price $870,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tengen Place Addition
MLS Listing ID 6195819
Sold Date 07/26/21
Maintenance Fees $4,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1991
Annual Tax Amount $1,077
Tax Year 2020
Lot Dimensions 13536
Property Description
Welcome to Mountain Vista Six an investment Opportunity in the North Central corridor of Phoenix. Six clean units in 1991 construction- three of the six are fully renovated and achieving great rents, 100% occupancy. All units have in-suite laundry, private patios, and plenty of off street parking. Current proforma is 5.54% cap on market rents of $1,000 each. Current rents average $888 currently. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants.
NEW construction townhomes starting at $625,000 each down the street at 9721 N 5th st driving up neighborhood desirability.
Location
State AZ
County Maricopa
Community Tengen Place Addition
Zoning R-3
Direction Turn right onto N 7th St left onto E Vogel Ave Turn right at the 1st cross street onto N 5th St
Interior
Flooring Ceramic Tile
Appliance BI OvenRange, WasherDryer
Exterior
Garage Paved Parking, >1 Space Per Unit
Community Features No Pool
Waterfront No
Roof Type Built-Up
Parking Type Paved Parking, >1 Space Per Unit
Total Parking Spaces 9
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 159-45-062
Acceptable Financing No Carry
Listing Terms No Carry
Financing Other
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Bought with Grace CRE
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