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Key Details
Sold Price $1,230,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Westwood Terrace
MLS Listing ID 6308306
Sold Date 11/05/21
Maintenance Fees $4,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1952
Annual Tax Amount $3,000
Tax Year 2021
Lot Dimensions 19320
Property Description
Westwood Terrace on Osborn. Excellent investment opportunity located in the highly sought-after historic district of North Encanto! This sale includes two buildings. 1634 and 1640 W Osborn. Both are separately parceled. APN#'s 110-15-087 and 110-15-088. $1,210,000.00 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $605,000 each. 1 three-bedroom unit and 5 two-bedroom units, all one bath. Rents are currently well below market. All tenants are on a month-to-month lease. Easy to increase rents or vacate and renovate the units. Great location for an Airbnb/VRBO. Beautiful, lush green grounds with grass and trees. All facts and figures are approximate buyer verify MLS information. Drive by only. Access during inspection period.
Location
State AZ
County Maricopa
Community Westwood Terrace
Zoning M-H
Direction Just east of 17th Avenue on the North Side of Osborn.
Interior
Heating Natural Gas
Cooling Central A/C, Evaporative Cooling
Flooring Concrete
Appliance BI OvenRange
Exterior
Parking Features Common
Community Features No Pool
Roof Type See Remarks, Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise, Submetered System
New Construction No
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-15-087
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
Financing Other
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Bought with West USA Realty