$775,000
$795,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/30/2024
Key Details
Sold Price $775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Greenfield Acres Tract 2
MLS Listing ID 6748111
Sold Date 09/30/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1984
Annual Tax Amount $1,286
Tax Year 2023
Lot Dimensions irr
Property Description
Discover an exceptional investment opportunity with this well-maintained garden-style property at 1753 E Harvard, featuring a total of 8 units across two contiguous fourplexes, each on separate parcels. Priced per fourplex, this offering qualifies for residential financing, making it a prime choice for savvy investors looking to capitalize on a stable income stream.
**Property Highlights:**
- **Year Built:** 1984
- **Unit Composition:** 100% 2-bedroom / 1-bath units, each with an additional office space/study room.
- **Exterior Features:** Each unit includes large front patio areas, open backyard spaces, and ample front parking.
- **Utilities:** Individually metered for electricity.
- **Additional Income Potential:** Owner-operated laundry facilities in each building and storage Discover an exceptional investment opportunity with this well-maintained garden-style property at 1753 E Harvard, featuring a total of 8 units across two contiguous fourplexes, each on separate parcels. Priced per fourplex, this offering qualifies for residential financing, making it a prime choice for savvy investors looking to capitalize on a stable income stream.
**Property Highlights:**
- **Year Built:** 1984
- **Unit Composition:** 100% 2-bedroom / 1-bath units, each with an additional office space/study room.
- **Exterior Features:** Each unit includes large front patio areas, open backyard spaces, and ample front parking.
- **Utilities:** Individually metered for electricity.
- **Additional Income Potential:** Owner-operated laundry facilities in each building and storage rooms for each unit.
**Value-Add Opportunity:**
The property presents a light value-add opportunity through interior remodels, which could enhance tenant appeal and increase rental income.
**Prime Location Benefits:**
- **Close Proximity to Phoenix Children's Hospital:** Perfect for families seeking convenient access to top-notch pediatric care.
- **Nearby Amenities:** Minutes away from Phoenix Country Club, Coronado Park, and vibrant Downtown Phoenix.
- **Transportation Access:** Easy access to Route 51 Freeway and Phoenix Sky Harbor International Airport.
This garden-style property not only offers a solid investment with its attractive unit mix and valuable features but also provides extra income potential through the owner-operated laundry facilities. With its prime location and opportunities for value enhancement, this property is an ideal addition to any real estate portfolio.
**Please Note:** Buyers are advised to verify all facts and figures. Seller financing is not available. Interior inspections will be conducted on accepted contracts only. Please drive by only and do not disturb tenants.
Location
State AZ
County Maricopa
Community Greenfield Acres Tract 2
Zoning R-3
Direction Turn South onto N 16th Street: Continue driving south for about 0.4 miles. Turn east on 16th Street Property is on the south side of the street
Interior
Heating Individual, Heat Pump
Cooling Individual, Heat Pump, Ceiling Fan(s)
Flooring Ceramic Tile
Appliance F/S Oven/Range
Exterior
Garage Paved Parking, Free, >1 Space Per Unit
Community Features No Pool
Waterfront No
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction Yes
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 117-06-069-J
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
Financing Conventional
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7878 N 16th St Ste 130, Phoenix, Arizona, 85020, United States