$2,450,000
$2,600,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
1525 W INDIAN SCHOOL Road Phoenix, AZ 85015
Key Details
Sold Price $2,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Park Fairmont Amd
MLS Listing ID 6644884
Sold Date 02/20/24
Maintenance Fees $18,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1959
Annual Tax Amount $4,170
Tax Year 2023
Lot Dimensions 16200
Property Description
Great opportunity for ongoing multiple-unit income stream. Beautiful park-like setting in sought after mid-town location has 18 well-maintained rental units of varying sizes to fit different needs of renters. Many long-term renters reside on the property. Apartments were completely remodeled in 2010 ceramic floors, electricity, air conditioning and plumbing, interior walls, roofing, insulation and new drywall.
Location
State AZ
County Maricopa
Community Park Fairmont Amd
Zoning MULTI
Direction I-10 west to 7th Avenue, north to Thomas Rd, west to property.
Interior
Heating Individual, Heat Pump, Natural Gas
Cooling Electric
Flooring Carpet, Ceramic Tile
Appliance F/S Oven/Range
Exterior
Parking Features 1 Space/Unit
Community Features No Pool
Roof Type Rolled/Hot Mop
Total Parking Spaces 18
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-08-005-D
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Other
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Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with ABI Multifamily