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Key Details
Sold Price $940,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tierra Frutal
MLS Listing ID 6801232
Sold Date 03/14/25
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1961
Annual Tax Amount $1,150
Tax Year 2024
Lot Dimensions 130ft x 120ft
Property Description
4421 & 4423 N 23rd Avenue consists of (2) triplexes, (6) total units, was originally built in 1961 and is of block construction. The unit mix is comprised of 100% 2-Bed / 1-Bath units with spacious layouts averaging 730sf. The property features covered parking for residents along with a fenced in community courtyard. All units have private back patios along with washer / dryer hookups. The asset is in clean value-add condition, (3) of the units have recently been turned. With longer term tenants in-place, the purchaser has the option to continue cash-flowing or doing more significant upgrades as leases expire.
The property is situated within a half mile of the nearest I17 on-ramp and just minutes to downtown Phoenix, with immediate access to the light-rail as well.
Location
State AZ
County Maricopa
Community Tierra Frutal
Zoning R-3
Interior
Heating Individual, Natural Gas
Cooling Other, Electric, Individual
Flooring Ceramic Tile
Appliance Built-In Range, Other, Refrigerator, W/D Hookup
Exterior
Parking Features Paved, Carport
Community Features Other, See Remarks, No Pool
Roof Type Composition
Total Parking Spaces 20
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 154-16-004-D
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
Financing Conventional
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Bought with W and Partners, LLC