UPDATED:
02/10/2025 03:51 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Vel Ru
MLS Listing ID 6818128
Maintenance Fees $3,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1948
Annual Tax Amount $2,002
Tax Year 2024
Lot Dimensions 144 x 50
Property Description
This is an amazing opportunity to own a triplex and a single-family home on one lot, qualifying for FHA, VA, and conventional financing - a rare find for investors and owner-occupants alike!
Property Details: Single-Family Home:
3 Bedrooms | 1.5 Bathrooms
Central A/C
Washer & Dryer Hookups
Triplex Units:
Three (3) Two-Bedroom, One-Bath Units
Each unit has washer & dryer hookups
Individually metered for electricity
Recent exterior paint. Investment Highlights:
Below-Market Rents - Significant upside potential to increase returns
Great Location - Centrally located in Phoenix, near freeways & residential neighborhoods
Recently appraised at $850,000
Fully Separately Metered - Tenants pay their own electricity
Versatile Financing Options - FHA, VA, and conventional financing eligible. All facts and figures are approximate. Buyer to verify MLS information. Drive-by only. Please do not disturb tenants.
Location
State AZ
County Maricopa
Community Vel Ru
Zoning R-4
Interior
Heating Other, See Remarks
Cooling Central A/C
Flooring Other, Ceramic Tile, Concrete
Appliance Other (See Remarks), None
Exterior
Parking Features Paved Parking
Community Features No Pool
Roof Type See Remarks,Composition,Rolled/Hot Mop
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Monte Vista Elementary School
Middle Schools Biltmore Preparatory Academy
High Schools Alhambra High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 120-37-048
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
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