Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various… Read More interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential. Read Less
Courtesy of Compass 480-776-1555
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multiple Dwellings
Year Built
1987
MLS Number
7045461
30 Days Snapshot Of 85021
$658k
+13%
(avg) sold price
19
-48%
homes sold
75
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Refrigerator", "Built-In Electric Oven"
Building
Built in 1987, Construction materials: "Wood Frame", "Painted", "Stucco", "Block", "Slump Block", 8 total units
Cooling
"Electric"
Expenses
Insurance: $1,440, Water sewer: $1,800
Floors
"Tile", "Laminate", "Vinyl"
Heating
"Electric"
Parking
"Paved", "Free", ">1 Space Per Unit", 10 total parkings
Property
Zoning: R-4
Roof
"Foam", "Rolled/Hot Mop"
Sewer
"Public Sewer"
Taxes
Annual amount: $11,361, Lot: 13
Utilities
"APS"
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