$840,000
$875,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/12/2024
Key Details
Sold Price $840,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cave Creek Vista
MLS Listing ID 6641765
Sold Date 02/12/24
Maintenance Fees $3,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $751
Tax Year 2023
Lot Dimensions Approximate 131x159x131x160
Property Description
Here is your chance to own a piece of Cave Creek! Located close to everything this 4-Plex is sure to be a rare find. Over the last 20 years, the units have had updated so it is not a 1963 original property. This property is a great option for an owner occupied investment property with one unit vacant and it even has a garage! Currently 3 units are occupied on month to month leases. One unit is vacant. The timing is right to take advantage of this great opportunity. With an open unit you can do what you would like with the property! Located in the heart of Cave Creek with no HOA, the possibilities are endless for this property. Unit #5 will need updates as that was last updated 20 years ago. Current rents are below market rent and are now scheduled to increase to meet market rent.
Location
State AZ
County Maricopa
Community Cave Creek Vista
Zoning [MR] MULTI-FAMI
Direction Follow GPS, you can either park in the lot at the south end of the building or the long driveway in front of unit 8 (look for the garage)
Interior
Heating Electric
Cooling 2 or More Units, Ceiling Fan(s)
Flooring Ceramic Tile, Vinyl
Appliance BI Oven/Range, Washer/Dryer
Exterior
Garage Free, Add'l Parking Avail, >1 Space Per Unit, 1 Space/Unit, Street Parking
Community Features No Pool
Roof Type Foam
Total Parking Spaces 10
Garage Yes
Building
Sewer Public Sewer
Water Private Franchise
New Construction No
Schools
School District Cave Creek Unified District
Others
Senior Community No
Tax ID 211-08-003-C
Acceptable Financing Conventional, 1031 Exchange, VA Loan
Listing Terms Conventional, 1031 Exchange, VA Loan
Financing VA
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