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2536 W MORTEN Avenue Phoenix, AZ 85051
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Key Details
Sold Price $520,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Vista Income Estates Unit 5
MLS Listing ID 6565682
Sold Date 07/07/23
Maintenance Fees $500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1924
Annual Tax Amount $779
Tax Year 2021
Lot Dimensions na
Property Description
Amazing investor opportunity! Rental income brings in $3,400 a month with potential to bring in more. The front house is fully remodeled that features granite throughout, new cabinets, new tile flooring, new electrical, new roof, etc. Currently being rented for $1800 a month which includes water and trash for tenants (which is less then $100 a month). Renters have lease through February 2022 and tenants are wanting to renew. Great rental with no issues! In addition to the main house there is a second home in the back of the property that was built 2 years ago and currently brings in $1,600 a month. Tenants have been there for a year and half, they always pay early or on time. This property increases rent yearly $100-$200 a month. Overall incredible opportunity!
Location
State AZ
County Maricopa
Community Vista Income Estates Unit 5
Zoning R-3
Direction 1-17 and northern take south to morten off freeway side ramp right to morten 7-8 homes on right
Interior
Heating Natural Gas
Cooling Central A/C, Electric, Ceiling Fan(s)
Flooring Ceramic Tile
Appliance Microwave, Washer/Dryer
Exterior
Parking Features Paved Parking, >1 Space Per Unit, Street Parking
Community Features No Pool
Roof Type Composition
Total Parking Spaces 2
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Washington Elementary School - Phoenix
Middle Schools Phoenix Coding Academy
High Schools Phoenix Coding Academy
School District Glendale Union High School District
Others
Senior Community No
Tax ID 157-30-018-B
Acceptable Financing Conventional, 1031 Exchange, FHA, Owner May Carry, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, Owner May Carry, VA Loan
Financing Conventional
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