Sold $68,950 - Residential
Currently Rented month-to-month to 9 year tenant with an 8.8% Cap Rate. Nice, oversized condo – 1344 Sq.ft., 2 bed, 1.5 bath nestled between Biltmore and Arcadia. GREAT LOCATION! close to schools, shopping, nightlife, eateries, freeways, Old Town Scottsdale and Downtown Phoenix. Units rarely come on the market in this community. Tenant would like to stay, but would move with 30 day notice. HOA includes water, sewer, garbage, heating,cooling & electric – all utilities except phone and cable. No remodeled comps in the complex. Could be worth upwards of $100,000 with a light remodel.
Additional Details
- 3234 N 38th Street, Phoenix AZ 85018: Leased $1,485
- 3234 N 38th ST 9, Phoenix, AZ 85018: Leased $1,300
- 4127 E INDIAN SCHOOL RD 237, Phoenix, AZ 85018: Leased $1,170 - Smaller
- Property APN: 127-11-180
- Lot Size (sq.Ft): 671
- After Repair Value: $100,000
- Remodeling Cost: $20,000
- Number of Parking Spaces: 1
- Year Built: 1969
- Number of Levels: 2
