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1559 W MERCER Lane Phoenix, AZ 85029
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Key Details
Sold Price $660,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Muy Felices Casas Lt 1-20 Tr A-G
MLS Listing ID 6432898
Sold Date 12/06/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1984
Annual Tax Amount $1,711
Tax Year 2021
Lot Dimensions 68' x 63'
Property Description
ATTENTION BUYERS - Have you considered the investment strategy of an FHA purchase of a multi-unit building?
ATTENTION INVESTORS - Ask us how to save hundreds on your monthly payment, seller is willing to participate in rate buydown and increase your ROI.
This Fourplex has been very well maintained and has undergone many recent updates. All units are very spacious 2 bedrooms, 2 full bathrooms with a fireplace in all four! Both downstairs units have their own backyard & upstairs units have vaulted ceilings and private balconies!
All appliances are landlord owned and convey with the property. The roof was replaced last year and the exterior was just painted last month. See documents tab for list of updated appliances and HVAC systems/components.
100% occupancy in this building with room to increase rates at renewal time. One unit is expiring in October which makes it ideal for a buyer needing to occupy or the next unit to see an increase in rent.
Location
State AZ
County Maricopa
Community Muy Felices Casas Lt 1-20 Tr A-G
Zoning R3A
Direction From 19th Ave and Peoria - South on 19th Ave, East on Saguaro to Muy Felices Community. Turn left (north) on 16th Ave, second building on the right.
Interior
Heating Central, Electric
Cooling Central A/C, Electric, Ceiling Fan(s)
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WD Hookup, Microwave, WasherDryer
Exterior
Parking Features Common
Community Features Pool
Roof Type Tile, Foam
Total Parking Spaces 8
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
Elementary Schools Shaw Butte School
Middle Schools Mountain Sky Middle School
High Schools Greenway High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 159-14-083
Acceptable Financing No Carry, Conventional, 1031 Exchange
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Cash
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Bought with Non-MLS Office