$661,170
$699,900
5.5%For more information regarding the value of a property, please contact us for a free consultation.
1608 W OSBORN Road Phoenix, AZ 85015
Key Details
Sold Price $661,170
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Westwood Terrace
MLS Listing ID 6135481
Sold Date 04/15/21
Maintenance Fees $2,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1952
Annual Tax Amount $1,505
Tax Year 2020
Lot Dimensions 9800
Property Description
Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan .
This portfolio sale 1614/1608 W Osborn and must be purchased together for a total sales price 1,399,000. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents. All units have private yards. Super close to Phoenix College, near restaurants, and shopping.
Location
State AZ
County Maricopa
Community Westwood Terrace
Zoning R-4
Interior
Flooring Ceramic Tile
Appliance WD Hookup, BI OvenRange
Exterior
Parking Features 1 Space/Unit, Common
Community Features See Remarks, No Pool
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Master Meter
New Construction No
Schools
Elementary Schools Encanto School
Middle Schools Osborn Middle School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-15-072
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Other
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