1830 W Alta Vista Rd - Multi-Family FOR SALE


Phoenix, AZ 85041- South Mountain
$560,000 USD
602-688-9279
1830 W Alta Vista Rd, Phoenix, AZ for Sale
$560,000 USD
Multi-Family - FOR SALE
1/24
null | 6.34% Cap Rate

1830 W Alta Vista Rd
Phoenix, AZ 85041
South Mountain


HIGHLIGHTS

  • 5 Bedroom 3 Bath Rented for $3,495.00 per month-remodeled 2024
  • New Roof: New Shingles / Roof Boards/
  • ELECTRICAL: New Wiring throughout Lighting/Ceiling lights; Ceiling Fans (new)
  • New Plumbing (with PEX-A) throughout
  • FLOORING: Brand New (Bruce Hardwood flooring in Bedrooms) Porcelain Tile in Bathrooms
  • Bathrooms: New Vanity Sinks, New Shower heads, New Hollywood LED mirror New Medicine Cabinets, New Bidet,

OVERVIEW

**Investment Opportunity: Tenant-Occupied Gem!** 5 Bedroom 3 bath that the tenant's rent is $3,500 and cap rate is 6.34%. The Lease ends on 6/30/2025 Welcome to your next lucrative real estate venture! Nestled in a sought-after neighborhood, this remarkable 5-bedroom, 3-bathroom house with a spacious backyard offers an irresistible investment opportunity. Here’s why you should seize the chance: **Key Features:** 1. **Tenant Occupied:** Sit back and watch your investment grow effortlessly! This property is already generating substantial rental income, with tenants paying well above market rates. A stable income stream awaits you from day one. 2. **Prime Location:** Located in a desirable neighborhood, this property promises enduring value and high demand. Enjoy the convenience of proximity to schools, shopping centers, parks, and more, ensuring maximum tenant satisfaction and retention. 3. **Modern Upgrades:** Say hello to worry-free ownership! With a brand-new roof, washer, dryer, and appliances included, you can rest assured knowing that maintenance costs are minimized, and tenant satisfaction is maximized. 4. **Expansive Backyard:** Embrace the outdoors! The large backyard provides ample space for relaxation, recreation, and entertainment, making it an attractive feature for potential tenants seeking a lifestyle of comfort and leisure. 5. **New Paver Driveway:** Impress at first sight! The newly installed paver driveway enhances curb appeal and sets the stage for a warm welcome, leaving a lasting impression on both tenants and visitors. **Investment Highlights:** - **Income Potential:** Benefit from immediate cash flow with tenants already in place, offering an attractive return on investment. - **Low Maintenance:** With recent upgrades and meticulous upkeep, enjoy hassle-free ownership and minimal expenses. - **Value Appreciation:** Capitalize on the potential for long-term appreciation in property value, fueled by the property’s prime location and enduring appeal. **Don’t Miss Out!** This tenant-occupied treasure presents an exceptional opportunity for savvy investors seeking steady returns and long-term wealth accumulation. Act now to secure your future in real estate! 5 Bedroom Three Bath w/ Large Backyard Tenant in place at $3,495.00 per month 1830 West Alta Vista Road, Phoenix AZ 85034 ReModel Year 2024 New Roof: New Shingles / Roof Boards/ HVAC: 3 ½ Ton (Duct Cleaned ) 2024 by George Brazil Certificate of Service 2024 (George Brazil) Mini Split: 1 ton Brand New 2024 (ReCamera 5) ELECTRICAL: New Wiring throughout Lighting/Ceiling lights; Ceiling Fans (new) Plumbing: New Plumbing (with PEX-A) throughout FLOORING: Brand New (Bruce Hardwood flooring in Bedrooms) Porcelain Tile in Bathrooms Bathrooms: New Vanity Sinks, New Shower heads, New Hollywood LED mirror nEW Medicine Cabinets, New Bidet, Hand Held showers Paints: New interior painting (all rooms ; living rooms) New Exterior Paints + Stone Tiles in the front PAVERS: Brand new Pavers both in Front and Back Laundry Room: New General Electric Combo (Washer/Dryer) Home Depot Water Heaters: Instant Water Heater (Natural Gas) / Tankless Kitchen + Living Room: New Kitchen Island + New Kitchen with New Appliance Dishwasher/Garbage Disposal; Double Oven Range (not brand new) New Kitchen Cabinets Drawers/ Drawer pulls

FOR SALE DETAILS

PRICE

$560,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

1

PRICE/UNIT

$560,000

CAP RATE

6.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Bed 3 bath that the tenant's rent is $3,500

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

[R1-6] Single Family

APN/PARCEL ID

105-84-127

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.