UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6868458
Maintenance Fees $2,000
Year Built 1984
Annual Tax Amount $1,656
Tax Year 2024
Lot Dimensions 0.145
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Completed in 1984, Melvin Street is comprised of 100% two-bedroom floorplans, offering an average of 750 square feet. Current ownership has invested over $700,000 of capital improvements inclusive of complete exterior renovations with new paint/stucco, landscaping, repaved parking lot, dual pane windows, new roof-mounted HVAC systems (all units) and 21 units equipped with in-suite laundry. In addition, the interiors of 20 units have been fully renovated with new appliances, countertops, cabinets, flooring, interior paint, and upgraded fixtures. Future ownership will have the opportunity to exit on an individual fourplex basis as the property consists of individually-parceled contiguous buildings.
Location
State AZ
County Maricopa
Zoning R-5
Interior
Heating Individual
Cooling Ceiling Fan(s), Individual
Flooring Vinyl
Appliance Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Parking Features >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 109-25-150
Acceptable Financing Conventional, 1031 Exchange, FHA
Listing Terms Conventional, 1031 Exchange, FHA
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