UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Encanto Westwood
MLS Listing ID 6756497
Year Built 1953
Annual Tax Amount $1,391
Tax Year 2023
Lot Dimensions 16848
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix's most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown's vibrant cultural, business, and lifestyle scene. Rare opportunity to acquire a top-performing asset in a high-growth market.
Location
State AZ
County Maricopa
Community Encanto Westwood
Zoning [M-H] MULTI-FAM
Interior
Heating Individual, Central, Natural Gas
Cooling Central Air, Ceiling Fan(s), Individual
Flooring Other, Ceramic Tile, Concrete
Appliance Free-Standing Range, Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features Other, On Street, Carport
Community Features Golf, Other, Barbecue, Shuffle Brd/Lawn Bwl, Play Area
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water Individual Meter, City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-15-091
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
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Learn More About LPT Realty
Rachel Eberspacher
REALTOR® | License ID: SA669309000
REALTOR® License ID: SA669309000