2118 W BELMONT Avenue new Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85021
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Vista Income Estates 2
MLS Listing ID 6922688
Year Built 1986
Annual Tax Amount $5,261
Tax Year 2024
Lot Dimensions 17460
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Six unit complex with hard to find all two bedroom unit mix (729 sf/unit). Located in a quiet residential neighborhood, just south of Northern Ave. Close to LRT, Grand Canyon U, and Christown Mall. Many owner-occupied neighbors. Jumbo 17,500 sf lot with large parking lot & courtyard. R-3 zoning & building layout on the lot allows nice potential to add units. Rents range from $1,095-$1200 (market). 6 CAP. Long-term, local owner. Value-add, though there have been many upgrades. Built in 1986 with all separate electrical metering (mid to newer HVAC units). One building with three units up/down. Separate laundry & storage in the back (not currently used). DSCR 5-8 unit loan product with 30 yr am could be a good fit. Seller intends to 1031, no seller financing. Competitive $246/sf.
Location
State AZ
County Maricopa
Community Vista Income Estates 2
Zoning R-3
Direction Three blocks south of Northern to 19th Ave to Belmont west.
Interior
Heating Heat Pump,Electric
Cooling Ceiling Fan(s),Electric,Heat Pump
Flooring Other,Carpet,Vinyl
Appliance Built-In Range,Dishwasher,Refrigerator,See Remarks
Exterior
Parking Features Paved,Assigned,>1 Space Per Unit
Community Features Other,See Remarks,No Pool
Roof Type Composition
Private Pool No
Building
Sewer Sewer-In & Connected,Public Sewer
Water City Franchise
New Construction No
Schools
High Schools Glendale High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 157-21-076
Acceptable Financing No Carry,Conventional
Disclosures Other (See Remarks)
Listing Terms No Carry,Conventional