3320 W Northern Avenue, Phoenix, AZ 85051
- $730,000
- Sold Price
- $730,000
- List Price
- $715,000
- Closing Date
- Nov 30, 2023
- Days on Market
- 7
- Status
- CLOSED
- MLS#
- 6619662
- City
- Phoenix
- Subdivision
- Northern Lanai Unit 1
- Year Built
- 1974
Property Description
The Northern Ave fourplex is a great investment opportunity with an impressive 6.9% Cap Rate. The property has frontage on Northern Avenue, providing convenient access to multiple retail centers, restaurants, and nearby freeways. The property consists of three 2-bedroom, 1-bathroom units and a spacious 3-bedroom, 2-bathroom unit. Two units have received complete renovations within the past two years. There are two shared garages and on-site laundry facilities. The property currently has below-market rates, with the potential to increase the value of two units within the next two months.
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Additional Information
- Middle School
- Palo Verde School
- School District
- Phoenix Union High School District
- Community Features
- Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Ceiling Fan(s), Electric
- Electric
- SRP
- Flooring
- Carpet, Ceramic Tile, Vinyl
- Heating
- Electric
- New Financing
- No Carry, Conventional, 1031 Exchange
- Parking Features
- Paved, Add'l Parking Avail, >1 Space Per Unit
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Northern Lanai Unit 1
- Taxes
- $2,035
- Tax Year
- 2023
- Units
- 4
- Water
- City Franchise
- Zoning
- Multi
Courtesy of R.O.I. Properties. 602-319-1326 Selling Office: Berkshire Hathaway HomeServices Arizona Properties.
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