2015 E Eugie Terrace, Phoenix, AZ 85022

$980,000

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Sold Price
$980,000
List Price
$1,155,000
Closing Date
Nov 08, 2024
Days on Market
138
Status
CLOSED
MLS#
6724663
City
Phoenix
Subdivision
Sun & Sand Blk 1-3
Year Built
1985

Property Description

Discover the exceptional investment potential of 2015 E Eugie Terrace, a meticulously maintained multifamily property in North Phoenix. This offering includes a main 6plex constructed in 1985 and a separate single family residence dating back to 1960, all under the care of the current owners for over two decades. Property Features: Unit Mix: Consists of six spacious 2-bedroom, 1-bathroom units averaging over 700 square feet each, alongside a single family residence. Stability and Maintenance: Enjoyed trouble-free operations with a history of long-term tenants and continuous upkeep. Value Enhancement: Potential for rent increases to market rates through an interior renovation program, leveraging recent updates to units.

Additional Information

School District
Paradise Valley Unified District
Community Features
No Pool
Construction
Wood Frame, Painted, Block
Cooling
Central Air
Electric
APS
Flooring
Vinyl
Heating
Electric
New Financing
Conventional, 1031 Exchange
Parking Features
Paved, On Street
Roofing
Composition
Sewer
Public Sewer
Subdivision
Sun & Sand Blk 1-3
Taxes
$1,862
Tax Year
2023
Units
7
Water
City Franchise
Zoning
R-3

Courtesy of Orion Investment Real Estate. 480-634-6934 Selling Office: Orion Investment Real Estate.

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