AZ > Phoenix > Village Meadow
Phoenix, AZ 85023,1905 W VILLAGE Drive
Phoenix, AZ 85023,1905 W VILLAGE Drive
Phoenix, AZ 85023,1905 W VILLAGE Drive
Phoenix, AZ 85023,1905 W VILLAGE Drive
Phoenix, AZ 85023,1905 W VILLAGE Drive
Phoenix, AZ 85023,1905 W VILLAGE Drive
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Michael Kitlas

Michael Kitlas

+1(480) 242-2203
$ 740,000
Est. payment | /mo
Save
$ 740,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Village Meadow

MLS Listing ID 6732203

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1970

Annual Tax Amount $1,455

Tax Year 2023

Lot Dimensions 88 x 154

Property Description

Exceptional fourplex in a prime location with zero turnover in over five years. This well-maintained asset features three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Situated within the North I-17 employment corridor, the area boasts over 95,000 jobs within a 5-mile radius of the property. The roof was replaced in 2020 and comes with a 10-year warranty, while the parking lot was repaved in 2022. Long-term tenants enjoy the large yard & maintain the property, resulting in minimal expenses for the owner. The owner covers water and electricity for security and laundry, while tenants are responsible for their own electric bills. This presents a value-add opportunity with immediate upside potential, as current rents are below market and on a month-to-month basis.

Location

State AZ

County Maricopa

Community Village Meadow

Zoning R-3

Direction From Bell, North on 19th Avenue to Village Drive, West to property on the South of the Street

Interior

Heating Electric

Cooling Electric, Ceiling Fan(s)

Flooring Other, Ceramic Tile

Appliance BI Oven/Range, Microwave, Washer/Dryer

Exterior

Garage Paved Parking, Add'l Parking Avail, >1 Space Per Unit, 1 Space/Unit

Community Features No Pool

Waterfront No

Roof Type See Remarks,Built-Up

Parking Type Paved Parking, Add'l Parking Avail, >1 Space Per Unit, 1 Space/Unit

Total Parking Spaces 9

Building

Sewer Public Sewer

Water City Franchise

Schools

Elementary Schools Village Meadows Elementary School

Middle Schools Deer Valley Middle School

High Schools Deer Valley High School

School District Deer Valley Unified District

Others

Senior Community No

Tax ID 208-07-080-C

Acceptable Financing 1031 Exchange, FHA, VA Loan

Listing Terms 1031 Exchange, FHA, VA Loan

Arizona Regional MLS (ARMLS)

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Marcus & Millichap

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Michael Kitlas

Partner | Lic# SA686121000

+1(480) 242-2203

Scottsdale, AZ, 85260

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1905 W VILLAGE Drive