This exceptional real estate opportunity consists of three parcels featuring two duplexes, three single-family homes, and a garage. A significant portion of the land remains vacant, offering ample space for future development. The property is zoned for multi-family use, proving potential for growth and expansion in a desirable area. This versatile investment is perfect for developers or investors looking to capitalize on the thriving local market. Don't miss the chance to explore the possibilities this property has to offer!
Property Attributes
MLS#6841463
Type Multi-Family
CountyMARICOPA
City Peoria
NeighborhoodVARNEY TRACT
Zip85345
StyleMultiple Dwellings
Year Built1955
Taxes$ 1710
Price$ 1,450,000
Bedrooms 0
Full Bathrooms 0
Half Bathrooms 0
Data Source:
Arizona Regional MLS (ARMLSN)
Sewer
Public Sewer
Heating
Window/Wall Unit(s),Electric,Floor Furnace,Wall Furnace
Cooling
Central Air,Evaporative Cooling,Window/Wall Unit,Electric,Individual
Roof
Composition
Zoning
RM-1
Construction Materials
Wood Frame,Painted
Year Built
1955
Electric
APS
Township
3N
Tax Year
2024
Ownership
Fee Simple
Gross Income
34200.0
OwnerPays
None
Community Features
No Pool
County
Maricopa
Net Operating Income
31650.0
Operating Expense
1710.0
Property Type
Multiple Dwellings
Attached Garage
No
Subdivision Name
VARNEY TRACT
Garage Y/N
No
Status
Active
Directions
Cactus road to 79th Ave then head south on 79th Ave. Take a right on W Cholla Street. Then a right on N 79th Drive. Entrance is on the right off 79th Drive.
City
Peoria
Disclosures
None
High School District
Peoria Unified School District
Open Parking Spaces
10.0
Number Of Units Total
7
Lot Size Square Feet
0.0
Carport Y/N
No
Tax Annual Amount
1710.0
Lease Renewal Y/N
No
Additional Parcels Y/N
Yes
Lease Considered Y/N
No
Rent Control Y/N
No
Standard Status
Active
Occupancy Type
Tenant
Elementary School District
Peoria Unified School District
Tax Lot
47,48
Cap Rate
2.18
MobileHomeRemainsYN
No
New Financing: Conventional
True
Ownership
Fee Simple
Senior Community
No
New Financing: Cash
True
Flooring
Vinyl
Air Conditioning Y/N
Yes
Heating Y/N
Yes