740 E ALTA VISTA Road $807,500

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    740 E ALTA VISTA Road Phoenix, AZ 85042

    Closed
    SOLD 11/11/2020

    $807,500

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6099551
    Favorite Share
    Views: 37

    Property Details

    Alta Vista provides an investor the opportunity to own 6 casita type rental units that provide a single-family feel. All units have their own fenced front and back yards. This property also allows the new owner the opportunity to add value on the current units as well as the option to develop more units on the property. The property is currently 100% occupied and the rents were in place prior to the extensive exterior upgrades completed, allowing new ownership to push rents at lease renewal. The current owner had plans created to add four additional units on the north side of the property. Within the last 3 months the following exterior improvements were completed: modern wood panel fencing, fresh white exteriorpaint, repaired/resealed roofs, artificial turf, and fresh asphalt.

    • General Features
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street 7
      • Directions GPS
      • Gas Other (See Remarks)
      • Marketing Name Alta Vista Apartments
      • New Financing No Carry
      • Parking Other (See Remarks)
      • Project Type 5 - 12 Units
      • Roofing Comp Shingle
      • Tax Municipality Phoenix
      • Taxes $1,318
      • Total Units 6.00
      • Year Built 1968
      • Zoning R-3
    • Building Features
      • Construction Block
      • Appliances Included Other (See Remarks)
      • Floors Ceramic Tile
      • Cooling Other (See Remarks)
      • Heating Other (See Remarks)
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 6
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 1000.00
      • 2 Bedroom Units: Avg SqFt 768
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 33
      • Tenant Pays Other (See Remarks)
      • Owner Pays Water
      • Income & Expenses: Totl Mnth Rntal Inc 6000.00
      • Income & Expenses: Net Operating Income 52557.00
      • Income & Expenses: Gross Annual Sch Inc 70200.00
      • Income & Expenses: Adjusted Gross Inc 105300.00
      • Legal Info: Range 3E
      • Legal Info: Lot Number 0
      • Total Parking Space 12.00
      • Electric Other (See Remarks)
      • Exterior Amenities Fenced
      • Sewer Sewer - Public
      • Water See Remarks
    • Schools
      • School District 210 - Phoenix Union High School District

    Neighborhood

    85042 (Phoenix) Demographics

    31 Median Age
    2,915 Population Density (per sq. mile)
    30% College Educated
    $46,676 Estimated Median Income
    7,888 Estimated Total Home Owners
    5,593 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    43,820 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $312,674 Median Sales Price
    51 Homes Sold
    35 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source New Value: $915,000 13.31%
        11/11/2020 12:00:00 AM Sold Source New Value: $807,500
        10/26/2020 3:08:56 PM Status Changed Source New Value: Pending

        About

        Matt Rivera

        Matt Rivera Regional Mortgage Manager

        Matt Rivera – Regional Mortgage Manager, Long Mortgage

        Matt Rivera has more than 18 years of experience in the lending industry. He has experience in a wide variety of positions vital to the originating, funding and eventual sale of residential mortgages.  Matt currently manages a team of Mortgage Consultants, Processors and Closer in multiple states. Matt is a native Tucsonan and a graduate of the University of Arizona’s Eller College of Management with a major in Finance.  

        Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 1/25/2021 3:01:01 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.