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1740 E Ocotillo Road , #4

Phoenix, AZ 85016
  • $6,000,000
  • STATUS: Active
  • ON SITE: 1 Day
  • MLS #: 6467180
New On Site 1 Day Ago
UPDATED: 50 min ago
$6,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Information

Description

Built with next-generation building techniques, the most technologically advanced materials/systems, and top-of-the-line finishes, this North Central 4-unit single-family complex would make the ideal short-term rental community, for-rent investment project, or a mix of both. Given the complex's dramatically lower energy consumption, unmatched durability, and future-proofed systems, the community should generate 20%+ higher annual returns on investment over communities built with traditional materials and outdated building systems. Short-term rental guests will be drawn to the technologically advanced story and guest experience, while long-term renters will appreciate incredibly low utility costs, healthy interior air quality, unmatched local activities and top-ranked Madison Schools.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-24T17:16:05.623.
www.yournextphoenixhome.com/homes/133303896
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1740 E Ocotillo Road , #4 Phoenix, AZ 85016

  • Price: $6,000,000
  • Status: Active
  • On Site: 1 Day
  • Updated: 50 min ago
  • MLS #: 6467180
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2022
Built
Neighborhood:
Ocotillo 1740
County:
Maricopa
Area:
Phoenix
Elementary School:
Madison Heights Elementary School
Middle School:
Madison #1 Elementary School
High School:
North High School
School District:
038 - Madison Elementary District
Property Description
Built with next-generation building techniques, the most technologically advanced materials/systems, and top-of-the-line finishes, this North Central 4-unit single-family complex would make the ideal short-term rental community, for-rent investment project, or a mix of both. Given the complex's dramatically lower energy consumption, unmatched durability, and future-proofed systems, the community should generate 20%+ higher annual returns on investment over communities built with traditional materials and outdated building systems. Short-term rental guests will be drawn to the technologically advanced story and guest experience, while long-term renters will appreciate incredibly low utility costs, healthy interior air quality, unmatched local activities and top-ranked Madison Schools.
Exterior Features

Construction Ducts Professionally Air-SealedFrame - WoodIcat Recessed LightsLow Voc InsulationLow Voc Wood ProductsOther (See Remarks) Construction Finish Other (See Remarks)PaintedSidingStucco Covered Parking Spaces 8.00 Exterior Amenities Cable Tv AvailableDesert LandscapingLandscape Wtr SystemPartially Fenced Lot Size Dimensions 96' X 160' Parking >1 Space Per UnitAdd'l Parking AvailAttachedGarage Roads GravelPrivate Street Roofing Foam

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 2150 2 Bedroom Units Baths 25 3 Bedroom Unit Avg Sq Ft 2350 3 Bedroom Unit Baths 25 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDishwasherDisposalRefrigeratorWasher/Dryer Cooling Central A/CElectricEnergy Star Qualified Equipment Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileOtherWood Heating ElectricHeat Pump Interior Amenities Fire SprinklersFire/Smoke Alarm(S)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 14250.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 14250.00 3 Bedroom Units 3 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 685603.00 Annual Elec Exp 12000.00 Annual Ownr Asoc Fee 19200.00 Community Amenities Pool Cross Street 16th Street & Glendale Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 685603.00 Hoa YN Yes Net Operating Income 270000.00 New Financing 1031 ExchangeConventional Operating Exp 31313.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 113.00 Tenant Pays Cable TvElectricPool/Spa Maintenance Totl Mnth Rntal Inc 57000.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-3

Arizona Regional MLS logo Listing provided by Mountain Sage Realty: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-24T17:16:05.623.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206