About The Property

17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO $2,125,000 Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected incomeRead MoreRead Less
Courtesy of Coldwell Banker Realty 928-282-4666
Listing Snapshot
Days Online
683
Last Updated
Property Type
Multiple Dwellings
Beds
29
Year Built
1983
MLS Number
6770068
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Building
Built in 1983, Construction materials: Wood Frame, Painted, Stucco, 17 total units
Cooling
Central Air, Ceiling Fan(s), Electric
Expenses
Insurance: $7,200, Maintenance: $6,000
Floors
Vinyl
Heating
Individual, Electric
Parking
>1 Space Per Unit, 1 Space/Unit, Carport, 17 total parkings
Property
Zoning: R5
Roof
Built-Up
Security Features
Security Light(s), Security Guard
Sewer
Public Sewer
Taxes
Annual amount: $3,960, Lot: 17 condos
Utilities
APS
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30 Days Snapshot Of 85032
$510k
-6%
(avg) sold price
42
-25%
homes sold
79
+6%
(avg) days on market
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