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3320 W Northern Avenue, Phoenix, AZ 85051
$730,000
3320 W Northern Avenue, Phoenix, AZ 85051View this property at 3320 W Northern Avenue, Phoenix, AZ 85051
3320 W Northern AvenuePhoenixAZ85051
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Property Description
The Northern Ave fourplex is a great investment opportunity with an impressive 6.9% Cap Rate. The property has frontage on Northern Avenue, providing convenient access to multiple retail centers, restaurants, and nearby freeways. The property consists of three 2-bedroom, 1-bathroom units and a spacious 3-bedroom, 2-bathroom unit. Two units have received complete renovations within the past two years. There are two shared garages and on-site laundry facilities. The property currently has below-market rates, with the potential to increase the value of two units within the next two months.
Full Property Details
Full Property Details for 3320 W Northern Ave
General
- Sold For: $730,000
- HOA FEE: $5,217
- Taxes: $2,035 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 6619662
- Added to Site: 215 day(s) ago
Interior
- Flooring: Carpet, Ceramic Tile, Vinyl
Parking
- Covered Spaces: 4
- Total Spaces: 8
- Parking Features: Paved Parking, Add'l Parking Avail, >1 Space Per Unit
Location
- County: Maricopa
- Township: 3N
- Subdivision: NORTHERN LANAI UNIT 1
- Cross Streets: Northern and 33rd Avenue
- Driving Directions: I-17 and Northern, west to property just prior to 35TH Ave on the North Side of the street
School Information
- Elem School District: Washington Elementary District
- High School District: Phoenix Union High School District
- Middle School: Palo Verde School
Heating & Cooling
- Air Conditioning: Yes
Utilities
- Sewer: Public Sewer
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Painted, Stucco, Frame - Wood
- Roof: Composition
- Year Built: 1974
Lot Features
- Lot Dimensions: IRR
- Frontage: Asphalt
- Zoning: Multi
Financial Considerations
- Maint. Fee/Month: $5,217
- Tax Amount: $2,035
- Tax Year: 2023
- Terms: No Carry, Conventional, 1031 Exchange
- Owner Pays: Trash Collection, Water, Sewer
- Tenant Pays: Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Buyer/Broker Compensation Available: Yes
- Legal Description: LOT 2 NORTHERN LANAI UNIT 1 MCR 016924
- Property ID: 150-09-869
- Range: 2E
- Section: 35
- Lot Number: 2
Listed by R.O.I. Properties
Sold by Berkshire Hathaway HomeServices Arizona Properties
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Schools
Schools serving 3320 W Northern Ave
School Districts:Glendale Union High School District, Washington Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
8710 N 31st Ave, Phoenix, AZ 85051 | K-6 | 0.8 mi | |
7502 N 39th Ave, Phoenix, AZ 85051 | 7-8 | 0.9 mi | |
8828 N 31st Ave, Phoenix, AZ 85051 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3320 W Northern Ave
Date
Details
Price
Change
Source
11/30/2023
Sold
$730,000
2.1%
MLS
10/18/2023
Listed
$715,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3320 W Northern Avenue, Phoenix, AZ 85051 (MLS# 6619662) is a Multi-Family property that was sold at $730,000 on November 30, 2023. Want to learn more about 3320 W Northern Avenue? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.