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601 W SOUTHGATE Avenue Phoenix, AZ 85041
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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6243550
Sold Date 10/29/21
Maintenance Fees $3,600
Year Built 1987
Annual Tax Amount $1,861
Tax Year 2020
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
S O U T H G AT E is a 8-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley.
Led by a rapidly expanding economic landscape, the property has nearby access to two of the Valley's most populated employment corridors,
Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than ±205,000 employees. The property also provides access to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and Phoenix Suns, respectively. Developed in 1987, Southgate is comprised of two-bedroom, one-bedroom floor plans averaging 760+- square feet. Future ownership will have the opportunity to upgrade all 8 classic interiors with an associated renovation premium of $150
per month.
Location
State AZ
County Maricopa
Zoning R-3
Direction N ON 7TH AVE TO SOUTHGATE. EAST TO PROPERTY.
Interior
Heating Individual, Electric
Cooling Heat Pump
Appliance FS OvenRange
Exterior
Community Features No Pool
Roof Type See Remarks, Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Rio Vista Elementary
Middle Schools Rio Vista Elementary
High Schools South Mountain High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 113-05-039-E
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Cash
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Bought with Non-MLS Office