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16720 E WESTBY Drive, Fountain Hills, AZ 85268 (MLS# 6606413)

16720 E WESTBY Drive, Fountain Hills, AZ 85268

Property Type: Multiple Dwellings Status: Active
Current Price: $1,595,000 Last Modified: 9/22/2023


Wow! Located in the heart of coveted Fountain Hills, this 5-plex is a rare find and investors dream. The investment opportunity includes four 2 bed/2bath units, and an additional 3 bedroom 2 bath. Updated for the 21st century, the property has been remodeled extensively. Location, location, location! Walk to the center of town for the best restaurants, shopping, grocery stores, and the world famous lake. Obtain premium pricing with a fantastic pool and large lot. Each unit enjoys private laundry, patio, and covered parking space. Mountain views are a fantastic bonus feature designed to make any tenant choose this property.

More Information MLS# 6606413

Contract Info

Current Price: $1,595,000 List Price: $1,595,000 Status: Active List Date: 2023-09-17 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 16720 Compass: E Street Name: WESTBY St Suffix: Drive City/Town Code: Fountain Hills State/Province: AZ Zip Code: 85268 Zip4: 2756 Country: USA County Code: Maricopa Assessor's Map #: 1 Assessor's Parcel #: 373 Add'l Parcels: No Assessor Number: 176-01-373 Legal: LOT 30 BLOCK 7 FOUNTAIN HILLS ARIZONA FINAL PLAT NO 111 MCR 015012 Tax Municipality: Fountain Hills Taxes: 2606 Tax Year: 2023 Marketing Name: Westby

General Property Description

Lot Size Dimensions: 132X110 Year Built: 1974 Uncvrd Parking Spcs: 5 Total # of Units: 5 # of Buildings: 1 Zoning: MULTI Elementary School District: Fountain Hills Unified District High School District: Fountain Hills Unified District

Remarks & Misc

Cross Street: SAGUARO & Avenue of The Fountains Directions: North on Saguaro, Left on Palisades, Right on Westby Geo Lat: 33.611527 Geo Lon: -111.719856

Status Change Info

Status Change Date: 2023-09-17

Legal Info

Lot Number: 30

Income & Expenses

Annual Elec Exp: 2280 Annual Ins Exp: 3711 Annual Landscape Exp: 2615 Annual Maint Exp: 2500 Owner Association: No Annual Other Expense: 2874 Operating Exp: 16586 Gross Annual Sch Inc: 101000 Vacancy Allowance: 0.05 Adjusted Gross Inc: 95950 Totl Mnth Rntal Inc: 9350 Net Operating Income: 70051

Pmt & Rate Info

Cap Rate: 4.39 Equity: 1595000

Showing Notification Methods

Showing Service: ShowingTime

2 Bedroom Units

# 2 Bedroom Units: 5 Avg Rent: 1850 Avg SqFt: 1100 # Baths: 2

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Concrete; Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property Community Amenities: Pool Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s) Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers; Vertical Blinds; Mini Blinds Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Heating: Individual Cooling: Electric; Individual Water: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking: Carport; >1 Space Per Unit Roads/Streets: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool/Spa Maintenance Tenant Pays: Electric; Cable TV Source of Fincl Data: Provided by Owner Special: Incorporated Area Lockbox Type: Supra (ARMLS) Existing 1st Loan: Private Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Reports/Disclosures: None Environmental: None
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: September - 22 - 2023
16720 E WESTBY Drive, Fountain Hills, AZ 85268- MLS# 6606413
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