16720 E WESTBY Drive, Fountain Hills, AZ 85268
$1,595,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,595,000
Last Modified:
9/22/2023
Description
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
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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