$430,000
$450,000
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1519 W DESERT COVE Avenue Phoenix, AZ 85029
Key Details
Sold Price $430,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Desert Cove Extension Lots 5-12, 21, 24-28
MLS Listing ID 6819664
Sold Date 04/05/25
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $929
Tax Year 2024
Lot Dimensions 115 X 60
Property Description
1519 W Desert Cove Ave offers a value-add investment opportunity within the desirable Sunnyslope Submarket. The property features three fully occupied units, including one 2-bedroom, 1-bathroom unit ($1,171/Mo), and two 1-bedroom, 1-bathroom units ($1,136/Mo & $1,146/Mo). All tenants are on month-to-month leases. Rents above include $71 monthly water reimbursement. This complex is conveniently located across the street from an 88-unit affordable housing project led by Commonwealth Development. Units are individually metered for electric and gas, with each unit charged $71/Mo for water/sewer. A great opportunity with significant upside potential!
Location
State AZ
County Maricopa
Community Desert Cove Extension Lots 5-12, 21, 24-28
Zoning R-3
Interior
Heating Individual, Electric
Cooling Other, Electric
Flooring Other
Appliance Built-In Range, Refrigerator
Exterior
Parking Features Other, Paved
Community Features See Remarks, No Pool
Roof Type Other,Composition
Total Parking Spaces 3
Building
Sewer Other, Public Sewer
Water See Remarks, City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 159-14-004-C
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
Financing Conventional
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Bought with R.O.I. Properties