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721 E SIERRA VISTA Drive #1-4 Phoenix, AZ 85014
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Key Details
Sold Price $620,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision East Orangewood Lot 23
MLS Listing ID 6050791
Sold Date 04/30/20
Maintenance Fees $2,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1967
Annual Tax Amount $2,256
Tax Year 2019
Lot Dimensions IRR
Property Description
Madison on Sierra Vista is a four unit apartment community located off seventh Street and the heart of the Uptown Phoenix blooming boutique restaurant and bar scene. The exclusivity of this area due in part to the highly desirable historic neighborhood as well as the lack of a vacant developable land have maintained some of the highest barriers to sub market entry in greater Phoenix. Located 2 miles north west of the Biltmore Camelback employment Corridor, residents will have immediate access to one of the pre-eminent professional cores in Arizona. Developed in 1967, Madison on Sierra Vista is comprised of for one bedroom floor plans averaging 650 ft.². The community space and 50% of the interiors have been completely renovated. Future ownership will have the opportunity to renovate the remaining 50% of the units, which includes a potential two bedroom conversion in the largest unit, with an expected premium of $300 per month. Please see proforma in documents tab
Location
State AZ
County Maricopa
Community East Orangewood Lot 23
Zoning RES
Interior
Heating Individual
Cooling Individual
Flooring Other
Appliance FS OvenRange, Refrigerator, BI OvenRange
Exterior
Community Features No Pool
Roof Type See Remarks, Foam
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 161-05-146-A
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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