Address
1740 E Ocotillo Road, Unit 4, Phoenix, AZ
Price
$ 6,000,000
Property Attributes
  • MLS#6467180
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodOcotillo 1740
  • Zip85016
  • Style
  • Year Built2022
  • Taxes$ 113
  • Price$ 6,000,000
  • Bedrooms11
  • Full Bathrooms100
  • Half Bathrooms0
  • Sqr Footage9200
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Built with next-generation building techniques, the most technologically advanced materials/systems, and top-of-the-line finishes, this North Central 4-unit single-family complex would make the ideal short-term rental community, for-rent investment project, or a mix of both. Given the complex's dramatically lower energy consumption, unmatched durability, and future-proofed systems, the community should generate 20%+ higher annual returns on investment over communities built with traditional materials and outdated building systems. Short-term rental guests will be drawn to the technologically advanced story and guest experience, while long-term renters will appreciate incredibly low utility costs, healthy interior air quality, unmatched local activities and top-ranked Madison Schools.

Elementary School Middle School High School
Madison Heights Elementary School Madison #1 Elementary School North High School
Price History
9/22/2022 Listed $6,000,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 14250.00
3 Bedrooms Units: Avg Rent 14250.00
3 Bedrooms Units: Avg Sqft 2350
4 Bedrooms Units: Avg Rent 0.00
City Phoenix
Construction Ducts Professionally Air-Sealed, Frame - Wood, ICAT Recessed Lights, Low VOC Insulation, Low VOC Wood Products, Other (See Remarks)
Cooling Central A/C, Electric, ENERGY STAR Qualified Equipment
County Maricopa
Directions Head south on 16th Street from Glendale to Ocotillo; head east (left) to community on left.
Electric APS
Elementary School Madison Heights Elementary School
Exterior Features Cable TV Available, Desert Landscaping, Landscape Wtr System, Partially Fenced
Features Pool
Flood Zone No
Gas Y/N None
Geo Lat 33.535079
Geo Lon -112.043541
Heating Electric, Heat Pump
High School North High School
Interior Features Fire Sprinklers, Fire/Smoke Alarm(s), Unfurnished
Map Code/Grid N34
Middle School Madison #1 Elementary School
Net Income 270000.00
New Financing 1031 Exchange, Conventional
Owner Pays Landscaping, Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Add'l Parking Avail, Attached, Garage
Property Type F
Public Remarks Built with next-generation building techniques, the most technologically advanced materials/systems, and top-of-the-line finishes
Roof Foam
School District 038 - Madison Elementary District
Sewer Sewer - Public
Status Active
Street Name OCOTILLO
Subdivision OCOTILLO 1740
Tax Municipality Phoenix
Taxes 113.00
Tenant Pays Cable TV, Electric, Pool/Spa Maintenance
Unit Number 4
Water City Franchise
Year Built 2022
Zoning R-3

Interior Features

2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 25
2 Bedroom Units: Avg Sqft 2150
3 Bedrooms Units: # 3 Bedroom Units 3
3 Bedrooms Units: # Baths 25
Appliances Included BI Oven/Range, Dishwasher, Disposal, Refrigerator, Washer/Dryer
Floors Ceramic Tile, Other, Wood
Street Suffix Road
Total Number of Units 4.00

Exterior Features

Sale Includes Land & Building
Const - Finish Other (See Remarks), Painted, Siding, Stucco
Covered Parking Spcs 8.00
Lot Size Dimensions 96' x 160'
Total Parking Spcs 12.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85016

Price
AVG $3.96M
$6M
Taxes
AVG $6,629
$113
Visits
AVG 57
16
Year Built
AVG 1975
2022

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