1740 E Ocotillo Road Unit #4, Phoenix, AZ 85016

$6,000,000
List Price
$6,000,000
Status
ACTIVE
Days on Market
11
MLS#
6467180
City
Phoenix
Lot Size
8
Year Built
2022

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should generate 20%+ higher annual returns on investment over communities built with traditional materials and outdated building systems.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.

Additional Information

Gross Annual Sch Inc
685603
Adjusted Gross Inc
685603
Taxes
$113
Annual Elec Exp
12000
Annual Owner Assoc Fee
19200
Operating Exp
31313
Net Operating Income
$270,000
Units
4
Project Type
Four Plex
Construction
Ducts Professionally Air-Sealed, Frame - Wood, ICAT Recessed Lights, Low VOC Insulation, Low VOC Wood Products, Other (See Remarks)
Roofing
Foam
Parking
>1 Space Per Unit, Add'l Parking Avail, Attached, Garage
Cooling
Central A/C, Electric, ENERGY STAR Qualified Equipment
Heating
Electric, Heat Pump
Floors
Ceramic Tile, Other, Wood
Interior Amenities
Fire Sprinklers, Fire/Smoke Alarm(s), Unfurnished
Exterior Amenities
Cable TV Available, Desert Landscaping, Landscape Wtr System, Partially Fenced
Zoning
R-3
Subdivision
Ocotillo 1740
Community Amenities
Pool
Electric
APS
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Pool/Spa Maintenance
New Financing
1031 Exchange, Conventional
Elementary School
Madison Heights Elementary School
Middle School
Madison #1 Elementary School
High School
North High School
School District
210 - Phoenix Union High School District

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Mountain Sage Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.