1101 E Butler Drive, Phoenix, AZ 85020

$725,000
List Price
$725,000
Status
ACTIVE UNDER CONTRACT
Days on Market
20
MLS#
6684855
City
Phoenix
Year Built
1963

Property Description

Discover an exceptional hillside 4-plex offering unparalleled mountain views. Perfectly located, it provides easy access to hiking and biking trails, ensuring a blend of adventure and tranquility. The property features two 1,110 sq ft upstairs units with 2 bedrooms, 1 bath, and large balconies to enjoy the scenery. Downstairs houses two cozy studios, perfect for various living needs. With ample parking and storage, this low-maintenance property in a popular area ensures hassle-free renting. An ideal investment opportunity awaits.

Additional Information

Taxes
$1,893
Net Operating Income
$45,387
Cap Rate
6.26
Units
4
Flooring
Carpet, Ceramic Tile, Wood, Concrete
Parking Features
Paved Parking, Free, >1 Space Per Unit, 1 Space/Unit, Common
Construction
Painted, Block
Roofing
Rolled/Hot Mop
Cooling
Central A/C, Wall/Window Unit(s)
Heating
Electric, Natural Gas
Zoning
Multi-Family
Subdivision
Beverly Hills Unit 1
Community Features
No Pool
Electric
APS, Master Meter, Individual Meter
Water
City Franchise, Master Meter
Sewer
Public Sewer
Tenant Pays
None
New Financing
No Carry, Conventional, 1031 Exchange, FHA, VA Loan
Elementary School
Desert View Elementary School
Middle School
Royal Palm Middle School
High School
Sunnyslope High School
School District
Glendale Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Russ Lyon Sotheby's International Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.