Address
430 E REIZEN Drive, Morristown, AZ
Price
$ 450,000
Property Attributes
  • MLS#6697971
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMorristown
  • NeighborhoodCIRCLE CITY
  • Zip85342
  • StyleMultiple Dwellings
  • Year Built1959
  • Taxes$ 434
  • Price$ 450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Fully remodeled, Two One-Bedroom Units in the vibrant connected small community of Circle City. Duplex is separately metered. With several large employment centers and growing rents in this area you cannot go wrong making this your home or investment. New AC units. The property has been well maintained with full remodels in 2021 and 2023. The zoning allows for an additional unit. Priced to cash flow on day one. PROFESSIONAL PHOTOS COMING SOON.

Elementary School Middle School High School
Morristown Elementary School Morristown Elementary School Mountainside High School
Price History
4/28/2024 Listed $450,000

General Features

Sewer Septic in & Cnctd,Septic Tank
Heating Heat Pump,Electric
Cooling Individual,Heat Pump,Ceiling Fan(s)
Roof Composition
Zoning R-3
Construction Materials Painted,Block
Year Built 1959
Electric APS,Individual Meter
Tenant Pays Trash Collection,Gas,Electricity,Cable TV,Landscaping
Township 6N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 31869.6
OwnerPays Water
Community Features Sport Court,Play Area,Clubhouse,No Pool
County Maricopa
Net Operating Income 11784.0
Operating Expense 1943.0
Insurance Expense 709.0
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 500.0
Subdivision Name CIRCLE CITY
Garage Y/N No
Status Active
Directions Head west from US 60. Turn right on to Gompers Cir and then Right on Reizen Drive. Property on the right. DRIVE BY TO LOOK ONLY. NO SIGN. DO NOT APPROACH DUPLEX.
High School Mountainside High School
City Morristown
Buyer Agent Compensation 10000.00
Disclosures Other (See Remarks),Seller Prop Disc Stm,Sch of Personal Prop
View Y/N No
High School District Nadaburg Unified School District
Open Parking Spaces 4.0
Total Units 2
Lot Size Square Feet 0.0
Carport Y/N No
Street Name REIZEN
Elementary School Morristown Elementary School
Tax Annual Amount 434.0
Electric Expense 0.0
Current Financing Assume - Qualify
Fuel Expense 0.0
Middle/Junior High School Morristown Elementary School
Trash Expense 0.0
Water Sewer Expense 300.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 15
Standard Status Active
Occupancy Description Tenant
Elementary School District Morristown Elementary District
Tax Lot 6
Cap Rate 2.62
MobileHomeRemainsYN No
Buyer Agent Compensation Type $
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Existing_sp_1st_sp_Ln_sp_Trms_co_Assume_sp__hyphen__sp_Qualify True
Senior Community No
New Financing True

Interior Features

Flooring Ceramic Tile,Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Drive
Electric On Property Y/N No

Exterior Features

Parking Features Paved Parking,Free,RV/Boat Parking,Add'l Parking Avail,>1 Space Per Unit
Water Source Private Franchise,Individual Meter
Total Parking 4.0
Lot Size Area 0.0
Number of Buildings 1
Spa No
Lot Dimensions 100x60
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

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 85342

Price
AVG $450K
$450K
Taxes
AVG $434
$434
Visits
AVG 83
86
Data Provided by Inside Real Estate®
Year Built
AVG 1959
1959

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