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Sold on 09/11/2015

122 Elliot Rd, Gilbert, AZ 85234

  • $165,000

    Last sold 09/11/2015 after 91 Days

  • 4

    bed

  • 2

    bath

Multi-family not for sale
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About 122 Elliot Rd

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Rental estimate
Property description
Incredibly rare opportunity for a multi-family property in Gilbert. This is a Mid-Century modern masterpiece, located in the heart of the popular, historic downtown Gilbert area. This duplex features original architecture and sophistication, and has been beautifully updated in a period-appropriate, classic style. The property is walking distance to shopping, restaurants, schools and parks. Apartments are in great demand as upscale offices, high-end restaurants, boutique stores and Saint Xavier University are being added to the downtown GIlbert area. Fantastic upside potential as the rent are currently under market rates.
Listed by
Listing Agent - David W Fry
Listing Office - Arizona Realty Shop
Source: ARMLS mls logo
MLS#5293110 • last updated 8 years ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Evaporative Cooling, Window/Wall Unit
Heating Natural Gas
MLS # 5293110
Type Multiple Dwellings
Status Closed
Property Tax 504
Year Built 1960
Interior
Flooring Ceramic Tile, Concrete
Appliances Free-Standing Range, Refrigerator, W/D Hookup
Exterior
Roof Composition, Rolled/Hot Mop
Construction Siding, Painted, Block
Parking Attached, 1 Space/Unit, On Street, Carport
# of Open Parking Spaces 2
# of Covered Spaces 2
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Hazelwood Terrace
Community Features No Pool
Elementary School Gilbert Elementary School
Elementary School District Gilbert Unified District
Middle School Mesquite Elementary School - Gilbert
High School District Gilbert Unified District
High School Gilbert High School
APN 304-11-189
Zoning R4
Directions E On Elliot To First Left, To Property On Right
Multifamily Details
Total # of Units 2
Expense: Operating 1154
Financial Data Source Projected Proforma
Net Operating Income 15611
Gross Income 16800
Expense: Water/Sewer 650
Gross Scheduled Income 16800
We are not permitted to show value estimates for this property.
  • Sep 2015
    mls logo MLS # 5293110
  • Sep 11, 2015 Sold
    $165,000 (-2.9%)
  • Jun 12, 2015 Listed
    $169,900
  • 122 Elliot Rd
    $165K
  • Heritage District
    $509K +13% y/y
  • 85234
    $585K 0% y/y
  • Gilbert
    $649K +2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Burk Elementary School
public Grades PK, K-6
Gilbert Unified District
10/10
Neely Traditional Academy
public Grades PK, K-6
Gilbert Unified District
4/10
Mesquite Jr High School
public Grades 6-8
Gilbert Unified District
5/10
Gilbert High School
public Grades 7-12
Gilbert Unified District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
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  • 122 Elliot Rd
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