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Sold on 01/22/2014

1232 E Mountain View Rd, Phoenix, AZ 85020

  • $120,000

    Last sold 01/22/2014 after 73 Days

  • 4

    bed

  • 2

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1232 E Mountain View Rd

Property type Multi-family
Neighborhood
Year built 1986
HOA fee $0/month
Rental estimate
Property description
NOT A SHORT SALE AND NOT AN REO. Quick response from a private seller. This remodeled steel studs construction (no termite issues ever), turnkey duplex features large over 1,100 sq.ft. units that feel very spacious. It includes roomy living rooms, attractive bathrooms, upper unit has two full bathrooms. This property is projected to generate total rents of $15,960 per year adjusted gross income. Then after projected expenses of $2,478 the net operating income is $13,482 per year. This is a 10.5% CAP Rate (very attractive number for investors). Should take 9.5 years to pay it self, plus property appreciates each day.
Listed by
Listing Agent - Alex Lek Kalaj
Listing Office - HomeSmart
Source: ARMLS mls logo
MLS#5028549 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Central Air, Heat Pump
Heating Central, Heat Pump, Electric
MLS # 5028549
Type Multiple Dwellings
Status Closed
Property Tax 369.08
Year Built 1986
Interior
Flooring Carpet, Vinyl, Wood
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Steel Frame, Stucco
Parking Paved
# of Open Parking Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School Washington Elementary School
Elementary School District Washington Elementary District
High School District Glendale Union High School District
High School Glendale High School
APN 159-30-034
Zoning R-3
Directions From Peoria Ave. And Cave Creek Rd. Head South On Cave Creek Rd. To Mountain View Rd.left To Property On North Side Of Mountain View Rd.
Multifamily Details
Total # of Units 2
Expense: Operating 2478.08
Financial Data Source Owner
Expense: Maintenance 300
Expense: Insurance 489
Net Operating Income 13482
Gross Income 15960
Expense: Trash 648
Expense: Water/Sewer 672
Gross Scheduled Income 15960
We are not permitted to show value estimates for this property.
  • Jan 2014
    mls logo MLS # 5028549
  • Jan 22, 2014 Sold
    $120,000
  • Nov 10, 2013 Listed
    $127,500 (-22.3%)
  • Jan 2014
    Public Records
  • Jan 21, 2014 Sold
    $120,000 (-5.9%)
  • Mar 2005
    Public Records
  • Mar 9, 2005 Sold
    $164,000 (+59.2%)
  • Aug 2003
    Public Records
  • Aug 27, 2003 Sold
    $103,000
  • 1232 E Mountain View Rd
    $120K
  • North Mountain
    $399K -3% y/y
  • 85020
    $402K -10% y/y
  • Phoenix
    $465K -3% y/y
No chart available
Statistics calculated by Movoto

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7/10
Sunnyslope High School
public Grades 9-12
Glendale Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
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  • 1232 E Mountain View Rd
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