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Chris Ringhofer

christopher.ringhofer@gmail.com +1(480) 773-9359

$ 999,000

Est. payment | -/mo

Save

$ 999,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Foothill Lots

MLS Listing ID 7045461

Year Built 1987

Annual Tax Amount $11,361

Tax Year 2025

Lot Dimensions 10,483

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.

Location

State AZ

County Maricopa

Community Foothill Lots

Area Maricopa

Zoning R-4

Interior

Heating Electric

Cooling Electric

Flooring Vinyl

Appliance Refrigerator, Built-In Electric Oven

Exterior

Parking Features Paved, Free, >1 Space Per Unit

Community Features No Pool

Roof Type Foam,Rolled/Hot Mop

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

High Schools Sunnyslope High School

School District Glendale Union High School District

Others

Senior Community No

Tax ID 158-33-120

Acceptable Financing No Carry, Conventional, 1031 Exchange

Disclosures None

Listing Terms No Carry, Conventional, 1031 Exchange

Listed by Compass • Zachary Coty

Nearby Locations

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Chris Ringhofer

REALTOR® | Lic# SA70678000

christopher.ringhofer@gmail.com

+1(480) 773-9359

3104 E Camelback Road #135, Phoenix, AZ, 85016, USA

9648 N 12TH Avenue Phoenix, AZ 85021

Chris Ringhofer

Key Details

Location

Interior

Exterior

Building

Schools

Others

9648 N 12TH Avenue