122 W WASHINGTON Avenue Pending Save Request In-Person Tour Request Virtual Tour
Gilbert,AZ 85233
Key Details
Property Type Single Family Home
Sub Type Single Family - Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 1,124 sqft
Price per Sqft $378
Subdivision Lacy Tract Blk 9
MLS Listing ID 6803694
Bedrooms 5
Year Built 1937
Annual Tax Amount $1,144
Tax Year 2024
Lot Size 6,500 Sqft
Property Sub-Type Single Family - Detached
Property Description
Discover a unique opportunity to own a piece of historic charm in the heart of Downtown Gilbert! This delightful property offers not one, but two homes on the same lot, making it an ideal choice for savvy investors, first-time buyers, or those seeking a multi-generational living arrangement.
Main House Features:
3 Bedrooms & 1.5 Bathrooms 1,124 square feet.
Cozy yet spacious living areas with character-rich details.
A single-car carport for convenient parking.
Perfect for a small family or those looking to make this gem their own.
Guest House Features: 750 square feet
2 Bedrooms & 1 Bathroom
Separate entry and utilities for added privacy and independence.
Ideal for rental income, extended family, or a private workspace. Prime Location: Just steps away from Downtown Gilbert's bustling dining, entertainment, and shopping scene.
Dual Utility Setup: Both homes are separately metered for electricity and water, offering flexibility and easy management. Shared trash service simplifies maintenance.
Investment Opportunity: With both homes tenant-occupied, you can start earning income immediately.
Important Notes:
The main house features variations in floor levels, adding a touch of character to the layout.
This is a rare chance to own a property in one of the most sought-after areas of Gilbert, with endless potential to customize or maintain as an income-generating asset.
Current tenants are month to month.
All facts and figures are approximate buyer verify MLS information
Drive by only do not disturb tenants
Don't miss your chance to own this incredible property in the heart of Downtown Gilbert.
Attention tenants are month to month $900-$1100. 2 electric meters (only 1 turned on), 1 gas meter for front unit (back unit has no gas), 1 water meter
Location
State AZ
County Maricopa
Community Lacy Tract Blk 9
Rooms
Other Rooms Guest Qtrs-Sep Entrn
Interior
Heating Natural Gas
Cooling Both Refrig & Evap
Fireplaces Number No Fireplace
Fireplaces Type None
Laundry WshrDry HookUp Only
Exterior
Exterior Feature Storage, Separate Guest House
Parking Features Detached
Fence Chain Link
Pool None
Community Features Historic District
Amenities Available None
Roof Type Composition
Building
Lot Description Alley,Desert Front
Story 1
Builder Name unknown
Sewer Sewer in & Cnctd,Public Sewer
Water City Water
Structure Type Storage, Separate Guest House
New Construction No
Schools
Elementary Schools Gilbert Elementary School
Middle Schools Gilbert Classical Academy 7-12
High Schools Gilbert Classical Academy High School
School District Gilbert Unified District
Others
Acceptable Financing Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Conventional,1031 Exchange,FHA,VA Loan