122 W WASHINGTON Avenue Gilbert, AZ 85233
UPDATED:
02/21/2025 05:48 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Lacy Tract Blk 9
MLS Listing ID 6804854
Maintenance Fees $1,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1937
Annual Tax Amount $1,144
Tax Year 2024
Lot Dimensions 0.15 acres / 6,500 sqft
Property Description
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. Rented way below market $900-$1,100 Market rents are $1500-$1700 for the two bedroom and $1,900 to $2,200 3 bedroom
Zoned single family one meter shares utilities costs between houses one meter for water and sewer and trash
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
Zoning R-6
Interior
Heating Electric, Natural Gas
Cooling Electric
Flooring Ceramic Tile
Exterior
Parking Features Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Garage Yes
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Gilbert Unified District
Others
Senior Community No
Tax ID 302-18-077
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
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