$425,000
 $2,281 est/mo Sourced by Back At You

122 W Washington Avenue , Gilbert, AZ 85233

Gilbert, AZ 85233

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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. Rented way below market $900-$1,100 Market rents are $1500-$1700 for the two bedroom and $1,900 to $2,200 3 bedroomZoned single family one meter shares utilities costs between houses one meter for water and sewer and trashAll facts and figures are approximate buyer verify MLS informationDrive by only do not disturb tenantsDon'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

Details

MLS#6804854
Listing TypeFor Sale
Sub-TypeFor-sale
StatusUCB (Under Contract-Backups)
Year1937
Days On Site27
Listing Provided ByGrace CRE | Sophia J Willets

Features

Car PortYes
PoolYes
Units2
Building(s)2
ZoningR-6

Market Activity 85233

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Learn More About This Property

StateAZ
CountyMaricopa
CityGilbert
Zip Code85233
AreaMaricopa
Community NameLACY TRACT BLK 9
School DistrictGilbert Unified District
Elementary SchoolGilbert Unified District
Listing VS Median (in LACY TRACT BLK 9)
Price:
$425,000
low | high
Med:
$425,000
50% of Average
On Site:
27
low | high
Med:
30.000000
90% of Average
Sourced by Back At You
Listing Updated: February 7, 2025 at 2:15:41 PM PST
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