Great opportunity for 16 unit property with 10+% CAP rate! Seller financing available! City of Phoenix says you can have up to 27 units on the property (11 additional units). There currently is a large area desiginated for additional units. Amazing opportunity!Easy to rent! Several new AC units. Conveniently located approx 1 mile from I17, very close to North Mountain Preserve. Property has block construction & pitched roofs & is very efficient with limited landscaping & all units are individually metered for electricity. There is onsite laundry facility. Outstanding value at $31,250 per unit. 10% CAP rate is a great deal. Favorable terms for SELLER FINANCING!
* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
The Multi-Family (2-4 Units) located at 1801 W Mountain View Road, Phoenix, AZ 85021 is currently for sale.
1801 W Mountain View Road is listed for $500,000.
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