Seller may carry this attractive and high occupancy property in a highly desired North central Phoenix location. Located on a high-visibility thoroughfare, Tampico is near award-winning restaurants, employment, and the light rail system. Children attend the sought after Madison School District schools. See Documents tab for financial information. All facts and figures are approximate, including MLS info. Buyer and agent are advised to exercise due diligence and to verify all information to their satisfaction.
How do you spell Investment Opportunity - Osborn Manor! The complex is 100% occupied. Located near everything imaginable including stores, shopping, incredible dining, downtown, and ASU. Do the numbers and call me. Do NOT disturb the tenants. Viewing once an executed contract is completed and escrow has been opened.
Age: Over 50 Years Old
Amenities: Patio, Security System, Security System
DO NOT DISTURB OR APPROACH THE TENANTS.TOTAL REMODEL OTHER THAN THE EXTERIOR BLOCK WALLS IN 2010. CARPET/TILE/BATHS/CABINETS/KITCHENS/SINKS/FAUCETS/DOORS/-CEILING FANS/LIGHTING/RAFTERS/INSULATIONROOF/SHOWERS/TUBS/LAUNDRY ROOMS/H2O HTRS/APPLIANCES/COUNTER TOPS/BLINDS/ONLY ONE STOVE & ONE FRIDGE WERE KEPT. SMALLER APT 2/1 IN FRONT/3/1 IN BACK W/GRT RM/EACH HAS OWN LAUNDRY & YARD. TENANTS PAY ELECTRIC/LANDLORD PAYS W/S/G TO CITY. GREAT LEASES IN PLACE.
Beautiful block solid fourplex in Midtown Phoenix! Great neighborhood! Unit mix is 2 two bed units and 2 one bed units, all with covered parking and private rear yards. 100% occupied. Newer electric and HVAC units. Rents are under market - room to grow! Buyer to verify all items prior to close of escrow.
LOCATION, LOCATION, LOCATION! This is a 1958 block constructed triplex on an irrigated corner lot in a highly sought after North Central Phoenix location - Madison School District. Easy access to SR-51 from either Lincoln or Bethany Home on-ramps. Newer roof/ACs. Owned coin laundry for tenant convenience & tenant storage too!This is NOT A SHORT SALE AND NOT A REO. Quick answers from a seller who is a licensed AZ Real Estate Agent. For the Investor: This property is projected to generate total rents of $22,320 less 10% vacancy of $1,116 per year. Added income from Laundry of $840 equals $21,204 adjusted gross income. Then after projected expenses of $7,529 the net operating income is $14,515 per year based on pro forma. The Cap Rate should be 5.92%.
7 UNIT APARTMENT BUILDING. 4 BUILDINGS, ONE 3 BEDROOM UNIT, TWO 2 BEDROOM UNITS AND FOUR ONE BEDROOM UNITS, 5 OF THE UNITS ARE RENTED AND THE 2 UNITS ARE IN RENT READY CONDITION. PRIVATE BACKYARD FOR EACH UNIT. OWNER WILL CONSIDER CARRY $120K OF PURCHASE PRICE @ 7.5%, PLEASE EMAIL FOR DETAILS. PLEASE DO NOT BOTHER TENANTS. DRIVE BY FIRST AND THEN CALL OWNER TO SCHEDULE VIEWING OF VACANT UNITS. FULL INTERIOR INSPECTION WITH ACCEPTED OFFER BUYER TO VERIFY ALL INFORMATION TO BE ACCURATE DURING INSPECTION PERIOD. LISTING AGENT IS ONE OF THE OWNERS
This is an opportunity to purchase a single family house and duplex on a verylarge lot within walking distance to a large elementary school.Conveniently located in a quiet residential neighborhood of Central Phoenix, thearea offers easy access to dynamic downtown Phoenix, multiple employmentopportunities, retail, school, colleges, and major transportation arteries.