The subject property comprised of all 2 bedroom, 1 bath units is an ideal value added opportunity to take advantage of the location that has seen a resurgence of higher end re-developments in the Camelback Corridor to the north and neighboring sub-markets.The resurgence has resulted in investors capitalizing on updating existing communities resulting in greater rental income yields per square foot. Recent renovation of several units have generated $775 in monthly rent.The property is built with block construction and stucco exterior, flat roofs, individually metered for electricity, individual HVAC and water heaters, large open landscaped area, pool, and ample parking.As a possible investment addition to this offering contact listing agent regarding adjacent 5 triplexes.
Completely remodeled 7 unit property. Mature landscape and shade trees surround this charming park-like apartment community. These well located, solid block-constructed apts were built in 1955 & consist of 4 one-bedroom one bath units, 2 two-bedroom one bath units & 1 two bedroom two bath units. Situated well away from street traffic these units each have carports, lots of additional parking & storage areas. This is a great opportunity for an investor to buy a 7 unit apartment in one of Phoenix's best rental areas.
Newly painted exterior! Spectacular Investment Property in a GREAT Location, close to shopping, schools and this property is located in the Historical Earll Place neighborhood. This investment property has 2 rented units consisting of a 2 bedroom / 1 bath and a 1 bedroom / 1 bath with a covered carport. Two new A/C Units were installed in 12/2013. Property is being sold ''As Is''.