The Orinoco Apartments are located in a high rental demand area in east Phoenix. Built in1973 of block construction, the property is individually metered for gas and electric. Its well maintained and has a history of high occupancy. Most of the units surround an attractive courtyard with pool and covered gazebo. The covered parking, being located in the rear of the property, is already very secure and the entire property is gated.Over the recent past, this neighborhood has experienced significant upscale investments, both in new townhome construction and high-quality apartment to condo conversions. This Biltmore / Arcadia area is convenient to a multitude of office, retail, service and other businessemployment opportunities plus numerous trendy coffee shops and restaurants.
You will not find a 4plex this clean with in one of the best areas of Phoenix. Very low turn over. 100K renovation in 2006. The following were done: New wood flooring living area/bedrooms - in all units, New window blinds all units New kitchen appliances all units, New kitchen cabinets and counters all units, New bathroom counters all units, New a/c for Apt 2, New Coin Operated Washer, Added low voltage exterior lights in front and on sides, New Electric Water Heater in Laundry Room. LBP, Rent Roll, and SPDS are in the documents section.
Custom 4-plex in Biltmore/Arcadia area. Rent all of the units or live in one and rent the other units! Unit #1: 2 bed, 2 bath, 1500+ sq ft, huge dining room, washer/dryer. Unit #2: 2 bed, 2 bath, 1200+ sq ft, huge rooms, washer/dryer. Unit #3: 1 bed, 1 bath, 575 sq ft. Unit #4: Studio with full kitchen and bath, 360 sq ft. Amenities: Covered carport parking, On-site laundry, Separate storage areas for each unit, Refrigerators in each unit, Gas & electric - individually metered, Water & Wifi included in rent, Private patio areas for each unit, Large grounds, Quiet & beautiful neighborhood & Great location! Please Do Not Disturb Tenants.
Age: Over 50 Years Old
Amenities: Patio, Security System, Security System
Biltmore Arcadia area with room for everyone. This property has so much to offer. There is a single-level 3bd/2 ba home (approx 1,350sf) with a2 car garage & private exterior laundry room & yard. Attached to the home is a 2bd/2ba townhouse-style guesthouse (approx 900sf) with its own enclosed yard. If that is not enough, there is a bonus detached duplex behind the home with individually metered 1bedroom 1 bath units, each (approx 600sf) with their own small yard and a cash-generating laundryroom. Ample covered parking is available also.
Incredible opportunity for the savvy investor! Plenty of space to build more units, remodel, or make just a few repairs and enjoy the monthly cash flow. This 7 unit property boasts a single family home with two units, detached home (perfect for the property manager). The 5 unit building has an on-site coin operated laundry for the convenience of the tenants and an additional income stream for the owner. This property is zoned for 7 units. The lot is a half acre and could comfortably fit even more than 7 units (must rezone). Have of the roof has been replaced recently. Great spot for a new town home or condo complex. Close to Arcadia. The potential is limitless!
Great investment property rests on 1/3 of an acre and features 2 buildings totaling 7 units that are individually metered for electricity. The front building is single story with small private patios and consists of three 1 bedroom/1 bath units and one efficiency unit. The back building is two-story was constructed in 1985, and consists of one 2 bedroom/1 bath unit and two 1 bedroom/1 bath units. The rear building boasts a new roof and copper plumbing along with remodeled units, all recently completed by the current owner.
Location, Location, Location - Income producing 1975 block contructed tri-plex on an irrigated corner lot in the sought after Arcadia Lite area. All units have remodeled kitchens & baths. Easy to maintain tile floors throughout each unit. Ceiling fans in each unit. Triplex includes one - 3 bed, 2 bath, One - 2-bed, 1 bath, and one - 1 bed, 1 bath. The 3 bedroom and the 1 bedroom have long term tenants. Exterior repainted 2 yrs. ago. All units & laundry rm have new water heaters. New roof - 2010. New A/C on 2 bedroom, 1 bedroom A/C 3 yrs. old. Fenced grass area with orange & grapefruit trees. Seller will possibly carry with $60,000 down. Lots of opportunities.
What a Great Location, in Central Phoenix. The duplex is in a residential area and close to attractive commercial buildings. Each unit has 2 bedrooms and 1 bath with 750 square feet of living area. There is a small backyard for each unit. One of the units has a 2 car carport and the other a 1 car carport. There is a free washer/dryer for the tenants use. The duplex is on a large lot that is cared for by the tenants. The tenants have lived here for over 3 years with no rent increase. With 20% down all of the financial numbers are solid. Please don't bother the Tenants.Thanks!!!!
WOW - Take A L@@k At This! CALLING ALL INVESTORS - TWO Houses For The Price Of One. This Is Two Separate Single Family Houses On One Beautiful Lot. Each House Features 2 Full Bedrooms And One Bath - Full Size 2 Car Carport - Plus French Doors One Patio, Large Living Rooms And A Fireplace. GREAT IDEA, OWN ONE House, Lease The Other, Or Bring In The Whole Family. This Is An Amazing Opportunity To Get Two Individual Homes Together. Lots Of Extra Storage, And Covered Parking. NOW Vacant, SO COME ON OVER.
Cute, fixed-up 2/1 Duplex with full occupancy. New appliances, stained concrete floors. Centrally located w/ shopping and transportation nearby. Both 800 sf units are just starting 1-year lease tenants at $650 each.