5 DUPLEXES. ALL 10 UNITS ARE RENTED. CURRENTLY GETTING UNDER MARKET RENTS. AVERAGE RENT IS $700. AREA AVERAGE IS $750. ALL BUILDINGS/UNITS ARE IN EXCELLENT CONDITION WITH LITTLE TO NO MAINTENANCE REQUIRED. NEW ROOF ON 3 BUILDINGS, 5 NEW A/C UNITS.FRESH PAINT, TILE, BLINDS, LAUNDRY RM W/WASHER/DRYER AND REFRIGERATOR INCLUDED IN EACH. ALL ARE 2 BED/1 BATH W/BACKYARD, SOME WITH PATIOS. 5 MINUTE WALK TO THE MOUNTAIN PRESERVE.
Redevelopment opportunity! This offering is for 2 adjacent parcels-each has 7 units. 1551 E Christy Drive is 100% occupied & consists of a two bedroom home & three two-bedroom duplexes. 1562 E Peoria Ave has 3 two-bedroom units and 4 one-bedroom units in a casita style arrangement-it is vacant & needs a full rehab. At this price point, this is a tremendous opportunity for the investor with vision as the 270 mountain views are fabulous! The complex is located just East of Cave Creek Road on the NWC of Peoria & 15th Way with access on Christy Drive as well. There are many condominium complexes in the area, including the Pointe Condos at Tapatio Cliffs, taking advantage of the close proximity to Phoenix Mountains Preserve. Freeway access to SR-51 can be gained at both Cactus & Northern.
ONE OF THE A KIND!!!! Excellent investment opportunity. Centrally located with access to hiking, biking trails. Situated against the mountain.Two upper level 2 bedrooms 1 bath with large balconies to enjoy expansive views of the mountains. Private patios and private gate access to one of the fully remodeled 2 bed units with wood floor, granite counter top in the kitchen. Two studios on a lower level with newer appliances. Gated access to all units.Great cash flow. All units rented with long term tenants. Easy maintenance great and easy rental area..
Listing is for 5 Leased Condos: 129,135,221,236 and 239.There are 3-2 bedroom 1 bath units with 874 sq.ft. and 2-1 bedroom 1 bath units with 626 sq.ft. The Condos were Condo Converted about 10 years back and had all new cabinets with solid surface counter tops put in. They have stacked washer/dryers and black and stainless appliances. Rents are $675.00 plus $15.53 rent tax for units 129, 135 and 239 (2 bedroom units) and $575.00 plus $13.23 rent tax for units 221 and 236 (1 bedroom units). HOA fees are $190.00 each. The complex is Gated and sits alongside the Canal for miles of walking and biking. It has a great club house and a pool and spa. There are only 61 units in the complex and you can't beat the location. Inspection of units is only with accepted contract.
Fantastic investment opportunity in a highly desirable location. Located in a nice & quiet area. Minutes away from SR51, close to Pointe Hilton, Tapatio Cliffs Resort, shopping, luxury condos, office, etc. All 2-bed/1-bath units, Well maintained and strong rental history. Call for more details!
Age: 41-50 Years Old
Architecture Style: Other
Floor Covering: Carpet, Tile - Ceramic
Heating Fuel: Electric
Parking Type: Assigned, Carport, Paved or Surfaced
Investment opportunity with this 6 plex. Four buildings centered by a single family remodeled house and an efficiency studio bldg., a 2 bedroom duplex and a 1 bedroom duplex! Home was totally remodeled in 2011 with 2br+den/office, laundry rm, kitchen has new cabinets, tile flooring throughout, and lg living room w/fireplace. Great owner quarters! Various improvements and updates on all other units' kitchens, baths, and tile flooring. Shaded courtyard for the duplexes and efficiency w/keyed gate. Unit B resident acts as an onsite handyman and caretaker. Efficiency unit was once converted from the storage bldg. shown on tax records.
Great Unit Mix! Private patios with newer dual pane sliding glass doors! Most units remodeled in last 2 years. Large rear yard with storage. Room for rent growth! Plenty of parking! Built in 1977 of Slump block! Just a short walk to the transit hub! Buyer to verify all items during the due diligence period.
Fully Rented w/ Great Tenants! CLEAN Home with Bright, Open floor plan in a QUIET Neighborhood! Majority of interior freshly painted * Tile throughout except bedrooms which have brand new carpet * Large eat-in kitchen with lots of cabinet space * Huge Master bedroom (17'x10.5) * Cozy, private backyard with large shed (lots of shelving) * Big indoor laundry room off Double Carport * Mature Trees front/back * On school bus route
Rents have been raised!! Front two units now getting $600/mo back unit $495/mo. New leases being signed. Three units in north Central Phoenix. The front of the property is a duplex consisting of two bedrooms units. The rear unit is a one bedroom cottage. Individually metered for electric. Updates have been done on the property. Roof is newer along with newer electrical panel on the front duplex.
Look at CAP Rate! Priced to sell, selling as is. Large lot with 2 homes. Additional space on lot and zoned for an additional duplex on property. Great long term tenant in back home. New roof on front unit, new A/C's and exterior paint on both units. Back unit OCCUPIED, 1 bedroom 1 bath completely remodeled with new cabinets, appliances, and paint. Private gated yard; rent $565/mo. Front unit currently vacant, 2 bedrooms 1 bath has additional storage unit; rent $700 per month. 2 driveways with plenty of parking. Beautiful mt views, surrounded by amenities -Library, park, and more. Electric and gas separate meters, owner pays water. Great Investment Opportunity!