Wow seller is motivated!!! Cash cow!!! This is a value add project. All units are one bedrooms several units have been recently updated in with new tile paint. 3 units still need some updating as well as being finshed. All permits have been paid with blue prints. Needs about 10-20k more to finish this project! If fully rented this is over a 13% cap if self managed. But at 32k a door this is a great deal! The roofs have been done about 5 years ago.Coined washer and dryer seller owned convey for addtional income. All wall a/c units. All facts and figuers are approximate buyer verify MLS info
An income producing property that's easy to own and easy to manage. From its location, unique characteristics, condition, to the tenant mix - a great hands-off income focused property with little need for owner engagement. No utilities to pay. All tile and wood-type floors: no carpets. Each unit has a individual private laundry. 2 kitchens + 2 baths remodeled. 2 other units in very good condition. EACH UNIT is INDIVIDUALLY METERED for ELECTRICITY AND more importantly WATER. Very few such fourplexes exist in Phoenix - this is one of them. This saves about $200 per month and puts the deed of conservation on the tenants.Low maintenance all desert landscaping, yet it's lush and attractive.
Investor's delight! Can buy 1-12 units. Nice package of 12 condos available for $26-28,000 each, can be purchased individually. All 12 units are tenant-occupied and 7 out of 12 are TWO-BEDROOM UNITS! They have a cap rate of 8.1%, generating a net operating income of $26,062. Rents average $607/month/unit. HOA dues average $258/month/unit, because utilities are included in the rent for the tenants, but there is plenty of cash flow in these condos, with a 8.1% cash flow return. Onsite management available or you can choose your own property manager that is offsite.This is a beautiful well-run, well-maintained complex. Must be a CASH purchase.
Great Investment Opportunity ! Two(2)UNITS 4 BED/2 BATH. EACH UNIT LEASED FOR $950/MONTH. $1,900 TOTAL RENT COLLECTED MONTHLY. Two completely remodeled units including new cabinets, laminate flooring, new paint, windows, hardware and light features.1,275 sq. ft. per unit. total 2,550SF. Units are individually metered for electric. Water meter shared. Landlord pays for water, garbage, and sewer. Units were retro-fitted w/an attic foil which makes cooling and heating more affordable. Water heaters are on timers, to take an advantage of lower power rates. Inside laundry. Private storage units in separately fenced backyards. Great Central Phoenix location. Amount of rent is approximately $23,000 annually. Newest Duplex in the area. A lot of private parking. Rents very fast. 100% Occupied !!!
Fully Occupied - Low-Maintenance Tri-Plex across from Washington Elementary School - Great Location For Income Property!! New roof and AC units in 2011, freshly painted exterior in 2014, all units were remodeled in 2008. Units are all 2 Bed - 1 Bath. Units rent for $645 - $645 and $625 and have galley kitchen, newer tile, W/D hookups and large grassy backyards. Ample parking with small lot & on-street parking available. Additional financial data to be provided to buyer.
Great Investment opportunity. Cash flow currently is approx $1700 per month. The main house was built in 1991 and has stucco exterior and approx 1100 SF 2 bedroom with some tile flooring a (plus Covered patio and storage unit.) The other building is a single family home divided into two units. One is 1 bedroom 1.5 bath plus bonus room, approx 600 SF.with an original retro kitchen. The other unit is a 1 bedroom 1 bath cute with newer tile flooring and updated stainless stove approx 500 SF. (2nd building was built in approx 1960) All 3 are on separate utility meters. The lot to the east is part of the parcel totaling approx. 10,000 SF. (Potential for addition.) Landlord currently pays approx $180 per month for water sewer trash.
PLEASE DO NOT DISTURB THE TENANTS. DRIVE BY PROPERTY ONLY AND VIEW FROM OUTSIDE. Offer to be written and inspect the property during inspection period. FULLY RENTED DUPLEX. Great tenants that direct deposit rent. Well cared for Duplex. Both units are 2 bdrm 1 bath, average rent $600/mo which is below the market rental rates. Unit B remodeled with new A/C unit, Dual Pane windows, Bathroom updated, Kitchen updated, fresh paint, new blinds, cabinets, and appliances. Each unit has its own washer and dryer hookup. Each unit has one storage space and parking space under covered carport and additional space in driveway. Both units open to small private backyard. Beautiful mt views, surrounded by amenities -Library, park, and more. Great Investment Opportunity. Perfect for owner occupant.
Look at CAP Rate! PLEASE DO NOT DISTURB THE TENANTS. DRIVE BY PROPERTY ONLY AND VIEW FROM OUTSIDE. Offer to be written and inspect the property during inspection period. Large lot with 2 FULLY RENTED homes and lot is large enough and zoned for an additional duplex on property. Great long term tenants. New roof on front unit, new A/C's and exterior paint on both units. Back unit, 1 bedroom 1 bath completely remodeled with new cabinets, appliances, and paint. Private gated yard; rent $555/mo. Front unit, 2 bedroom 1 bath interior not recently remodeled, has additional storage unit; rent $690 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!
GREAT INVESTMENT OPPORTUNITY! FRONT HOUSE IS A TWO BEDROOM ONE BATH. THIS UNIT HAS NEWER WINDOWS AND 2 NEW AC UNITS (JAN '14). HAS HARDWOOD FLOORS, FRIDGE AND SPLIT BEDROOMS. SMALL REAR HOUSE IS ONE BEDROOM ONE BATH, 1 AC UNIT (APPROX 5 YEARS OLD), WALL HEATER & 3 GOOD SIZE SHEDS WITH A ONE CAR DETACHED CARPORT PLUS EXTRA UNCOVERED PARKING.SEPARATE ELECTRIC. NEEDS SOME UPDATING AND TLC.PARTIAL REMODEL DONE APPROX. 8 YEARS AGO.ENTRY FOR BOTH HOUSES OFF OF 5TH STREET. DO NOT DISTURB TENANT IN 1 BED/1BATH UNIT. PROPERTY Sold 'AS IS' WITHOUT WARRANTY.OWNER HAS BEEN PAYING 1st $40 OF WATER. TENANT PAYS ELECTRIC.