Investors this is it..Income producing property and has even more potential with the vacant parcel adjacent to property (currently zoned multi-family). The complex has 9 2bd/1ba units and upstairs units have balconies & down stairs units have patios and are all individually metered for electric. Most units have tile floors. Lots of parking with covered and uncovered spaces. Built in 1985. This property backs up to North Mountain Preserve...great biking and hiking trails for the tenants. Adjacent parcel #159-11-017-C is 0.4 acres and must be included and sold as part of sale and is priced at only $25,000.00 and as mentioned is currently zoned multi-family. Buyer to verify all facts and figures to their satisfaction. Drive by only. Please do not disturb tenants. No sign on property.
Age: 21-30 Years Old
Appliances: Oven, Refrigerator
Architecture Style: Other
Cooling System: Central A/C
Exterior Type: Stucco
Floor Covering: Carpet, Tile - Ceramic, Vinyl
Heating Fuel: Natural Gas
Parking Type: Assigned, Carport, Paved or Surfaced
Motivated Seller. This is Five (5) units built in 1983 near good schools and employers. Mountain Preserve recreation area down the street. Large lot, over 13,000+sf. This is a money maker in good condition and easy to rent. Large rooms, tenant laundry room, lots of tenant parking. 100% Occupied.
Seller Will Finance! Money Maker! Fully Occupied and Well Maintained! Previous Owner Owned this property for 18+ Years! Don't Miss this Opportunity to Own in an Upward Trending Market! Rents & Property Values are on the Rise! Upside Potential - The one Bedroom units are below market rents with long term tenants! This Property can be purchased with Residential Financing! Newer Roof, Newer AC Unit & others work well, Newer Counter Tops, Flooring, Paint Etc.This One Will Not Last! Drive By Only-Please Do Not Disturb Tenants.
ALL LARGE TWO BEDROOM UNITS, REMODELED UNITS SOME WITH TILE THROUGHOUT, OUTSIDE LIGHTS WITH LAUNDRY FACILITY, GREAT INVESTMENT IN NORTH PHOENIX. ALSO IDENTICAL 4-PLEX FOR SALE IN SAME COMPLEX SEE MLS 5152733. BUY ONE OR BOTH.
All LARGE TWO BEDROOM UNITS, REMODELED UNITS SOME WITH TILE THROUGHOUT,OUTSIDE LIGHTS LAUNDRY FACILITY,GREAT NORTH VALLEY 4 PLEX TO OWN. ALSO FOR SALE IDENTICAL 4-PLEX IN SAME COMPLEX, SEE MLS 5122760. BUY ONE OR BOTH.
Incredible 12.85 cap rate, Owner lives in one unit, all other units are occupied. Owner says units rent within 1 week with 15-20 applications when there is a Vacancy. This property is a duplex being sold together with MLS# 5115984 for a total of 6 units. Tenants pay electric. Plenty of parking for all residents. Newer hot water heaters and ceiling fans in all units. Owner says ''Bring all Reasonable Offers''!
$$$ GREAT OPPORTUNITY FOR FULLY OCCUPIED 2 x 2-Bedroom & 1 x 3-Bedroom TRI-PLEX CURRENTLY @ $1,575 /mo in TOTAL RENT $$$ Seller has completed rehab including: Lot Drainage, Restoration of all 3 coolers to working order. New tile, Unit #2 is freshly painted, cabinets repaired. Window pane replacements; Drywall repairs, New landscaping & rock. Exterior repainted, Plumbing repairs to unit #1 and #2. Window unit A/C replaced in unit #3. New wood facia under roof, New 40 Gallon water heater in unit #2.OPPORTUNITY IN MONTHLY RENT GROWTH!! Units are easily rented in this high(er) demand rental area. ADDITIONAL OPPORTUNITY for MONTHLY $$$ IN COIN-OP LAUNDRY!!.
Incredible 12.85 cap rate, Owner lives in one unit, all other units are occupied. Owner says units rent within 1 week with 15-20 applications when there is a Vacancy. This property is a duplex being sold together with MLS# 5115985 for a total of 6 units. Tenants pay electric. Plenty of parking for all residents. Newer hot water heaters and ceiling fans in all units. Owner says ''Bring all Reasonable Offers''!