NO VACANCY! Entire Complex is currently being rented out! Amazing Investment opportunity for a multi unit apartment building! 8 total units plus a main house to rent! Private pool and a basement for storage. Currently renting for $400 a month PER unit and $825 a month for the main home. There is no better return on investment in the area! Each unit has its own kitchen and full bathroom! Sparkling Pool has just been completely redone for an amazing appeal to all prospective tenants. Prime location that creates for a very rare and short vacancy rate.
Income flowing property 11.56% cap rate. All 3 units have been rented for years. All getting social security income and have always paid on time. Units were remodeled in 2009. This is an irrigated lot so expenses are very low. Rents are a total of $1,925 per month. If you are looking for a great income property with very low maintenance costs then this is the property. Roof mounted A/C units are about 10 years old, roof is about 6 years old, 2 of the water heaters are 5 years old. All of this equals low continuing maintenance costs. Please do not disturb the tenants.
Three fully leased rental income properties sitting on almost a half acre parcel in central Phoenix! Conveniently located near I-17, Metrocenter, Dining and Shopping! All units are individually electric metered. Land receives irrigation. Parcel is allowed up to 5 buildings so you have the ability to add an additional 2 homes!!
Great income tri plex that has been updated. This is a very clean property with 1 separate home in the back and 2 units up front. All separate metered units, newer appliances and cabinets, central A/C, paved parking area, grass yard and private yard for the rear unit. This is great for a manager or owner unit. 2 of the 3 are currently rented and all 3 units will easily rent for $500 a month each. Please do not disturb the tenants, drive by only.
**THIS UNIT REPRESENTS 1 OF 4 PROPERTIES BEING SOLD IN THIS PACKAGE** Properties include units and lease rates as follows: 135 - $650, 154 - $600, 166 - $625, 190 - $650. Properties average annual taxes of $205 per unit. Leases and financials will be provided to the buyer upon contract execution.