REDUCED $50,000! SELLER WANTS THIS SOLD NOW! NO VACANCY! This is your incredible opportunity to own a wonderful monthly cash flowing apartment complex! 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!!