This property is set up and ready to be used as a type of Residential Facility. Would be a great fit for anything from an Assisted Care Facility, Foster Care, or Behavioral Health Care. It is being completed with the final touches as we speak. It has a 10 unit on one parcel and a 5 unit on the other parcel. It has been taken down to the slab and built all the way back. All you need is the operator. We have a placement service for you as well if you need it. Stabilized this property has a projected yield of a 41% ROI. Call to show!See Document tabs for Floor Plans and Site PlanSold with APN 162-05-002 & 162-05-003
Age: Over 50 Years Old
Amenities: Patio, Security System, Security System
BULK SALE OF NEW CONSTRUCTION PHOENIX URBAN INFILL PROPERTIES! This sale also includes property at 1240 North 28th Place (APN# 121-74-126) This offering is for a total of 7 fully leased units at a cap rate of 6.7%. The 11th St property was completed in 2014 and the 28th Pl property in 2015. Each lease has a 1 year minimum lease period. Tenants pay all utilities. Both properties have low maintenance landscaping, no grass, and only artificial grass. New construction means low repair costs as well. NOI is calculated at $90,698.00!
The seller is offering financing on this historic moneymaker! Las Casitas is situated just blocks from the State Capitol complex in Downtown Phoenix. Don't miss this opportunity to purchase a fully rehabbed complex of charming bungalows, most with their own covered carport. On-site leased laundry equipment brings additional income. This block constructed property is low maintenance and bullet-proof with concrete floors, desert landscaping, new HVAC, roofs, electric, and plumbing. Enjoy super-low expenses going forward. You simply cannot find this kind of seller-financed deal in the current Phoenix market! --- The seller's default terms are 30% down, 3 year term, 6% interest, 25 year amortization ---
Amazing building in the heart of Phoenix and sellers are the original owners!!! All units are 2 bedroom one bath units. The pool is in the process of getting the redone and and two new drain pipes. The tenants that live at this property are all 55 plus and most have been here more then 25 plus years. The seller has everyone accept one tenant on a month to month lease at 575. One unit is onsite tenant and gets free rent for collecting rents and some maintenance. Owners self manage. There is only one year lease in place. This is perfect add on value play or even maybe a covert into a an assisted living facility. Addresses included in this sale 4002,4014,4020,4010 N 11th st over an acre total, 10,452 sq ft total building. All facts are approximate buyer verify MLS info
Excellent Location, in the South Arcadia area right off the Green Belt. A new owner can realize significant rent increases and appreciation by upgrading the complex. The property has excellent occupancy stability, and has great tenant base. There are not many properties in the Phoenix market that have this great of a location and upside potential. There are many rehab and new projects in the surrounding area. This one will not be on the market long!
Beautiful property located in the South Arcadia Area. Don't miss this opportunity to purchase a rehabbed property consisting of spacious two and one bedroom/one bath units. The rehab consists of new A/C units, new landscaping, ceramic tile flooring, new appliances, painted exterior/interior, upgraded bathroom, etc. In addition, this building generates a good rate of return. It is located in a very nice residential area with lush green landscaping throughout the neighborhood. You simply cannot find this kind of commercial, multi-family deal in the current Phoenix market. The 10th unit is an upgraded utility room that is being used as a unpremitted rental unit that includes utilities.
Recently renovated, fully occupied 14 one bedroom one bath units with tile floors and bathrooms, newer AC units, appliances, hw heaters, and paint. Gated entry, security doors, cameras, free laundry facilities and community garden. CAP Rate at 10.26%.
Age: 31-40 Years Old
Amenities: Patio, Security System, Security System
4 Brand new construction urban infill townhomes in the heart of Phoenix. All 4 units are fully leased on 1 year leases and cash flowing. Tenants pay all utilities. 3 bedrooms and 2 bathrooms, with a two car garage. Quartz counter-tops on top of beautiful cabinets. All brand new stainless steel appliances. Each unit is provided with its own electrical and water meter, to make it easily convertible to condominiums. Has common barbecue and picnic area with artificial grass for low maintenance expense. Selling at a 6.2 CAP or ~$177 livable sf.
12 unit Apartment Building, 2 story, all units are spacious 2 bed/2bath with w/d hookups. Building includes New Roof with a 5 year warranty, new exterior paint, many units have been remodeled with new flooring,appliances, paint. Fully rented. Rents range from $560-695.00. Market rent is $695.00 so lots of upside on this great investment. This building has an assumable loan at 255K, at 6.5% with a payment of $1650.00/mo.for ease of transfer.