Don't miss this opportunity to purchase a rehabbed property consisting of 100% spacious 2 bedroom, 1 bath units. Not only is the building in a great rental area, it is located on the new light rail extension on 19th Ave, South on Northern. The rehab consists of newer A/C units, new landscaping, ceramic tile flooring, upgraded electrical, new appliances, painted exterior/interior, upgraded bathroom, etc. You simply cannot find this kind of commercial, multi-family deal in the current Phoenix market.
Recently renovated apartment building with newer roofs, AC units, water heaters, appliances, modern fixtures, landscaping, etc. Turn-key! Fabulous location - bike to light rail, grocery, restaurants, etc. $16k/unit in renovations. 95% occupied with room to increase rents.view www.bonfire.lifeatmidtown.com for more info
Cash Flowing - Fully Repositioned 36-unit Apartment Community located in North Phoenix off of Cave Creek Road - West of the SR-51 Freeway and near Lookout Mountain. Property has had Many Improvements and Each Unit has been Renovated - Property was Rehabbed in 2012. Actual gross rents of $228,900 based on Current Rent Roll with Added Income of $4620 equals $233,520.00 Adjusted Gross Income. After expenses of $110,968.00 the Actual Net Operating Income is $122,552.00, which minus the vacancy allowance is a 7.47% CAP RATE! Great Unit Mix!!
INVESTORS TAKE A LOOK! BULK 34 Total Units. 7 - Rare 3 Bed, 22 - 2 Bed, and 5 - 1 Bed Units. Onsite Leasing Office. Currently in Property Management Pool. AVG 98% Occupancy! GREAT LOCATION. JUST LOOK AT THE COMPS in the Area for Single Units and you will see the huge Value. Seller may entertain breaking up this package into smaller numbers. Full Financial Info Available. GREAT CAP RATE - Contact for Details.
What an opportunity to purchase a single level 18 unit apartment complex thathas a great rental history. This property sits on almost a full acre of land and is all2 bedroom, 1 bath units that are very spacious at over 900 sq ft each. There areindividual storage units for each tenant and plenty of parking. This building hassignificant upside potential with a little TLC.
Awesome area! Nice buildings! The Clarendon Arms is a 12 unit/all 2 bedroom unit, building with a swimming pool and laundry. The Clarendon Cottages is 2 triplexes, directly East sharing a courtyard/ also all two bedroom. Buyer to verify all items prior to close of escrow.
Here is a one of a kind Al Beadle designed property that is truly a diamond in the rough. This 1967 Beadle project is named the Meier Triplex, which consists of a standalone 3 bedroom home and a triplex (2 duplexes & a studio). The two living spaces are conjoined by typical Al Beadle-esque architecture and property has its own swimming pool. Each unit is individually SRP metered with its own laundry and it's rare to have a vacancy. This property is ready to have its charm brought back to life and be restored to its full potential. Here is a great investment opportunity for this solid complex. Buyer to verify all facts & figures in the MLS.
Age: 41-50 Years Old
Appliances: Dishwasher, Oven, Refrigerator
Architecture Style: Other
Cooling System: Heat Pumps
Exterior Type: Stucco
Floor Covering: Carpet, Tile - Ceramic
Heating Fuel: Electric, Natural Gas
Heating System: Heat Pump
Parking Type: Assigned, Carport, Paved or Surfaced
10 Rental Units on 3 Parcels- Great investor opportunity. Single family on corner lot (3 bedroom 1 bath) + a solid block 7 unit + Duplex and Land for at least 2 Additional Units. Renovated units with ceramic tile in all units. On-site laundry for additional tenant convenience and income. Low maintenance and low taxes for enhanced NOI. Duplex and vacant land to the south represent additional investment potential. Do not disturb tenants. Drive-by only. Access scheduled with accepted contract.