The Orinoco Apartments are located in a high rental demand area in east Phoenix. Built in1973 of block construction, the property is individually metered for gas and electric. Its well maintained and has a history of high occupancy. Most of the units surround an attractive courtyard with pool and covered gazebo. The covered parking, being located in the rear of the property, is already very secure and the entire property is gated.Over the recent past, this neighborhood has experienced significant upscale investments, both in new townhome construction and high-quality apartment to condo conversions. This Biltmore / Arcadia area is convenient to a multitude of office, retail, service and other businessemployment opportunities plus numerous trendy coffee shops and restaurants.
INVESTORS TAKE A LOOK! BULK 34 Total Units. 7 - Rare 3 Bed, 23 - 2 Bed, and 4 - 1 Bed Units. Onsite Leasing Office. Currently in Property Management Pool. 100% Occupied! 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.
Awesome income opportunity! Fully rehabbed units that were well cared for and maintained. All units have A/C's. Single story bldg. is currently master metered. New Buyer is out of state and has found it just too difficult to manage from a distance. His loss is your clients gain. There are 2 coin-operated washers and dryers for added income!! This is a 10!! All facts and figures approximate. Buyer to verify to their satisfaction.
FEATURES:
Age: 31-40 Years Old
Amenities: Patio, Security System, Security System
A Diamond in the Rough!!This complex has been very well maintained by Owner/Builder. Lush landscaping and lighting T/O.Drive by at Sunset! New stairways & landings. All units have 2x6 contr. & fully insulated. Owners have taken great pride and care. Vacancies are far and few. Full laundry rm, and storage rms. are available.
FEATURES:
Age: 21-30 Years Old
Amenities: Patio, Security System, Security System
ATTENTION: DEVELOPERS, BUILDERS, CONTRACTORS: Property consists of 3 parcels 126-14-015, 016E and 016F. Totaling 1.25 Acres +/-. The mix of 3 Duplexes, 1 small home, an additional single family home with 2 studios. Buyer should verify but zoned for a number of additional units. Buildable vacant land, much of the value may be in the zoning and vacant land.
***MUST BE PURCHASED WITH THE PROPERTY LOCATED AT 2125 N 26TH PLACE*** Low Vacancy - Stable Property - Opportunity to purchase two 19 unit buildings with all 2 bedroom, 1 baths locatedin a great rental location. Incredibly, these buildings generate a 9% cap rate and13.4% cash on cash return for the first year estimate. You cannot find this kind ofcommercial multi family deal in the current Phoenix market.
***MUST BE PURCHASED WITH THE PROPERTY LOCATED AT 1911 N 26TH PLACE*** Low Vacancy - Stable Property - Opportunity to purchase two 19 unit buildings with all 2 bedroom, 1 baths locatedin a great rental location. Incredibly, these buildings generate a 9% cap rate and13.4% cash on cash return for the first year estimate. You cannot find this kind ofcommercial multi family deal in the current Phoenix market.
Property consists of 4 - two bedroom single family homes, with private fenced backyards, and 3 - two bedroom duplexes, for a total of ten units.Easy to rent, in demand single family homes, with below market rents. Huge 1.4 ACRE corner lot with major frontage on busy Greenway Parkway, with an excellent possibility for rezoning to a commercial use. National retailer Walgreens across the street.
This is a build to Suit opportunity. Plans are complete and ready for construction upon permitting from city. Building to be 12 - 2BR 1BA approximately 600SF each, of which 11 can be leased and 1 used as an office space (pursuant to parking and city regulation).
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