This property is ready for an assisted care facility. 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
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.
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.
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 $1500.00/mo.for ease of transfer.
This community was constructed in 1926, rehabbed, and stabilized as recently as 2014. The unit mix consists of 3 two bedroom units, 8 one bedroom units, 1 studio unit. Construction is of red brick, painted wood/brick exterior, and tab shingle roofs. Desert landscaping throughout and mature palm trees. The property is individually metered for electricity and owner pays water, sewer, & trash. The 12 units sit on nearly a half acre of land. Trending area with many recent improvements to existing homes along Washington St in the immediate area. Close access to public transportation, including the Metro Light Rail. Two miles from the site is the Downtown Phoenix core with nearly 70,000 jobs. EXCELLENT OPPORTUNITY FOR HANDS ON INVESTOR TO SIGNICANTLY BOOST INCOME BY SELF MANAGING ASSET!
Gated, single story, slump block, Central Phoenix Apartment building. All tile floors in these spacious units. Great unit mix of 8 two bed/one bath units and 2 one bed/one bath units. 100% occupied. Onsite Laundry for extra income. 6 newer A/C units. Individually metered for electric. 14 covered parking spots. Property sits on almost 2/3 of an acre.Great location. Minutes to Downtown Phoenix and it venues to include US Airways Center, Arizona State University, Chase Field, The University of Arizona College of Medicine - Phoenix, and much more. Located within a mile from three major highways, SR51, Loop 202, and I10. Walking distance to bus stop. Do not disturb tenants. Drive by only
80% units have been remodeled Great location, needs some clean up and repairs GREAT Investment property and cash flow, individually parceled and metered, can be sold as condo's. average rents in the area $700.00
The Coolidge Apartments are comprised of 2 parcels & 6 buildings, housing (11) 2 BEDROOM units & one studio unit** All individually metered for electricity & ALL with A/C's (most units have newer HVAC's)* The five duplex buildings are ALL 2 bedroom units with updated electrical, individual yards, ATTACHED storage,*TENANT FAVORED PRIVATE driveways & CARPORTS allowing tenants to park RIGHT NEXT TO THEIR UNITS & unload groceries directly into the kitchen! These amenities help keep TURNOVER to a minimum! The current rents are under market as the above features are being overlooked by the management HOWEVER occupancy has always been excellent! Tenants are responsible for their own electric/gas expenses Owner pays water/trash. Buyer to verify ALL items of concern prior to end of due diligence
Age: Over 50 Years Old
Appliances: Oven, Refrigerator
Architecture Style: Other
Cooling System: Heat Pumps
Exterior Type: Stucco
Floor Covering: Carpet, Tile - Ceramic, Vinyl
Heating Fuel: Electric
Heating System: Heat Pump
Parking Type: Assigned, Carport, Paved or Surfaced
Assisted living property. Formerly used as a Boarding House for low income older men. The financials showing are from 2013. The property is currently vacant. Some things that it would be suitable for are a Women's shelter for abused women, a teen shelter, and Adult day care for those that work downtown, weekly rental for strictly men or women unable to afford living on their own, a halfway house for recovering addicts, or a boarding home.