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Arizona Income/Investment Properties for Sale!
NORTH PHOENIX 4-PLEX IN GREAT NEIGHBORHOOD - $315,000
***REDUCED*** LARGE 4-PLEX IN HIGH DEMAND NEIGHBORHOOD WITH COMMUNITY POOL. Neighborhood is all grass with mature trees which is maintained by the HOA (along with the pool). One unit is a 3 bedroom, 2 bath with 1,100 sqft, the other 3 units are 2 bedroom, 1 baths, with between 950 - 1,000 sqft.
Conveniently located near I-17, Metro Center Mall, Jobs, Shopping, and Restaurants. Large units like these with Garages are very hard to find. Extra income from laundry room. Building was built in 1974 and is Wood Construction with a Comp-Shingle Roof.
MLS & PICTURES for this LARGE N. PHOENIX 4-PLEX >
Annual Financials (Proforma):
Gross Income: $32,400
Vacancy: 5%
Expenses(taxes, water/sewer/trash, insurance, and maintance): $10,000
NOI (Pro-Forma Net Operating Income): $20,780
CAP Rate: 6.4%
CALL TED FOR MORE INFO.
4-PLEX IN GREAT CHANDLER NEIGHBORHOOD - $365,000
MOTIVATED SELLER! Great looking, southwestern style 4-Plex built in 1982. One story, low maintenance building, all 2 bed/1.25 bath with private patios and storage room with washer/dryer hook-ups. 100% occupied with long-term tenants.
All Residential Neighborhood except 19 identical 4-plexes on same street make this the BEST NEIGHBORHOOD IN ALL OF PHOENIX for a 4-plex. NO HOA. Homes for Sale across the street range from $275k to $550k. Great Park with Community Swimming Pool and Water Slide within walking distance. Close to 202 with easy access to downtown Phoenix, shopping, schools and entertainment. Rents in area up to $700 a month.
MLS & PICTURES for this CHANDLER 4-PLEX >
Annual Financials (Proforma):
Gross Income: $31,200
Vacancy: 3%
Expenses(taxes, water/sewer/trash, insurance, and maintance): $6,500
NOI (Net Operating Income): $23,764
CAP Rate: 6.3%
CALL TED FOR MORE INFO.
LARGE, 80'S BUILT 4-PLEX IN GREAT NORTH MESA LOCATION - $275,000
THESE UNITS WERE SELLING FOR OVER $500,000 IN 2005/2006. NOW BUY ONE AT HALF PRICE. Townhouse Style 4-plex with Private Yards. TENANTS PAY ALL THE UTILITIES.
One large 3 Bedroom, 2 Bath unit with garage and three 2 Bedroom, 1.5 Bath units with Garages. Community pool. Property is in Great Condition with New A/C units, Water Heaters, Ceramic Tile, Carpet and Paint.
Annual Financials (Proforma):
Gross Income: $32,400
Vacancy: 5%
Expenses(taxes, water/sewer/trash, insurance, and maintance): $10,000
NOI (Pro-Forma Net Operating Income): $20,780
***CAP Rate: 7.6%***
MLS & PICTURES for this LARGE N. MESA 4-PLEX >
SOLD and Closed Escrow for $255,000 on 05/06/2008.
2 LARGE, NEWER, N. PHOENIX 4-PLEXES W/ GARAGES - $439,900
PRICE REDUCED, BRING ALL OFFERS! GREAT LOCATION IN HIGH DEMAND AREA OF NORTH PHOENIX. Close to 101 & I-17. 4-Plex has 2 Large, 2 Bed, 2 Bath, 880 sqft units and 2 Larger, 3 Bed, 2 Bath, 1,150 sqft units with Attached GARAGES. Community Pool next door. Extra income from Washer/Dryer room. HURRY, this property is priced $30,000 less than identical units just 6 months ago.
MLS & PICTURES for this N. PHOENIX 4-PLEX >
SOLD and Closed Escrow on 01/10/2007 for $420,000
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