Investment Summary
Diamond in The Rough with Super Private Setting. Easy Desert Landscaping. 100% Occupied. Lots of Upside on the Rents. All Tenants are Month to Month. Long Term Owner Operator. Great Location Near Phoenix Mountain Preserve. Tenants are Month to Month, One Tenant Has Been There 17 Plus Years. Must be in Contract to View Interiors. Seller has indicated interiors are in good condition and all mechanicals working and is selling in it’s present physical condition. Market Rent- 1Br Units May Rent for $750 and 2Br Unit May Rent for $875. Rents in Listing are Actual.
Offering
Price: $365,000
Cap Rate: 4.48%
No. Unit: 3
Building Size: 2,150 SQ FT
Year Built: 1981
APN: 159-11-023-B
Financial Summary
| Gross Rental Income | $22,800 |
| Effective Gross Income | $22,506 |
| Total Expenses | $6,142 |
| Net Operating Income | $16,364 |
Unit Mix
| Description | No. Units | Avg. Rent | SQ. FT. |
| 1 Bed 1 Bath | 2 | $600 | 600 |
| 2 Bed 1 Bath | 1 | $700 | 965 |
11026 N 16th Ave Phoenix Arizona 85029
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