Investment Summary
Three-5 plexes on 3 parcels. This offering of 14 (2 Bd/1 Bath) & 1 (1 Bd/1Bath) units is located in the city of El Mirage, 13913 N Palm St. The property is fully occupied with the exception of 1 unit which is currently being utilized as an office/storage for the property. The current owner plans to return it to a rented unit in December. All units fully renovated in past 3-5 years. Easy Desert Landscape makes upkeep a breeze! Plenty of parking for all units!! HUGE UPSIDE! 6.75 cap rate on market/proforma rents. 2 roofs recently replaced. Located in the West Valley between Surprise and Sun City, just off US 60 and the 101.
Offering
Price: $1,175,000
Cap Rate: 4.93%
No. Unit: 15
Building Size:
Year Built: 1973
APN: 501-27-075, 501-27-076, 501-27-077
Financial Summary
| Gross Rental Income | $99,480 |
| Effective Gross Income | $94,506 |
| Total Expenses | $36,533.26 |
| Net Operating Income | $57,972.74 |
Unit Mix
| Description | No. Units | Avg. Rent | SQ. FT. |
| 1 Bed 1 Bath | 1 | $500 | |
| 2 Bed 1 Bath | 14 | $599 |
13913 N Palm St El Mirage Arizona 85335
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