$1,095,000 Price Analysis    ♡   Phoenix, AZ 85020 Unknown bed 0 bath unknown SqFt ($0/SqFt) Built 1957 Listed 2024-04-17, Taxes $864 | Ⓧ USDA Ineligible due to price & location near Phoenix |
BACK ON MARKET_BUYER DID NOT PERFORM ALL BINSER REPAIRS DONE-Investment Opportunity: Fully Occupied 6-Unit Apartment Building-WOW!
Use 2 residential loans to purchase. Welcome to your next lucrative investment venture! We're thrilled to present to you a prime real estate opportunity nestled in the heart of east Sunnyslope, boasting a fully occupied 6-unit apartment building that's generating exceptional returns. This C-class property stands out with its impressive features, promising steady income and substantial growth potential Investment Opportunity: Fully Occupied 6-Unit Apartment Building Welcome to your next lucrative investment venture! We're thrilled to present to you a prime real estate opportunity nestled in the heart of east Sunnyslope, boasting a fully occupied 6-unit apartment building that's generting exceptional returns. This C-class property stands out with its impressive features, promising steady income and substantial growth potential. Key Highlights: Stable Income: This property is fully occupied, ensuring a consistent cash flow from day one. With all units leased, you can count on reliable monthly income without the hassle of vacancies. High Yield: At an impressive 8.3% cap rate, this investment promises excellent returns compared to industry standards. Your money works hard for you, delivering attractive yields and long-term wealth accumulation. 3 Charming Amenities : Residents enjoy the convenience of storage rooms, providing additional space for their belongings.
Plus, some units offer the luxury of private backyar ds, perfect for relaxation and outdoor activities. Contemporary landscaping adds to the property's appeal, enhancing its curb appeal and attracting quality tenants. Income Stability: Investing in multi-unit properties offers diversification and resilience. Even during economic downturns, rental properties tend to remain stable, providing a hedge against market volatility. Investment Details: Location : Strategically situated in a desirable neighborhood, this property benefits from proximity to schools, parks, shopping centers and public transportation, ensuring high tenant demand. Tenant Profile: The current tenant base consists of reliable, long-term occupants, reflecting the property's appeal and management quality. Value-Add Potential : While already performing exceptionally well, there's still room for value enhancement. Consider implementing minor upgrades or rent optimizations to further boost profitability and property appreciation. Low Maintenance: With satisfied tenants and well-maintained units, you'll experience minimal operational headaches. Enjoy passive income with peace of mind, knowing that your investment is in good hands. Why Invest Now? The real estate market is heating up and opportunities like this don't come by often. Secure your financial future with a proven income-generating asset that offers stability, growth and remarkable returns. Whether you're a seasoned investor or a newcomer to real estate, this property aligns perfectly with your investment objectives. Don't miss out on this chance to own a fully occupied 6-unit apartment building with exceptional income potential and value-added opportunities. Act now to seize this golden investment opportunity and start reaping the rewards of passive income and long-term wealth accumulation. Disclaimer: All financial figures and investment returns are estimates and subject to market conditions. Buyers are advised to conduct their own Due Diligence
Presented by Linda Gerchick at
Gerchick Real Estate.
Property MLS #6693096 from ArizonaRegionalMLS
Heating Features: Individual, Heat Pump, Window/Wall Unit(s)
Heating: Yes
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: Maricopa
Directions: North on 11 St and property is on the right side of the street
Tax Year: 2023
Source Property Type: Multiple Dwellings
Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
Parcel Number: 159-35-111
Zoning: R-4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $14,200 + $3,550 $17,750 | $864 |
| 2020 | $12,370 + $3,090 $15,460 | $854 |
| 2019 | $10,690 + $2,670 $13,360 | $838 |
| 2018 | $8,970 + $2,240 $11,210 | $816 |
| 2017 | $7,070 + $1,760 $8,830 | $812 |
| 2016 | $6,480 + $1,620 $8,100 | $797 |
| 2015 | $5,420 + $1,350 $6,770 | $738 |
| 2014 | $4,550 + $1,130 $5,680 | $770 |
| 2012 | $3,130 + $780 $3,910 | $602 |
| 2011 | $3,380 + $840 $4,220 | $846 |
| 2009 | $12,790 + $3,190 $15,980 | $1,411 |
| 2008 | $12,870 + $3,210 $16,080 | $1,403 |
| 2007 | $10,920 + $2,730 $13,650 | $1,273 |
$1,095,000
ArizonaRegionalMLS
Sold 2023-06-30
$450,000
Public Record
Sold 2012-10-17
$65,000
Public Record
Sold 1988-12-27
$70,000
Public Record
Sold 1982-03-19
$65,000
Public Record
Building Exterior Type: Painted, Stucco, Adobe, Block, Frame - Wood
Construction Materials: Painted, Stucco, Adobe, Block, Frame - Wood
Property Age: 67
Roof: Composition, Foam
Water Source: City Franchise, Master Meter
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.