☀️☀️ Phoenix 4️⃣ Unit - CASH FLOW 💸💸 OFF-MARKET DEAL ‼️‼️

Maricopa County, Phoenix, AZ, 85006 View full address
$720,000
1634 sq ft
For Sale

Facts and Features

Type
Multi family
Parking
Driveway
Year build
1936
Lot size
6917.00 sqft
Bedrooms
6
Sq. Footage
1634
Bathrooms
4

Summary

RARE MULTI-FAMILY OPPORTUNITY


Unit 1:

  • Largest Unit in the property
  • 3 Bedrooms
  • 1 Bathroom
  • 1,353 sq ft
  • Den that could be used for additional bedroom
  • Current Rent is $2000/month
  • Lease expires June 2023

Unit 2:

  • Studio
  • 396 sq ft
  • Plus - enclosed back porch!
  • Current rent is $800/month
  • Lease expires April 2023
  • Window Unit AC

Unit 3:

  • 1 Bedroom
  • 1 Bathroom
  • Current Rent is 1,400/month
  • Lease expires April 2023
  • This tenant manages the adjacent unit for $50/mo

Unit 4:

  • Studio
  • 250 sq ft
  • Currently rent is $700/month
  • Lease is now month to month
  • Window Unit AC


IMPORTANT INFORMATION:

  • Zestimate®: $919,100
  • Last 30-day change + $11,440 (+1.3 %) WOW
  • Units 3 & 4 are metered together. Owner pays utilities
  • All units have ceramic floor tile
  • Driveway fits 4 vehicles
  • If you open the up rv gate fits 6 cars (2 rows of 3)
  • Average owner expenses come out to $200/month
  • Metering the last unit separately costs about $3,000 (Currently 3 meters and last unit is shared)
  • Current Income - $4,900/month
  • Close to I-10
  • Fenced corner lot
  • Historic Garfield District
  • Hold as a rental property,use as a VRBO/Air BNB or fix and flip.
  • Total Lot Size 6,916
  • Year Built: 1936
  • Property Tax: $1,822

EXIT STRATEGY:

  • AirBnB - 4 Units would bring you 10k a month easily
  • Rental - Keep as it is. Collect the cash flow and build long term wealth as it appreciates in value
  • Fix & Flip - Collect rent till the leases are up and then flip this one for a nice big fat check!

👉📞 GIVE RACHEL A CALL OR SHOOT HER A 📲 TEXT FOR MORE INFO ON THIS KILLER DEAL! (423) 358-2588

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All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract with the seller of the property. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $595 closing fee to ezREIclosings for transaction coordination.

Estimated Spread

$920,000
ARV
-$720,000
Price
$200,000
Spread

Street View

Location and Comparables

Bedrooms
Bathrooms
Sq. footage
Last Sale Date
Last Sale Price
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