Courtesy of Gerchick Real Estate
Property Description
Fully Occupied: All 6 units leased, ensuring stable rental income. 8.3% Cap Rate: High-yield returns outperform industry standards. Prime Location: Close to schools, parks, shopping centers, and public transit. Tenant Amenities: Includes storage rooms and private backyards for select units. Long-Term Tenants: Stable tenant base with long-term leases. New Landscaping: Enhances curb appeal and attracts quality tenants. Value-Add Potential: Opportunity for upgrades or rent optimization. Low Maintenance: Well-maintained units ensure minimal operational issues. Income Stability: Multi-unit properties offer steady cash flow. Growth Potential: Secure this asset in a rising market.
Open House
Property Details and Features
-
Appliances & Equipment
- “F/S Oven/Range”
-
Building
- Built in 1949
- Construction materials: “Painted”, “Stucco”, “Block”
- 2 total units
-
Cooling
- “Individual”
- “Ceiling Fan(s)”
-
Floors
- “Ceramic Tile”
-
Heating
- “See Remarks”
- “Individual”
-
Listing
- Listing ID: 6755715
- Standard status: Active
- 120 days on market
-
Location
- Subdivision name: WALTMORE
-
Parking
- “Free”
- “>1 Space Per Unit”
- “Street Parking”
- 4 total parkings
-
Property
- Zoning: R-4
-
Roof
- “Composition”
-
Schools
- High school district: Glendale Union High School District
-
Sewer
- “Public Sewer”
-
Taxes
- Annual amount: $894
- Lot: 28
-
Tenant Pays
- “Cable TV”
-
Utilities
- “APS”
- “Individual Meter”
Property Map
Street View
Market Trends for 85020, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on September 20, 2024 12:09AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.