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two-story fourplex in super growth area
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Property Description |
Clean two-story fourplex in an area experiencing urban gentrification. 2Bedroom, 2Bath units with washer/dryer hookup and room to raise rents. This area is seeing expansion in rental properties, creating an accelerated rent pro-forma for the 403/L35 grid. Opportunity to own 4 clean units on corner lot near bus route, HWY 51 and numerous large employers. Tenants rights - drive-by only. Submit all offers on this turn-key investment located in beautiful North Phoenix.
Recent improvements include AC unit and (3) units new carpet, paint. Have your turn-key investors drive-by and take a look, 1031 friendly @ less than $88K per door.
Tenant Occupied
Legal: GREENWAY TRAILS MCR 246-12 Year Blt: 1984
Covered Parking: 0 Uncovered Parking: 7
Four-Plex Includes-Land & Building(s)Frame/Wood ConstructionStucco FinishPartial Tile RoofCarpet FloorsNo Pool Electric HeatingCentral A/CCity Franchise WaterSewer-PublicAPSGas-NoneMore Than 1 Space/Unit Owner Pays-WaterOwner Pays-SewerOwner Pays-Trash Lessee Pays-ElectricLessee Pays-Cable TVFinancial-Provided by OwnerEconomic Redevelopment Zone
Gross Annl Sched Inc: 28,320
Monthly Rent Inc: 2,360
Special: Economic Redevelopment Zone Parking: More Than 1 Space/Unit
Financial Information
Taxes/Year/District: $2152 / 2006 /
OwnerAssociation: No / $0 / Annually
Electric Exp: $ 240 Gas Exp: $ 0 Insurance Exp: $ 637 Land Lease Exp: $ 0
Landscaping Exp: $ 200
Trash Exp: $ 1,173 Water/Sewer Exp: $ 2,865
Annual Operating Exp: $ 7,267
Gross Income: $ 28,320 Adjusted Gross Income: $
Rental Income: $ 2,360 Net Operating Income: $ 21,053.00
Unit Information
Total # Units: 4
# 2 BR Units: 4 Avg Rent: $ 590 Avg SF: 885 Baths: 2
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| Listing Status: |
For Sale |
| Property Type: |
Fourplex |
| Price($): |
349,900 |
| Street Address: |
2702 E Beck Lane |
| City: |
Phoenix |
| Region: |
Arizona |
| ZIP/Postal Code: |
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| Bedrooms: |
2x4 |
| Bathrooms: |
4 |
| Stories: |
2 |
| Square Feet: |
3,540 sqft |
| Lot Size: |
10,151 sqft |
| Year Built: |
1984 |
| Owner Finance: |
No |
| Cap Rate: |
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| Net Operating Income: |
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| Price Per Square Foot: |
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Additional Feature: |
Carport |
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