1350 E Northern Ave. #130, Phoenix, AZ 85020

Investor's delight! Can buy 1-11 units. Nice package of 11 condos available for $26-30,000 each, can be purchased individually. All 11 units are tenant-occupied and 4 out of 11 are TWO-BEDROOM UNITS! They have a cap rate of 8.5%, generating a net operating income of $25,436. Rents average $614/month/unit. HOA dues average $255/month/unit, because utilities are included in the rent for the tenants, but there is plenty of cash flow in these condos, with a 8.5% cash flow return. Onsite management available or you can choose your own property manager that is offsite. This is a beautiful well-run, well-maintained complex.