1350 E Northern Ave. #326, Phoenix, AZ 85020

Investor's delight! Can buy 1-12 units. Nice package of 12 condos available for $26-28,000 each, can be purchased individually. All 12 units are tenant-occupied and 7 out of 12 are TWO-BEDROOM UNITS! They have a cap rate of 8.1%, generating a net operating income of $26,062. Rents average $607/month/unit. HOA dues average $258/month/unit, because utilities are included in the rent for the tenants, but there is plenty of cash flow in these condos, with a 8.1% 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. Must be a CASH purchase.