1635 E Oak St., Phoenix, AZ 85006

A repositioned triplex in a gentrifying neighborhood with value still to be added by easily increasing rents on two of the units. Prime location close to the 51 freeway, Downtown Phoenix and Phoenix Children’s Hospital. This triplex consists of two 2bd/1ba units each approx. 1,000 SF, plus one 1bd/1ba unit approx. 750 SF. Solid paying tenants in all three units. All units large, open and have big bedrooms/closets (not typical for this area). Additional storage units with washer and dryer hook-ups. Brand new roof in 2017. Updated plumbing and electrical in all three units. Unit 1 was updated in 2017, including re-pipe, new water heater, modern aesthetic remodel and washer/dryer added to it’s storage unit. Other two units (2 & 3) are clean with hard surfaces/ceramic tile flooring and could have rents increased substantially with some cosmetic updates proven by rent achieved in Unit 1. Unit 1 rent $1,200/mo Unit 2 rent $550/mo Unit 3 rent $700/mo. Total rents of $2,450/mo. HUGE lot with potential to add an additional unit. Also, owner of vacant lot to South of property has expressed interest in selling which provides potential to add multiple units!