1636 W Garfield St., Phoenix, AZ 85007

This updated four-plex consists of four 2-bedroom / 1-bath rental units of approx 621 SF. Three (3) of them have been tastefully remodeled to include in-unit stackable washer-dryers, new cabinets and counters, new backsplashes, vanities, windows, lighting and appliances. And with the installation of new A/C units, upgraded electrical service panels, and a beautiful new parking lot- the heavy lifting has been done. Value-Add going forward could be finishing the last unit and to simply move the leases to market rents. One of the renovated units is currently rented at $995, and another leased at $1,025 PLUS both collect $40 in R.U.B.S. Proximity to downtown, midtown and the valley freeways provides tenants easy access to valley employment, shopping and more.