Photo 1 of 1
$399,999
Sold on 1/29/14
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,000 |
1940 |
On the market:
51 days
|
View full details, 15 photos, school info, and price history
Great opportunity for investors in the heart of Tempe's Rredevelopment District near ASU and new apartment construction. 8 units for $399 w/property taxes of $1000.00 per year? This is the deal your investor is seeking. Elderly gentlemen has owned and managed since 1983 and he's retiring. Rents = stable and ready to be increased to make this an even better OPP. All cash on this buy gives investor a better than 10% return (includes depreciation). All units are rented and there is no maintenance needed. Just start collecting checks or live in the 3 bed house up front for free and cash flow the property. RARE opp for immediate cash flow rather than multi-family project that pays down the way. Land alone worth what Seller is asking. SMART investor understands this OPP right away!
Listing courtesy of HomeSmart