2245 N 28th St., Phoenix, AZ 85008

Great looking 8 unit building in Phoenix. Very clean property with a recent rehab that really makes this property stand out. The property sits on a corner lot and has great drive by visibility. This property is well taken care of with very quiet long term tenants some of which have been there for 11 years. The building runs as advertised and you will not find a better building for the price. This property projected total rents of $45,420 less 5% vacancy of -$2,271 per year so $43,149 adjusted gross income. Then after projected expenses of $20,094 the amount an investor is projected to income is $23,055 per year based on pro forma. This is a 7% CAP Rate.