2807 E Le Marche Ave. #34, Phoenix, AZ 85032

75% occupied four plex with 8% CAP. Conveniently located across from Palomino School & park. Community pool, green area, patios or decks & 1 covered parking space per unit. Units are 1-2BR, 2Bth, 1-2BR, 1&1/2 Bth, 1-3BR, 3Bth & 1-1BR, 1Bth. Washer/dryer hook ups in each. #101 rented @$550-exp 12/31/13, #102 rented @ $450-exp 1/31/14, #103 rented @ $750-exp 10/25/13, #203 rent ready. Seller put $20K in rehabbing units & maintenance in last 12 mths. HOA dues $512 per month per building (not unit) includes pool, common area, & parking lot maint, porter, water, sewer & trash. HOA fee does not include management fees or building maint. Tenants pay electric. NOTE unit sizes approx. Total Bldg 3618SF.