2807 E Paradise Ln., Phoenix, AZ 85032

75% occupied four plex with 8.60% 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 rent ready, #102 rented @ $525-exp 9/30/12, #103 rented @ $725-exp 7/1/14, #203 rented @ $525-exp 11/30/12. Seller put $20K in rehabbing units & maintenance in last 12 mths plus $20K from insurance due to water leak in #101. 2 newer HVACs, 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