2820 E Kathleen Rd., Phoenix, AZ 85032

Not a short sale or bank owned! Great location on this 4-plex across from Palomino School, park and close to freeways. Close to community pool, large green area, 1 covered parking space per unit. All 2 Bed, 2 bath units recently renovated and rented at $550. HOA monthly dues are $512/month which includes pool, common area & parking lot maintenance, porter, water & trash. HOA does not include management fees or building maintenance. Tenants pay electric. Gross monthly income is $2200. Monthly expenses are $512 for hoa, $100 for insurance and $100 for tax, Net monthly income is $1488 Cap rate or annual cashflow ROI is 10.22%. With GREA cashflow and huge appreciation potential, jump on this one.