2844 E Le Marche Ave. #17, Phoenix, AZ 85032

2175% occupied four plex with 8.21% 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 @ $725-exp 1/31/14, #102 vacant and rent ready, #103 rented @ $575-exp 9/30/14, #201 vacant and rent ready. Seller put $20K+ in rehabbing units & maintenance in last 12 mths. One new HVAC in 2012, 2 other 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.