3231 W Madison St., Phoenix, AZ 85009

Professionally managed, renovated 4-plex that is 100% occupied at $4,000 per month gross or $48,000 per year at a 7.77% CAP. All units are 2 bedroom 1 bath with large courtyards. Individually metered for electric with tenants paying for electricity while the owner pays water, sewer, and trash. New roof, R-38 insulation, new dual pane windows, new exterior paint, and new AC has been installed. Each unit features stainless steel appliances, new interior doors, fresh interior paint, new shaker cabinets, and new Quartz counters.