3818 W Portland St., Phoenix, AZ 85009

3816 and 3818 W Portland street are being sold in conjunction ($700,000) for both. These provide great opportunity, whether you are looking for a turn key investment or a property with room for improvement. The complex is in a central location that provides easy access to the i-10, downtown phoenix, and the airport, making it very desirable for a wide range of tenants. On the property, you will find 4 1bed/1bath units, a 2bed/1bath unit, and a 3bed/2bath unit. Not only is this property fully occupied, the property has gone under major renovations tackling big ticket items totaling over $125,000. The gross income on 3818-3816 is $54,600, vacancy allowance of 5% ($2,730), insurance estimate is $2,174, property tax is $1,438, w/s/g is an estimated $3032. Netting $45,227 (6.4% cap)