Photo 1 of 4
$1,250,000
Sold on 1/31/20
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$5,571 |
1963 |
On the market:
128 days
|
View full details, 15 photos, school info, and price history
Turn-key affordability in Arcadia Lite! The Avatar offers a 8 unit building with pergola and courtyard entry. There is a total of 8 units at almost a 6% cap rate! (2) 3 bedroom units, (4) 2 bedroom units and (2) 1 bedroom units.
All units are 100% occupied and leased out at healthy rents with one-year leases. A new owner can simply step into a great location with stable cash flow and nothing to repair or renovate. This central Phoenix location is HOT, with renovation and redevelopment all around! People want to live near the shopping and entertainment Arcadia Lite affords. This unit is also permitted for assisted living if you choose to utilize in the future. The owner pays water/sewer/trash/landscaping; tenant pays electric and cable. There is covered parking in the rear of the building and plenty of street parking for any over night guests. Schedule a showing today! This investment opportunity simply won't last!
Listing courtesy of Jera Banks & Adam Bailey, HomeSmart & HomeSmart