5318 W Turney Ave., Phoenix, AZ 85031

5318 W Turney Ave., Phoenix, AZ 85031
Photo 1 of 1
$220,000
Sold on 10/22/15
Beds Baths Sq. Ft. Taxes Built
0.00 0 $1,517 1973
On the market: 254 days
View full details, 15 photos, school info, and price history
Diverse unit mix- ONE large 3 bed/2 bath and THREE 2 bed/2 bath units. Each has separate garage with washer/dryer hookups. New roof in 2010 and 18 inch tile flooring in all four units. Walking distance to elementary and middle schools. Located close to Maryvale Hospital and Park. Within 3 miles to I-10 and US 60. This property projected total rents of $31,380 less 5% vacancy of $1,569 per year so $29,811 adjusted gross income. Then after projected expenses of $16,530, the amount a projected investor income is $14,438 per year based on pro forma. This is a 6.3 Cap Rate. NOT A SHORT SALE AND NOT A REO. Quick response from Seller. See ARMLS Documents link for additional information on Cash Flow and Financials.
Listing courtesy of Linda Gerchick