Photo 1 of 31
$282,500
Sold on 5/30/19
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,529 |
2007 |
On the market:
58 days
|
View full details, 15 photos, school info, and price history
NEWER BUILT DUPLEX WITH TWO - 4 BEDROOM, 2 BATH UNITS EACH OVER 1300 SQ FT. LOW MAINTAINANCE WITH ALL TILE FLOORS. MASTER SPLIT PLANS, LARGE EAT-IN KITCHENS. SPACIOUS LIVING ROOM. PAVED PARKING LOT BEHIND THE BUILDING. COIN-OP LAUNDRY AND STORAGE BETWEEN THE TWO UNITS. UNIT 1 JUST RENTED OUT FOR $1065 A MONTH. UNIT 2 IS MONTH TO MONTH AT $855 A MONTH. CURRENT RENT AND EXPENSES PUT THIS AT A 5.07 CAP RATE WITH MANAGEMENT IN PLACE. RAISE THE RENT ON UNIT 2 TO $1065 AND YOU ARE AT A 5.9 CAP RATE. SELF MANAGE AND THEN YOU ARE AT A 5.63 ON CURRENT RENTS OR A 6.46 ON RAISED RENTS. THIS IS A GREAT, WELL MAINTAINED PROPERTY THAT IS A WONDERFUL ADDITION TO YOUR PORTFOLIO OR AS YOUR FIRST VENTURE INTO MULTI-UNIT INVESTING. OWNER IS A LICENSED AGENT IN THE STATE OF AZ. LISTING AGENT IS NOT THE OWNER.
Listing courtesy of Howard Rudin, West USA Realty