LOCATION, LOCATION, LOCATION! This is a 1958 block constructed triplex on an irrigated corner lot in a highly sought after North Central Phoenix location - Madison School District. Easy access to SR-51 from either Lincoln or Bethany Home on-ramps. Newer roof/ACs. Owned coin laundry for tenant convenience & tenant storage too!This is NOT A SHORT SALE AND NOT A REO. Quick answers from a seller who is a licensed AZ Real Estate Agent. For the Investor: This property is projected to bring in total rents of $24,000 less 5% vacancy of -$1,200 per year. Added Income from Laundry of $840 equals $23,640 gross income. Then after projected expenses of $7,620 the amount an investor would pocket is $16,020 per year based on pro forma and a 6.41% CAP Rate.
Bruce Kipling of Coldwell Banker Premier Realty is licensed in the Province of British Columbia. This featured listing is courtesy of Gerchick Real Estate of Phoenix Arizona, and is authorized through a reciprocal referral partnership agreement with a licensed realtor in the State of Arizona.
Please note that unless otherwise indicated, all prices are shown in US dollars!
Listing information last updated on May 22, 2013 at 03:47 PM (UTC)
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