This is a 1958 block constructed triplex on an irrigated corner lot in a highly sought after North Central Phoenix location - Madison School District. Listed at $245,000
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!
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.
Total SF: 2,428