This is a fantastic opportunity to get your hands on 3 wholesale condos with a total Purchase Price of $151,500.
These three condos are all move in ready with maybe some light touch up work. There's an opportunity based on current rents in these neighborhoods to gross about $1000 more in rent per month than if you bought a single family home for the same price.
I guarantee this deal will go fast.
Total Purchase: $151,500
Proforma CAP: 8.6%
Total SF: 3864
Monthly rent: $2350
8049 N 31st Dr.
PP: $72,500 – $1000 Rent/mo – $128 HOA
3 Bed/ 3 Bath - 1686 SF - Built: 1975
4331 N 21st Dr.
PP: $37,500- $650 Rent/mo - $135 HOA
2 Bed/ 2 Bath - 928 SF - Built: 1984
12820 N 113th Ave #4
PP: $41,500- $800 Rent/mo - $145 HOA
2 Bed/ 2 Bath - 1250 SF - Built: 1975
|LISTING DISCLAIMER:||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.|