Location, location, location!
This adorable four-plex is located in booming downtown Phoenix, less than 1 mile away from ASU modern campus (Arizona State University) and less than half a mile away from the "up and becoming" Roosevelt Row, Phoenix new Artist's District.
Off market- preview for my investors only! Fully remodeled in 2012!
Loan OR cash for higher returns!
All 4 units rented to solid long term tenants!
Two 2 bedroom units, two 1 bedroom units.
Huge lot- 9400sqft (so much room for expansion)!
" Asking" (hint, hint) price: $325,000 (appraised)
Annual gross rental income: $31,500
Estimated annual expenses: $ 7126 (prop. tax, insurance, utilities, maintenance and prop. management )
Estimated annual NET income: $28,140
Estimated ROI: 7.49% ! (cash*)
It's not only the high ROI that makes this an excellent investment but wait till the builders come knocking on your door with their offers....
See some information below on the developing downtown Phoenix area and its ongoing transformation and contact me! First come, first served!
naomiesal@gmail.com, 408-835-9315
http://downtownphoenixjournal.com/2015/04/14/building-a-vision-for-downtown-phoenix-living/
ASU downtown Campus- 11,500 students:
https://www.asu.edu/tour/downtown/
https://vimeo.com/128213931
- Artists District in Downtown- http://www.rooseveltrow.org/
*Contact me for an excellent lender info in Phoenix if you would like to get a loan, so you can ask for an estimate of your future monthly payment on this property.
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Information deemed to be reliable but not guaranteed. Investors are advised to conduct their own due diligence before purchasing.
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Naomi Salpeter is a licensed Realtor in AZ with West USA Realty.
