Friends,
This is a great investment deal- NOW getting even better!
Location: Downtown Phoenix*
- less than 1 mile from the University campus (ASU Medical School) *
- less than 1 mile form the new Artist Quarter *
- homes and buildings all around are being upgraded or torn down by developers with new buildings being built.*
- close to downtown Phoenix commercial district (multiple corporate headquarters)*
What this could mean for YOU:
- young professionals as renters,
- long term students or campus employees as renters,
- future appreciation as the whole area is upgraded
- future options for selling to a developer in a few years time!
About the four-plex:
2- 2bedroom/1bath units- rented for $725 and $775 monthly
2- 1 bedroom/1 bath unit- rented for $525 and $575 monthly.
Lot- 9400sqft!
Upgrades:
New plumbing, new electricity, new lighting, new roof, new
four modern bathrooms and kitchens, new walls, paint, doors, all new tile and laminate flooring, new painted exterior and desert landscaping of the whole lot, appliances and A/Cs for all
four units.
902 N. 8th St., Phoenix, AZ (off market)
Reduced FINAL sales price: $299,900!
((professionally appraised at $325,000)
Current gross annual income: $31,500
Estimated annual expenses: $7126
Estimated annual NET income: $24,374
Estimated ROI for cash purchase: 8.12%!
Cash investors will be preferred! Invite a good friend to partner with you!
This is a "one in a blue moon" investment deal!
Loan investors will be accepted too, contact me for our recommended loan broker information.
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* Area information:
Downtown Phoenix is BOOMING!:
http://dtphx.org/business/development-business-research/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/about/roosevelt-row-arts-district/
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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.
