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2201 E Cactus Rd - MF-5 Plex - Seller Finance Option
2,967 SF Flex Condo Unit Offered at $1,550,000 in Phoenix, AZ 85022
Property Facts Under Contract
| Price | $1,550,000 | Sale Type | Investment |
| Unit Size | 2,967 SF | Building Class | C |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 2,967 SF | Typical Floor Size | 1,484 SF |
| Property Type | Multifamily (Condo) | Year Built | 1971 |
| Property Subtype | Apartment | Lot Size | 0.19 AC |
| Price | $1,550,000 |
| Unit Size | 2,967 SF |
| No. Units | 1 |
| Total Building Size | 2,967 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,484 SF |
| Year Built | 1971 |
| Lot Size | 0.19 AC |
1 Unit Available
Unit 1-5
| Unit Size | 2,967 SF | Sale Status | Under Contract |
| Price | $1,550,000 | Cap Rate | 6.58% |
| Price Per SF | $522.41 | NOI | $102,000 |
| Condo Use | Flex | No. Parking Spaces | 8 |
| Sale Type | Investment |
| Unit Size | 2,967 SF |
| Price | $1,550,000 |
| Price Per SF | $522.41 |
| Condo Use | Flex |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 6.58% |
| NOI | $102,000 |
| No. Parking Spaces | 8 |
Description
This multi-family 5-plex has 4 (2) bedroom apartments and 1 small studio in the back. Plenty of parking both in the front and in the back. These units have been renovated in 2019 and 2021.
Sale Notes
Open for seller financing options that allow the ability to bridge later to a cash out refinance DSCR loan. 10% down 5% interest only, 15% down 4% interest only, 20% down 3.5% interest only. NOI is $102K/YR. This is a lease with corporate tenant doing Airbnb arbitrage. They cover all expenses.. Corporate tenant is open to adjust the lease if new owner would like to do it themselves after the deal is closed. This investment is turn key revenue with tenant which manages and pays for everything. No vacancy, pays every month on time, no property mgmt required, no maintenance, no dealing with utilities, no head aches just easy cash flowing investment.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
Amenities
Unit Amenities
- Air Conditioning
zoning
| Zoning Code | M-M (Multi-family) |
| M-M (Multi-family) |
Presented by
Value Creation, LLC
2201 E Cactus Rd - MF-5 Plex - Seller Finance Option
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