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3429 E Earll Dr - MF-5 Plex - Seller Finance Option

3,800 SF Flex Condo Unit Offered at $1,550,000 in Phoenix, AZ 85018

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Property Facts

Price	$1,550,000	Building Class	C
Unit Size	3,800 SF	Floors	1
No. Units	1	Typical Floor Size	3,880 SF
Total Building Size	3,880 SF	Year Built	1973
Property Type	Multifamily (Condo)	Lot Size	0.19 AC
Property Subtype	Apartment	Parking Ratio	1.29/1,000 SF
Sale Type	Investment

Price	$1,550,000
Unit Size	3,800 SF
No. Units	1
Total Building Size	3,880 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment
Building Class	C
Floors	1
Typical Floor Size	3,880 SF
Year Built	1973
Lot Size	0.19 AC
Parking Ratio	1.29/1,000 SF

1 Unit Available

Unit 1-5

Unit Size	3,800 SF	Sale Type	Investment
Price	$1,550,000	Cap Rate	6.58%
Price Per SF	$407.89	NOI	$102,000
Condo Use	Flex	No. Parking Spaces	5

Unit Size	3,800 SF
Price	$1,550,000
Price Per SF	$407.89
Condo Use	Flex
Sale Type	Investment
Cap Rate	6.58%
NOI	$102,000
No. Parking Spaces	5

Description

This is a 5 plex multi-family with 2 units have (2) bedrooms and 1 bath and 2 units have (1) bedroom and 1 bath. There is also a studio in the back that has a queen bed and full bathroom.

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.