4 Single Family Rented Properties
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4 Single Family Rented Properties
3 Multifamily Properties Offered at $1,365,000 in Phoenix, AZ
Investment Highlights
- 4 Property Single Family Portfolio that can be purchased individually
- Tenants are paying $3,495, $2088, $2050 and the fourth will be paying $3,500
- Three Properties have been extensively remodeled
- Thunderbird-the remodel is completed-Now moving a tenant in for $3,500 per mo.88
- All Properties include Appliances including Washer and Dryers
Executive Summary
This portfolio of 44Single Family Homes are rented with above market rents:
1830 W Alta Vista is a 5 bedroom Three Bath Property with the following improvements:
Tenant in place at $3,495.00 per month
Re-Model Year 2024
New Roof: New Shingles / Roof Boards/
HVAC: 3 ½ Ton (Duct Cleaned ) 2024 by George Brazil
Certificate of Service 2024 (George Brazil)
Mini Split: 1 ton Brand New 2024 (Re-Camera 5)
ELECTRICAL: New Wiring throughout
Lighting/Ceiling lights; Ceiling Fans (new)
Plumbing:
New Plumbing (with PEX-A) throughout
FLOORING: Brand New (Bruce Hardwood flooring in Bedrooms)
Porcelain Tile in Bathrooms
Bathrooms:
New Vanity Sinks, New Shower heads, New Hollywood LED mirror
New Medicine Cabinets, New Bidet, Hand Held showers
Paints: New interior painting (all rooms ; living rooms)
New Exterior Paints + Stone Tiles in the front
PAVERS: Brand new Pavers both in Front and Back
Laundry Room: New General Electric Combo (Washer/Dryer) Home Depot
Water Heaters: Instant Water Heater (Natural Gas) / Tankless
Kitchen + Living Room:
New Kitchen Island + New Kitchen with New Appliance
Dishwasher/Garbage Disposal; Double Oven Range (not brand new)
New Kitchen Cabinets Drawers/ Drawer pulls
2431 E Tracy Ln, Unit 2,Phoenix,Az,85032**
Super Cute 2-Story Condo with Tenant Occupied - Ready for Immediate Investment!**
Explore the opportunity to invest in this tastefully updated 2-story condo in the desirable Spanish Hills community. This tenant-occupied property offers modern amenities and a prime location, making it a valuable addition to any investment portfolio.
**Features & Upgrades:**
- **Modern Upgrades (2019):** Enjoy a newer front door, new security door, stainless steel kitchen appliances, recessed lighting, cordless wood blinds, two-tone paint, modern cabinetry, and dual-flow toilets.
- **Spacious Living Area:** A generous great room featuring a breakfast bar and a 1/2 bath on the main floor.
- **Tiled Floors Throughout:** Easy maintenance and a clean, sleek look.
- **Ceiling Fans:** Keep cool and comfortable throughout the year.
- **Convenient Inside Laundry:** Equipped with a washer and dryer for your convenience.
- **Master Bedroom:** Includes a spacious walk-in closet.
- **Outdoor Living:** Large outside storage room and a back patio with easy-care wood plank flooring.
- **Utilities Included:** Water, sewer, and trash are all included in the rent.
**Prime Location:**
- **Nearby Schools:** Conveniently located near top-rated schools.
- **Dining & Shopping:** Just minutes from Valle Luna, Costco, and Desert Ridge.
- **Outdoor Recreation:** Close to the Lookout Mountain Trailhead at Phoenix Mountains Preserve.
- **Easy Commute:** Quick access to Loop 101 and Highway 51.
Lease Details: Monthly lease of $3,588. Tenant pays their own electric; landlord pays water/sewer/trash (~$85/month).
Welcome to Thunderbird, where luxury meets functionality! Elevate your living experience with our top-of-the-line appliance offerings, meticulously curated to enhance every corner of your dream home.
? **Heat Pumps (Refrigerated Air + Heater)** x2
Enjoy year-round comfort with efficient heating and cooling solutions. Our heat pumps ensure optimal climate control, keeping you cozy in winter and cool in summer.
? **¾ Ton Mini Split for Casitas (Bedroom #6)**
Tailored comfort for your personal retreat. This mini-split system provides targeted climate control, perfect for creating a peaceful sanctuary in Bedroom #6.
? **Instant Water Heater/Tankless Natural Gas**
Experience endless hot water on demand. Our tankless water heater combines efficiency with convenience, ensuring you never run out of hot water during those long showers.
? **Washer / Dryer**
Effortless laundry days await with our high-capacity washer and dryer duo. Designed to handle large loads efficiently, they're your partners in keeping clothes fresh and clean.
? **Two Refrigerators (French Doors x2)**
Double the storage, double the convenience! Our French door refrigerators offer ample space and advanced cooling technology to preserve your groceries at their best.
? **Garbage Disposal + Dishwasher + Over the Range Microwave + Stove (Electric)**
Create culinary masterpieces in your gourmet kitchen. Our suite of appliances includes a powerful garbage disposal, a sleek dishwasher for effortless cleanup, an over-the-range microwave for quick meals, and an electric stove for precision cooking.
? **Huge Backyard, Spacious Living Room, and Eat-In Kitchen**
Entertain with ease in your expansive living room and enjoy family meals in the inviting eat-in kitchen. The heart of your home awaits unforgettable gatherings and cherished memories.
**Buyer to Verify All Facts and Figures.**
1830 W Alta Vista is a 5 bedroom Three Bath Property with the following improvements:
Tenant in place at $3,495.00 per month
Re-Model Year 2024
New Roof: New Shingles / Roof Boards/
HVAC: 3 ½ Ton (Duct Cleaned ) 2024 by George Brazil
Certificate of Service 2024 (George Brazil)
Mini Split: 1 ton Brand New 2024 (Re-Camera 5)
ELECTRICAL: New Wiring throughout
Lighting/Ceiling lights; Ceiling Fans (new)
Plumbing:
New Plumbing (with PEX-A) throughout
FLOORING: Brand New (Bruce Hardwood flooring in Bedrooms)
Porcelain Tile in Bathrooms
Bathrooms:
New Vanity Sinks, New Shower heads, New Hollywood LED mirror
New Medicine Cabinets, New Bidet, Hand Held showers
Paints: New interior painting (all rooms ; living rooms)
New Exterior Paints + Stone Tiles in the front
PAVERS: Brand new Pavers both in Front and Back
Laundry Room: New General Electric Combo (Washer/Dryer) Home Depot
Water Heaters: Instant Water Heater (Natural Gas) / Tankless
Kitchen + Living Room:
New Kitchen Island + New Kitchen with New Appliance
Dishwasher/Garbage Disposal; Double Oven Range (not brand new)
New Kitchen Cabinets Drawers/ Drawer pulls
2431 E Tracy Ln, Unit 2,Phoenix,Az,85032**
Super Cute 2-Story Condo with Tenant Occupied - Ready for Immediate Investment!**
Explore the opportunity to invest in this tastefully updated 2-story condo in the desirable Spanish Hills community. This tenant-occupied property offers modern amenities and a prime location, making it a valuable addition to any investment portfolio.
**Features & Upgrades:**
- **Modern Upgrades (2019):** Enjoy a newer front door, new security door, stainless steel kitchen appliances, recessed lighting, cordless wood blinds, two-tone paint, modern cabinetry, and dual-flow toilets.
- **Spacious Living Area:** A generous great room featuring a breakfast bar and a 1/2 bath on the main floor.
- **Tiled Floors Throughout:** Easy maintenance and a clean, sleek look.
- **Ceiling Fans:** Keep cool and comfortable throughout the year.
- **Convenient Inside Laundry:** Equipped with a washer and dryer for your convenience.
- **Master Bedroom:** Includes a spacious walk-in closet.
- **Outdoor Living:** Large outside storage room and a back patio with easy-care wood plank flooring.
- **Utilities Included:** Water, sewer, and trash are all included in the rent.
**Prime Location:**
- **Nearby Schools:** Conveniently located near top-rated schools.
- **Dining & Shopping:** Just minutes from Valle Luna, Costco, and Desert Ridge.
- **Outdoor Recreation:** Close to the Lookout Mountain Trailhead at Phoenix Mountains Preserve.
- **Easy Commute:** Quick access to Loop 101 and Highway 51.
Lease Details: Monthly lease of $3,588. Tenant pays their own electric; landlord pays water/sewer/trash (~$85/month).
Welcome to Thunderbird, where luxury meets functionality! Elevate your living experience with our top-of-the-line appliance offerings, meticulously curated to enhance every corner of your dream home.
? **Heat Pumps (Refrigerated Air + Heater)** x2
Enjoy year-round comfort with efficient heating and cooling solutions. Our heat pumps ensure optimal climate control, keeping you cozy in winter and cool in summer.
? **¾ Ton Mini Split for Casitas (Bedroom #6)**
Tailored comfort for your personal retreat. This mini-split system provides targeted climate control, perfect for creating a peaceful sanctuary in Bedroom #6.
? **Instant Water Heater/Tankless Natural Gas**
Experience endless hot water on demand. Our tankless water heater combines efficiency with convenience, ensuring you never run out of hot water during those long showers.
? **Washer / Dryer**
Effortless laundry days await with our high-capacity washer and dryer duo. Designed to handle large loads efficiently, they're your partners in keeping clothes fresh and clean.
? **Two Refrigerators (French Doors x2)**
Double the storage, double the convenience! Our French door refrigerators offer ample space and advanced cooling technology to preserve your groceries at their best.
? **Garbage Disposal + Dishwasher + Over the Range Microwave + Stove (Electric)**
Create culinary masterpieces in your gourmet kitchen. Our suite of appliances includes a powerful garbage disposal, a sleek dishwasher for effortless cleanup, an over-the-range microwave for quick meals, and an electric stove for precision cooking.
? **Huge Backyard, Spacious Living Room, and Eat-In Kitchen**
Entertain with ease in your expansive living room and enjoy family meals in the inviting eat-in kitchen. The heart of your home awaits unforgettable gatherings and cherished memories.
**Buyer to Verify All Facts and Figures.**
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,365,000 | Number of Properties | 3 |
| Price / SF | $275.42 / SF | Individually For Sale | 3 |
| Cap Rate | 8.53% | Total Building Size | 4,956 SF |
| Sale Type | Investment | Total Land Area | 0.32 AC |
| Status | Active |
| Price | $1,365,000 |
| Price / SF | $275.42 / SF |
| Cap Rate | 8.53% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 4,956 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2431 E Tracy Ln, Phoenix, AZ 85032 | Multifamily | 952 SF | 1981 | $295,000 |
| 1830 W Alta Vista Rd, Phoenix, AZ 85041 | Multifamily | 1,554 SF | 1971 | $555,000 |
| 3829 W Thunderbird Rd, Phoenix, AZ 85053 | Multifamily | 2,450 SF | 1972 | $545,000 |
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Gerchick Real Estate
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