17 Multi-Family Units
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17 Multi-Family Units
17 Flex Properties Offered at $3,040,000 in Phoenix, AZ
Executive Summary
This property presents a compelling investment opportunity with its attractive unit mix, desirable location, and potential for additional income through owner-operated facilities. It is a well-positioned, income-generating asset. There are opportunities to even increase current rental income for further value. This property is a prudent choice for investors looking to expand, diversify or start their portfolio. It offers a stable and reliable income stream. The property is 100% occupied and all units were remodeled. There are five-2 bedroom,1-bath , one- 3 bed/1 ba. and eleven - 3 bed,2 ba units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access.
5 Units also available at $825,000
5 Units also available at $825,000
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$308,376
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$308,376
|
| Taxes |
$3,960
|
| Operating Expenses |
$99,636
|
| Total Expenses |
$103,596
|
| Net Operating Income |
$204,780
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $308,376 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $308,376 |
| Taxes | |
|---|---|
| Annual | $3,960 |
| Operating Expenses | |
|---|---|
| Annual | $99,636 |
| Total Expenses | |
|---|---|
| Annual | $103,596 |
| Net Operating Income | |
|---|---|
| Annual | $204,780 |
Property Facts
| Price | $3,040,000 | Status | Active |
| Price / SF | $213.90 / SF | Number of Properties | 17 |
| Cap Rate | 6.97% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 14,212 SF |
| Price | $3,040,000 |
| Price / SF | $213.90 / SF |
| Cap Rate | 6.97% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 17 |
| Individually For Sale | 0 |
| Total Building Size | 14,212 SF |
Properties
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Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Stainless Steel Appliances
- Instant Hot Water
Site Amenities
- Clubhouse
- Laundry Facilities
- Pool
- Property Manager on Site
- Security System
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17 Multi-Family Units
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