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Multi Family Residence
Unit Mix: (3) 1bedx1bath and (1) 2bedx1bath. Unit C (1×1) has a large exterior patio and
all four units have individual storage units as well
Vintage: 1978
Lot Size: 7,275 SF
Zoning: R-5
Buildings: 2
Electric: Individually Metered
Water: Individually Metered
Laundry: Unit B has an oversized storage unit, so a W/D hookup was added in 2020
Other:
● Unit D has a new water heater as of December 2024
● Unit C had the HVAC replaced in July 2023, other three were replaced 2018
● Both roofs were replaced in 2017
● Unit A has carpet, other three units have been replaced with tile
Current Leases
Unit A (1×1): $1010
Unit B (2×1 + Laundry): $1250/month
Unit C (1×1 + Patio): $1020/month
Unit D (1×1): $1010/month
Total: $4,290/month
All leases are currently on month-to-month status and there are no past-dues
Comps:
202 E Mountain View Rd, Phoenix, AZ 85020 – Duplex Fully Renovated $460,000
8842 N 2nd Way, Phoenix, AZ 85020 – Duplex Fully Renovated and Leased – $510,000
1329 E Cinnabar Ave, Phoenix, AZ 85020 – $560,000
CALL OR TEXT (480) 210-2120
All feedback is welcome! All reasonable offers will be considered! Need to Sell a Deal?
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OFF-MARKET INVENTORY
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 5k EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.
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