14 units total in Central Phoenix
Unit Breakdown:

7 units are 1 bed/1bath
6 units are Studios
1 unit is a 2/1
1942 year built
All units individually metered
At the market rents carried forward from the supplied memorandum—$1,300 for 1-bedroom units, $950 for studios, and $1,550 for the 2-bedroom unit—the property generates $16,350 in monthly Gross Potential Rent and $196,200 annually. Under the pro forma’s 93% economic occupancy assumption, the property produces $123,575 of Net Operating Income.

Financials:
Pro Forma (Annual)
  Gross Potential Rent
 $196,200
Vacancy Loss (7%)
 ($13,734)
Effective Gross Rent
 $182,466
Other Income (Laundry / Misc.)
 $3,920
Effective Gross Income (EGI)
 $186,386

Estimated Annual Expenses
Pro Forma (Annual)
   Property Taxes
 $18,900
Insurance
 $9,000
Property Management (8%)
 $14,911
Repairs & Maintenance
 $12,600
Landscaping / Janitorial
 $1,800
Capital Reserves
 $5,600
Total Operating Expenses
 $62,811

Additional Info:

The property is located in the Central City South area of Phoenix, described in the supplied memorandum as a corridor connecting Downtown Phoenix, the South Mountain area, and Phoenix Sky Harbor International Airport. The location is presented as benefiting from proximity to employment hubs, Valley Metro Light Rail, and major freeway access.

Employment hubs. Downtown Phoenix, the ASU Downtown campus, and Phoenix Sky Harbor International Airport are identified in the original memorandum as nearby employment anchors serving finance, government, education, logistics, aviation, and hospitality sectors.

Transit and accessibility. The original memorandum notes proximity to the Valley Metro Light Rail and major freeways, including I-10 and I-17, as well as investment along the South Central transit extension. Renter profile. The property’s studios and 1-bedroom units are described as aligned with a workforce- oriented renter demographic in ZIP code 85034.

Wholesale Price: $1,495,000