Description
INVESTMENT OPPORTUNITY - Multiple Offers Received, please submit your highest and best by 5PM on Wednesday, October 16 - currently yielding $34,387 Net Operating Income. A $475,000 purchase price generates a 7.24% as-is return, with rental rate upside. Great stabilized, fully renovated and cash-flowing investment opportunity near Downtown Phoenix, 10 minutes from Arcadia and Old Town Scottsdale, minutes from 202 Freeway, ASU and the 1Billion $ data center potentially slated for development at 40th Street and McDowell Rd. 1 year leases in place for all 3 units with automatic renewal and rental increases at 5%/year on the anniversary of the original lease date. Regarding financing, seller may consider a Seller Carryback if buyer prefers not to deal with conventional lenders for the initial
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Description
INVESTMENT OPPORTUNITY - Multiple Offers Received, please submit your highest and best by 5PM on Wednesday, October 16 - currently yielding $34,387 Net Operating Income. A $475,000 purchase price generates a 7.24% as-is return, with rental rate upside. Great stabilized, fully renovated and cash-flowing investment opportunity near Downtown Phoenix, 10 minutes from Arcadia and Old Town Scottsdale, minutes from 202 Freeway, ASU and the 1Billion $ data center potentially slated for development at 40th Street and McDowell Rd. 1 year leases in place for all 3 units with automatic renewal and rental increases at 5%/year on the anniversary of the original lease date. Regarding financing, seller may consider a Seller Carryback if buyer prefers not to deal with conventional lenders for the initial
© 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2020-01-28T00:11:25.24.