Archive for Phoenix 4plexes

2 Fourplexes in 85018 Area of Phoenix For Sale

(visit the website www.GlenrosaApartments.com for more details and financial data)
2 very well maintained fourplexes are available for sale.  Unlike most of the inventory out there these are fully functioning businesses not just shells in need of repair and new customers:  there is value in that.
Rarely do such nice fourplexes come on the market in the [...]

Where Are All The Fourplexes: Sales Increase And Supply Dwindles Away.

It’s a busy market out there.  All the good stuff seems to be disappearing : from good condos, homes, to small multifamily.
The supply of multifamily fourplexes is quickly dwindling sway.  Most of the good stuff is selling quickly as investors realize how good they have it now.
Except that properties will not wait for them.  There [...]

Where Are Your Tenants? Is This Where Your Property Is?

Investing in real estate is a business and as with any business you would carefully do research on where you customers are and how to reach them.  It’s no different in real estate.
Certain parts of the valley tend to be better for investment then others.  No matter how inexpensive some property may be if there [...]

Residential Phoenix Small Multifamily Market At A Glance

In the small multifamily unit market, 2-4 units, there are 559 active properties.  70% are lender owned or short sales.
In other words normal seller should simply stay out of the market because it will be a pure fluke if they get a buyer even if the property makes sense and there are some very good [...]

Triplexes and Fourplexes in Phoenix Of Interest

The map below shows some selected multifamily properties of interest.  They are selected for being in better rental markets.  Some are turn key ready: meaning buy and run a good business.  Others need some of a lot of work but the price reflects it.  I did not include any that are in risky areas that [...]

Investment Return On An Actual Multifamily Phoenix Property

Here is an example of what can be purchased now.  This is an actual purchase of a 4 plex in Phoenix.  Since the example below is an REO property it’s all vacant – though not all REO’s are vacant, expect it.  There are additional costs for a vacant property.  We don’t  take them into account [...]

Greater Phoenix 2 to 4 Plex Real Estate Market Update

The small multifamily income market in Maricopa County, sale have been on the rise over the last few months.  In October 27 such properties sold.  That is a small increase over 21 last month but a large increase over the low of 9 in February 2008.
Total inventory -tough still very high- is down as are [...]

Phoenix Small Multifamily: Where’s The Value Is Hidden

The value of separate meters on a property cannot be underestimated.  Most multifamily properties have one meter for water and maybe separate meters for electricity: in small multifamily properties is normal to have individual electric meters but it’s uncommon to have the same with water: that’s probably why its often missed.
Below we’ll compare two [...]

Superb Location: Phoenix Fourplex in Arcadia

The location of this fourplex is one of the best possible.  Arcadia is a very in demand neighborhood in East Phoenix.  It’s in between major entertainment and employment centers.  The demand for housing is strong from both home buyers and tenants. 
What attracts people here is the unique established atmoshphere: the lush greenery, the beautiful surrounding [...]

Residential Multifamily Sales In Greater Phoenix August 2008

Sales of residential multifamily properties, 2-4 units with residential financing, have been on the rise since the beginning of the year along with the sales of single family homes.  In August 31 properties sold. 
There are currently 710, 2-4 unit properties active in Greater Phoenix.  38 are pending.   Just as with all multifamily properties very few [...]

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