For sale is this very well cared for income property in North Central Phoenix.  It has a total of 4 units, each with 2 huge bedrooms, 2 full bathrooms and laundry facilities in each unit.  It’s a turn key operation with little in deferred maintenance and ready to go: fully rented.

Location

The Phoenix fourplex is located in North Central Phoenix and specifically the eastern end of Sunnyslope near the Phoenix Mountains.  Close to major travel routs, a bus line and near the I-51 freeway.   Residents have quick access to lots of shopping, a hospital, some of the better schools in the valley, hiking and plenty of employers.

Features

Each unit has 2 large bedrooms and 2 full bathrooms (by full I mean with with a tub)

There are 3 walk in closest.

Mostly hard surface flooring, that means durability and cleanliness and foremost low turn over cost.

Newer roof installed in late 2009.

Plenty of parking: both off street (6-7 spaces) and on street (3-4 cars).

Numbers

Price: $170,000

Income:

Rent: $2,200 per month.  Market is $2,400

Expenses:

Water:  $220.00 per month

Trash: $80.00 per month

Taxes: $2,411.00 annual

Maintenance: $1,200 annual

Insurance: $740 annual

Get in touch.

Call Artur at 602.628.4349

artur@inphoenix.com

We put together a short-list of small multifamily properties from amongst the 400+ listing that are of some interest.  They are selected by location, condition and most importantly profit potential but without failure of considering what it will take to run them.

So the selection includes some very low priced apartments that will need fix up and still provide a good cash flow but also a few that need very little fix up but better management.

Click here to view the selected 2-4 plexes for sale in Phoenix, Scottsdale, Glendale.  See them on a map with full details and in some cases Google street view.

This will become a regular feature which we’ll expand to include more information.