Check out this Fantastic Investment Opportunity, Cash flowing 4 PLEX in the prime location of Midtown Phoenix! These are beautiful totally remodeled units inside and out! The furniture is also included in the sale, including utensils! Current owners have averaged a gross of $90,000 income annually for 2020 on 3 units, this year has been approx $102,000 for 2021. More room for income growth with the 4th unit! 2 buildings 4 units total **4th unit needs total reno, make it your own style or duplicate the other units! You can also rent out all of the units long term, AIRBNB, and/or live in the 4th unit! 1-2 more units can be built on the lot! Nearly always occupied! Long term renters are an excellent option as well. Single level and NO HOA! LOW taxes, only $1,456 annual! There are TON o Billion dollar commercial and residential developments right in the area! Easy access to the light rail, buses and other transit. These are block construction, 3 of them are 1 bedroom 1 bathroom and 4th unit is a 2 bedroom unit with private yards, their own appliances, and each unit has a parking spot, 2 storage units on site, and separate electric meters. Brick accent walls, newer exterior and interior paint gives these units a bright airy feel. The units are approx 550-600 SQ FT each and unit 4 (2 bedrooms) is approx 900 sq ft. Roofs replaced in 2019. Each unit has an HVAC system replaced in 2019. Remodeled interiors in 2019 with concrete stained floors, modern premium concrete and wood block countertops, new doors, white accented kitchen cabinets, gold brushed faucets with matching hardware, white subway tile backsplashes, new modern fixtures/ceiling fans/lighting, and kitchen island with concrete counters and floating shelves. Stainless steel & black appliances in each unit; Gas stove, refrigerator, and microwave. Each unit has a small private backyard perfect for enjoying the cool morning air and sounds of birds. Bathrooms have been upgraded with a new vanity, tubs shower and hardware. All units have blinds and dual pane windows. Unit 4 has laundry hook ups. Can easily plumb for laundry hooks for the other 3 units. All units have concrete path walkways and front door covered awnings. Huge lot with low maintenance desert landscaping for privacy and enjoyment! There is an abundance of shopping, boutique restaurants and fine dining, theatre venues, and nightlife opportunities abound Midtown Phoenix. Very close to downtown Phoenix! There are also retail destinations such as the Camelback Colonnade and Biltmore Fashion Park situated within close proximity. These units are minutes to Phoenix Children's Hospital, Banner University Medical Center Phoenix, St. Joseph's Hospital Medical Center, VA Hospital, Phoenix College, gas stations, easy access to Metro light rail, Sprouts Farmers Market, Starbucks, Safeway, Jamba Juice, Jersey Mike's, Orange Theory Fitness, the popular & swanky Clarendon Hotel, Heard Museum, Phoenix Art Museum, Phoenix Country Club/ 18 Hole Golf Courses and the largest oasis park in Arizona, Encanto Park! North High School and St. Mary's Catholic High school nearby. Minutes drive to Downtown Phoenix, Sky Harbor International Airport, and 51, I-10, 202 loop Freeway access. The BILLION dollar residential/commercial development called Central Park is being built about 5 minutes away! There are plenty of recreational activities at the local parks, as well as the sprawling Phoenix Mountains Preserve just a short drive away. What more can you ask for? Don't miss out, start cash flowing monthly and call for info today!
Listing courtesy of HomeSmart. Selling Office: North & Co.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.