Description
A Four Unit Cash Cow, all 2 BR, 1 BA apartments kept in great shape. All have Laundry Hookups. 6 Covered Parking Spots with plenty of extra parking. Individually metered so Tenants pay Electric and cable. 12 month leases...some running through the summer and one through Feb. Several upgrades including Unit 1 with new kitchen upgrades. paint, flooring, and fixtures. Unit 4 has recent new paint and fixtures. Rental increases and numbers are reflected in financials in Document tab. CAP Rate over 7% and could be higher if you maintain the property yourself! This property sits in a great rental area, close to Light Rail and Downtown Mesa and will go fast....Hurry!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
A Four Unit Cash Cow, all 2 BR, 1 BA apartments kept in great shape. All have Laundry Hookups. 6 Covered Parking Spots with plenty of extra parking. Individually metered so Tenants pay Electric and cable. 12 month leases...some running through the summer and one through Feb. Several upgrades including Unit 1 with new kitchen upgrades. paint, flooring, and fixtures. Unit 4 has recent new paint and fixtures. Rental increases and numbers are reflected in financials in Document tab. CAP Rate over 7% and could be higher if you maintain the property yourself! This property sits in a great rental area, close to Light Rail and Downtown Mesa and will go fast....Hurry!
© 2023 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-06-05T11:15:57.923.