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    938 S Church Avenue

    Superior, AZ 85173
    • $240,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 6174698
    UPDATED: 30 min ago
    $240,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:
    Area:

    Description

    Passive income at its finest with this truly ''turnkey'' duplex just outside of Phoenix Metro. Where else can you find a fully remodeled duplex with a CAP rate hovering at 9%!! Each unit is complete with 3 beds, 2 baths, tankless water heaters, granite counters, new cabinets, newer Trane AC units and each unit their own 200 amp electric meters. Owner only pays water and sewer! Established tenants paying $995 each making the gross income of this building nearly $24k/yr. There is a massive housing shortage in this area with more so on the horizon with the new copper mine opening in less than 3 years. This property has everything you could want-it's turnkey, fully rented,remodeled in the past year, high rents/cap rate, and massive upside with continued shortage of housing in the area.This one will go fast!!

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    © 2021 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 Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-01-19T10:12:38.887.
    www.yournextphoenixhome.com/homes/112868232
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    938 S Church Avenue Superior, AZ 85173

    • Price: $240,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 6174698
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1952
    Built
    Neighborhood:
    Belmont Addition
    County:
    Pinal
    Area:
    Superior
    Elementary School:
    John F Kennedy Elementary School
    Middle School:
    Superior Junior High School
    High School:
    Superior Senior High School
    School District:
    0015 - Superior Unified District - Pinal
    Property Description
    Passive income at its finest with this truly ''turnkey'' duplex just outside of Phoenix Metro. Where else can you find a fully remodeled duplex with a CAP rate hovering at 9%!! Each unit is complete with 3 beds, 2 baths, tankless water heaters, granite counters, new cabinets, newer Trane AC units and each unit their own 200 amp electric meters. Owner only pays water and sewer! Established tenants paying $995 each making the gross income of this building nearly $24k/yr. There is a massive housing shortage in this area with more so on the horizon with the new copper mine opening in less than 3 years. This property has everything you could want-it's turnkey, fully rented,remodeled in the past year, high rents/cap rate, and massive upside with continued shortage of housing in the area.This one will go fast!!
    Exterior Features

    Construction Block Construction Finish PaintedStucco Covered Parking Spaces 0.00 Lot Size Dimensions 8730 Parking <1 Space Per UnitPaved Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 1150 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorW/D Hookup Cooling Electric RefrigeratdHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Concrete Heating Ceiling Fan(S)Electric Interior Amenities Fire/Smoke Alarm(S)Mini Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 995.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 23880.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1100.00 Annual Land Lse Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1200.00 Community Amenities No Pool Cross Street Crowe St And Church Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 23880.00 Hoa YN No Net Operating Income 21580.00 New Financing 1031 ExchangeConventionalFhaVa Operating Exp 3078.00 Other Income 0.00 Owner Pays SewerWater Project Type Duplex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Superior Taxes 778.00 Tenant Pays ElectricTrash Totl Mnth Rntal Inc 1990.00 Vacancy Allowance 0.00 Water City Franchise Zoning Gr

    Listing courtesy of Go 4 Cash Flow.


    © 2021 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 Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-01-19T10:12:38.887.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206