The Property commands HIGH RENTS! There is a SFH rented at $1300 with Granite Counter Tops and New Cabinets with wood grain tile flooring! The Triplex has just be polished! All units have washer/dryer hookups! The mix is the one SFH that is a 3/2 and one 2 bedroom-2 bath and two 1 bedroom 1 bath. The 2/2 is getting $900 per month, and the one bedrooms are getting 800 and 600(long time tenant). Carports, Tile All Units have granite and ceiling fans-there are large. Individually metered. This area has many properties that are being upgraded. Large Units and Desert Landscaping. Individual Storage Units-really a NICE property! The House and the two-one bedrooms have small backyards! Newer cabinets and vanities in the bathrooms! LARGE UNITS! Buyer to verify all facts and figures.
The Garfield District is one of those areas in Phoenix that is experiencing revitalization from the expanding downtown Phoenix area.
Developed from 1883-1955, Garfield Historic District contains nearly 800 households and contains primarily modest bungalows, Period Revival homes and the city’s largest concentration of “pyramid cottages.” Before becoming a residential community Garfield was part of an extensive agricultural tract. Garfield has an eclectic arts scene and is easily walkable to Roosevelt Row and First Friday fun.
Gross Monthly Rents
Net Operating Income
With this Cap Rate on Actuals, this is an opportunity to own a Multi Family Property with Residential Financing. 25% Down and Residential Rates. The Cash Flow is one of the best in the Phoenix Fourplex Market.
Fourplexes are a great starter Investment for a beginning Investor. If you want to live in one and obtain the Income on the other three units, this is easy to do.