The Property
**Discover Your Next Investment Gem in North Phoenix**
Welcome to your chance to own a prime piece of North Phoenix real estate! Nestled in a vibrant district blending historic charm with modern trends, this fully rehabbed triplex promises both immediate returns and long-term potential.
**Property Highlights:**
– **Fully Rehabbed & Fully Occupied:** Enjoy peace of mind with a triplex that has been meticulously renovated and is currently fully occupied at high rental rates.
– **Stylish Interiors:** Step inside to find fresh paint, wood-like tile flooring, and spacious living/dining areas that cater to modern tastes.
– **Upgraded Features:** Brand new dual pane windows, doors, and hot water heaters ensure efficiency and comfort for tenants.
– **Modern Kitchen:** The renovated kitchen boasts large cabinets, luxurious quartz countertops, and sparkling stainless steel appliances, making it a standout feature for potential tenants.
– **Comfortable Living:** Bedrooms are designed for relaxation with upgraded ceiling fans, ample natural light, and convenient walk-in closets.
– **Upscale Bathrooms:** Completely redone bathrooms showcase contemporary finishes and fixtures, adding a touch of luxury to everyday living.
– **Exterior Charm:** The property’s exterior is enhanced with even and smooth stucco, ensuring durability and aesthetic appeal.
**Investment Opportunity:**
– **Prime Location:** Located in North Phoenix, a district known for its mix of historic architecture and trendy establishments, ensuring strong rental demand.
– **Residential Financing:** Investors have the flexibility to utilize residential financing, simplifying the investment process.
**Additional Information:**
– **Must Be Sold with Triplex:** This triplex must be purchased alongside the adjacent Triplex at 2124 W Augusta, offering a rare opportunity to expand your portfolio in one transaction.
– **Verification:** Buyer to verify all facts and figures to ensure confidence in the investment.
**Act Now!**
Don’t miss out on this rare opportunity to own a fully rehabbed, fully occupied triplex in the heart of North Phoenix. Whether you’re expanding your portfolio or entering the real estate investment market, this property promises both immediate returns and long-term appreciation. Contact us today to schedule a viewing and secure your investment future in one of Phoenix’s most desirable areas.
*Investment opportunities like this don’t last long—act now to capitalize on North Phoenix’s booming real estate market!*
Virtual Tour-Check it out!
If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?
Location
The area around 21 Ave and Northern in Phoenix AZ is a bustling commercial and residential hub that offers a plethora of employment opportunities, making it a highly sought-after destination for job seekers. Some of the major employers in the area include Honeywell Aerospace, American Express, and Phoenix Children’s Hospital, among others. With the presence of such reputed companies, the area has a strong employment base, attracting both young professionals and seasoned workers looking for career advancement opportunities.
Apart from the strong job market, the 21 Ave and Northern area is also known for its vibrant entertainment scene. There are several shopping centers, restaurants, bars, and theaters in the vicinity, providing ample options for residents and visitors alike. The Metrocenter Mall, located a few miles from the area, is a popular destination for shoppers, offering a wide range of stores and dining options. Moreover, the area boasts a diverse range of culinary offerings, with several local eateries and international restaurants.
One of the major attractions of the 21 Ave and Northern area is the Phoenix Light Rail, a modern public transportation system that connects several areas of the city, including downtown Phoenix, Tempe, and Mesa. The light rail has made commuting easier for residents and has helped to reduce traffic congestion in the area. Additionally, the light rail is an excellent option for visitors who want to explore the city’s many attractions without having to worry about driving and parking.
The area also offers several recreational opportunities, including parks, hiking trails, and sports facilities. The North Mountain Park and Preserve, located just a few miles from the area, is a popular destination for hiking and outdoor activities. Moreover, the area has several sports facilities, including the Rose Mofford Sports Complex, which offers baseball, soccer, and softball fields.
In summary, the 21 Ave and Northern area in Phoenix AZ is a dynamic and diverse neighborhood that offers excellent employment opportunities, a vibrant entertainment scene, and convenient access to public transportation. With its range of recreational and cultural attractions, the area is an excellent destination for residents and visitors alike.
$855,000
Sale Price
$73,990
Effective Operating Income
$9313
Operating Expenses
$64,677
Net Operating Income
5.67%
Cap Rate
Offering Memorandum and Marketing Flyer
To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.
Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.
If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.
Thank you for considering our investment opportunity, and we hope to hear from you soon!
Documents
Rental Comps
Year to Date Books and Records
Last Years Books and Records-2023
List of Improvements
Floor Plans and Appraiser Measurements
Platt Map and/or CCRs
Schedule of Personal Property
Seller Property Disclosure
Seller Property Disclosure 1-4 Units
Insurance Loss Run
We‘d like to invite you to check out the additional photos we have uploaded to our website for our property. These photos offer a more detailed view of the property from various angles and perspectives, giving you a better understanding of its layout and features. Take a few moments to browse through these photos to see for yourself what our property has to offer. We believe that they will provide you with a better insight into our property. Thank you for considering this property, and please don’t hesitate to contact us if you have any questions.
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Be sure to take a look at Linda Gerchick’s Practical Guide to Commercial Real Estate, which is now accessible on Amazon!
