NNN 2 Year Lease in place-ACTUAL 10.10 Cap RATE-Triplex with 2 of the units are 3 bedroom-316 E Vogel Ave, Phoenix, 85020 $935,000

316 E Vogel Ave, Phoenix, 85020 $935,000-USE RESIDENTIAL FINANCING-NO SELLER CARRY-Actual Numbers

The Property

This is leased on an ABSOLUTE NNN Lease-The Tenant pays 100% of all expenses!

All Utilities
All Property Taxes
All Maintenance
All Insurance
All Landscaping
All EXPENSES

Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors.

Property Highlights:

Two-Story House:

Appliances: Enjoy the convenience of a brand new Kitchen Aid dishwasher, GE microwave, stove, and refrigerator, all replaced in mid-July 2024. Please note that no warranties are provided.
Laundry: Equipped with a gas washer and dryer for added convenience.
Recent Upgrades:
- Interior repainted, enhancing the home’s fresh appeal ($2,000).
- Stair carpet and baseboards have been updated with stylish laminate flooring ($1,800).
- New blinds installed throughout for added privacy and style ($500).
- Exterior freshly painted to boost curb appeal ($1,800).
- Modern appliances replaced ($1,200).

One-Story House:

Appliances: Features the same high-quality Kitchen Aid and GE appliances, updated in mid-July 2024, with no warranties.
Laundry: Includes a gas washer and dryer.
Recent Upgrades:
- Newly repainted interior ($1,800).
- Updated blinds throughout ($800).
- Exterior painting completed to ensure a welcoming exterior ($1,800).
- Appliances replaced for tenant comfort ($1,200).

Casita:

Appliances: Outfitted with a new Kitchen Aid dishwasher, GE gas stove, microwave, and refrigerator, all installed in mid-July 2024, with no warranties.
Recent Upgrades:
- Interior repainted to refresh the space ($1,200).
- New blinds throughout for an elegant touch ($200).
- All flooring and baseboards replaced for a modern look ($4,200).
- Cabinets repaired and repainted for a like-new appearance ($800).
- Appliances replaced to ensure reliability and functionality ($1,200).

On-Site Features:

Storage Options: Two large grey storage sheds behind the Casita and one large permanent shed, offering the opportunity to rent for additional income. All contents will be cleared before closing.
Beautiful Common BBQ Area: Perfect for entertaining and enjoying Arizona’s sunny weather.
Site Improvements:
- Brick and walkway repairs completed for safety and aesthetics ($1,000).
- Landscaping and trimming enhance the property’s natural beauty ($2,500).

Financial Summary:

Total Capital Expenditures (Last 3 Months): $24,000
- Two-Story House: $7,300
- One-Story House: $5,600
- Casita: $7,600
- On-Site Improvements: $3,500

316 E Vogel offers a unique combination of comfort, convenience, and income potential, making it an excellent choice for investors seeking a property with minimal upkeep and maximum returns. With its strategic location and recent enhancements, this triplex is ready to deliver a great living experience for tenants and a profitable investment for its new owner. Don’t miss this opportunity to own a versatile property in a thriving community!

Buyer to verify all facts and figures.

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

**Invest in the Heart of Phoenix: Prime Real Estate Opportunities in 85020**

Unlock the potential of one of Phoenix’s most desirable neighborhoods with investment properties in the 85020 zip code. This area offers a unique blend of natural beauty, convenience, and growth potential, making it an ideal choice for savvy investors looking to expand their portfolio.

**Strategic Location**
85020 is strategically situated in the foothills of North Mountain, providing both a picturesque setting and easy access to central Phoenix. The neighborhood’s location ensures high demand for rental properties and commercial investments, given its proximity to key business districts and major roadways.

**Healthcare Hub**
Investors can benefit from the area’s close proximity to top-tier medical facilities, including John C. Lincoln Medical Center. With the hospital’s reputation for excellent care and the ongoing demand for healthcare services, properties near this facility are likely to attract long-term tenants and offer stable returns.

**Parks and Recreation**
The proximity to North Mountain Park and other recreational areas adds significant value to properties in 85020. The park’s hiking trails, picnic spots, and natural beauty make the neighborhood a desirable location for those who value outdoor activities, thereby increasing the appeal of rental and commercial properties.

**Growing Community**
85020 is a community on the rise, with ongoing development and revitalization efforts enhancing its appeal. Investing in this area means capitalizing on a neighborhood that is set for appreciation and increased demand. The local market is buoyed by a mix of residential, commercial, and recreational attractions that draw a diverse and growing population.

**Investment Opportunities**
From multi-family units to commercial real estate, 85020 offers a variety of investment opportunities. The area’s steady demand for housing and businesses creates a promising environment for rental income and property value growth. Whether you’re considering residential rental properties, mixed-use developments, or commercial ventures, 85020 provides a solid foundation for successful investments.

**Why 85020?**
Investing in 85020 means positioning yourself in a flourishing area with high growth potential and strong community ties. With its strategic location, access to healthcare, recreational amenities, and ongoing development, this neighborhood presents a compelling opportunity for real estate investors looking to make a wise investment in Phoenix.

Explore the potential of 85020 and discover why it’s the right choice for your next real estate investment. Embrace a future of growth and prosperity in this vibrant Phoenix community.

$935,000

Sale Price

$94,452

Effective Rental Income

0.00

Operating Expenses-Tenant pays ALL expenses

$94,452

Net Operating Income

10.10%

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!

One Page Flyer-Check it out Offering Memorandum