The Property
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This is a true lease agreement for a National Short Term Rental Co.’s NN (Net Lease) property, where the tenant only pays for insurance and property taxes. The property is leased for a period of three years with rent increases each year. This presents an excellent opportunity to own a charming duplex in one of the most sought-after areas of Phoenix, located in the Midtown district that blends historic structures with trendy establishments. The interior has been upgraded and features fresh paint, attractive wood-like tile flooring, and spacious living and dining areas. The property also boasts new dual pane windows, doors, and hot water heaters. Each unit has individual metering. The renovated kitchen showcases large shaker cabinets, luxurious quartz counters, and sparkling stainless steel appliances. Bedrooms enjoy ample natural light, upgraded ceiling fans, and walk-in closets. The upscale bathrooms have been completely redone. In addition to these features, the location of the property is perfect for those who love dining out and shopping, with numerous restaurants and shopping centers close by. Don’t miss out on this fantastic opportunity, but be sure to verify all facts and figures before making a purchase. |
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 20th street and Thomas in Phoenix, Arizona is a bustling and vibrant neighborhood with many notable landmarks and attractions.
One of the defining features of this area is the nearby freeway. The intersection of 20th street and Thomas is located just a few blocks east of the Arizona State Route 51, a major freeway that connects the northern suburbs of Phoenix with the city center. This convenient access to the freeway makes it easy for residents and visitors to travel throughout the valley.
Another notable feature of this area is the Phoenix Children’s Hospital, located just a few blocks to the west of the intersection. As one of the largest children’s hospitals in the country, it is a vital resource for families and children throughout the state. The hospital provides a wide range of medical services, including emergency care, surgery, and specialized treatments for a variety of conditions.
In addition to the hospital, there are many other amenities in the area. The nearby Steele Indian School Park is a popular destination for outdoor recreation, with acres of green space, sports fields, and walking trails. The park also hosts many community events throughout the year, including concerts, festivals, and cultural celebrations.
For those looking for shopping and dining options, the Biltmore Fashion Park is just a few minutes’ drive to the north. This upscale shopping center features a variety of high-end stores, restaurants, and entertainment venues.
Overall, the area around 20th street and Thomas is a thriving and diverse neighborhood with something to offer for everyone. Whether you’re in need of medical care, outdoor recreation, or shopping and dining, this area has it all.
$875,000
Sale Price
$47,064
Effective Income
$2,075
Operating Expenses
$44,989
Net Operating Income
5.14%
Cap Rate
Offering Memorandum
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!
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 our property, and please don’t hesitate to contact us if you have any questions.
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