2431 E Tracy Ln Unit 2 Phoenix AZ 85032 $295,000 Tenant Occupied Tenant pays $2,050 per month

2431 E Tracy Ln Unit 2 Phoenix AZ 85032 2 bedroom Condo Tenant Occupied $295,000

The Property

Lease info:

Tenant Pays $2,050 per month
Lease Expiration-3-31-2025

Explore the opportunity to invest in this tastefully updated 2-story condo in the desirable Spanish Hills community. This tenant-occupied property offers modern amenities and a prime location, making it a valuable addition to any investment portfolio.

**Features & Upgrades:**
– **Modern Upgrades (2019):** Enjoy a newer front door, new security door, stainless steel kitchen appliances, recessed lighting, cordless wood blinds, two-tone paint, modern cabinetry, and dual-flow toilets.
– **Spacious Living Area:** A generous great room featuring a breakfast bar and a 1/2 bath on the main floor.
– **Tiled Floors Throughout:** Easy maintenance and a clean, sleek look.
– **Ceiling Fans:** Keep cool and comfortable throughout the year.
– **Convenient Inside Laundry:** Equipped with a washer and dryer for your convenience.
– **Master Bedroom:** Includes a spacious walk-in closet.
– **Outdoor Living:** Large outside storage room and a back patio with easy-care wood plank flooring.
– **Utilities Included:** Water, sewer, and trash are all included in the rent.

**Prime Location:**
– **Nearby Schools:** Conveniently located near top-rated schools.
– **Dining & Shopping:** Just minutes from Valle Luna, Costco, and Desert Ridge.
– **Outdoor Recreation:** Close to the Lookout Mountain Trailhead at Phoenix Mountains Preserve.
– **Easy Commute:** Quick access to Loop 101 and Highway 51.

**Investment Opportunity:**
This charming condo is tenant-occupied, providing immediate rental income. The property is ideal for investors looking for a reliable income stream with a well-maintained home in a sought-after location.

**Don’t Miss Out!**
Invest in a property that combines comfort, convenience, and location. With all the essential updates and amenities, this home is a smart addition to your real estate investments.

**Buyer to Verify All Facts and Figures.**

**Contact Us Today for More Information or to Schedule a Viewing!**

Secure your investment in Spanish Hills and watch your portfolio grow.

Location

The area with the ZIP code 85032 encompasses parts of Phoenix, Arizona, United States. Let’s explore what this area has to offer:

### Demographics and Population:
85032 is a diverse area, home to a mix of residents from various ethnic backgrounds and age groups. The population density varies across different neighborhoods within the ZIP code.

### Residential Areas:
There are a variety of residential options in 85032, including single-family homes, apartments, townhouses, and condominiums. The neighborhoods offer a range of amenities, from parks and recreational facilities to shopping centers and restaurants.

### Education:
Families in 85032 have access to several public and private schools serving students from kindergarten through high school. Additionally, there may be educational institutions offering adult education or vocational training programs.

### Recreation and Entertainment:
Residents and visitors have numerous opportunities for recreation and entertainment in 85032. Parks provide spaces for outdoor activities such as picnics, sports, and walking trails. Additionally, there may be cultural attractions, theaters, and shopping centers offering a variety of entertainment options.

### Local Economy:
The local economy of 85032 may be supported by a mix of small businesses, retail stores, restaurants, and service providers. Employment opportunities could range from retail and hospitality to healthcare and professional services.

### Transportation:
Access to transportation is essential in any area, and 85032 likely has various options available. These may include major roadways, public transportation routes, and possibly access to airports or other transportation hubs.

### Community Services:
Residents of 85032 likely have access to essential community services such as healthcare facilities, libraries, post offices, and emergency services. These services contribute to the overall well-being and safety of the community.

### Cultural Diversity:
One of the notable aspects of 85032 is its cultural diversity. Residents from different backgrounds bring a richness of traditions, languages, and perspectives to the area, contributing to its vibrant tapestry of community life.

### Real Estate:
The real estate market in 85032 may experience fluctuations based on factors such as housing demand, economic conditions, and development projects. Home prices and rental rates can vary depending on the neighborhood and property type.

### Future Development:
As with any area, 85032 may see ongoing development projects aimed at improving infrastructure, expanding amenities, and enhancing quality of life for residents. Community engagement and planning efforts play a crucial role in shaping the future of the area.

In summary, 85032 offers a blend of residential, educational, recreational, and economic opportunities within the vibrant tapestry of Phoenix, Arizona. Its diverse community and array of amenities make it a dynamic place to live, work, and explore.

$295,000

Sale Price

$23,862

Effective Operating Income

$4,767

Operating Expenses

$19,095

Net Operating Income

6.47%

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-Check it out!