The Property
Introducing an Exceptional Real Estate Investment Opportunity in Phoenix, Arizona!
This a business sale with thirty percent down and the payments of 5% interest. You will own and have access to the property. The contract is handled by the attorney and Title and Inspections are done exactly as if this was a traditional sale.
Are you ready to embark on a journey into the lucrative world of real estate investment? Look no further! We present to you an outstanding opportunity in the heart of Phoenix, Arizona – a meticulously maintained 8 unit multifamily property located at 3121-3123 W Almeria Rd, Phoenix, AZ 85009.
**Property Highlights:**
– **Address:** 3121-3123 W Almeria Rd, Phoenix, AZ 85009
– **Parcel Number:** 108-26-108-C-D
– **Lot Size:** 13,260 sq ft
– **Total Building Area:** 4,416 sq ft
– **Zoning:** R-4
**Unit Composition:**
This property boasts two well-maintained buildings, housing a total of eight spacious one-bedroom apartment units. Recent market studies suggest that there is significant potential to increase current rental rates, with the possibility of reaching up to $1,260 per unit. Additionally, there is an application pending for the only vacant unit, with a proposed rent of $1,379. The introduction of a RUBS (Ratio Utility Billing System) further enhances the income potential.
**Investment Benefits:**
– **30% Down Payment Opportunity:** Secure your investment with a reasonable down payment.
– **Complete Control and Ownership:** You will have full management rights to the LLC, ensuring you have the final say in property management and income
– **Attractive Rental Income Potential:** Capitalize on the opportunity to maximize your rental income.
– **Recent Maintenance Work:** Enjoy peace of mind with recent maintenance work, including repiping and roof tuning, which reduces future maintenance expenses.
– **Ceramic Flooring:** All units feature ceramic flooring, adding to their durability and appeal.
– **Private Backyards:** Each unit comes with a private backyard, offering added value to your tenants.
**Financial Information:**
– **Purchase Price:** $1,595,000
– **Financing:** Take advantage of an underlying note with a competitive 5% interest rate on interest-only payments.
– **Potential for Increased Rental Rates:** Unlock additional income potential by adjusting rental rates.
– **Additional Income from RUBS:** Implementing a RUBS system can further boost your revenue stream.
This property is a golden opportunity for savvy investors who want to expand their real estate portfolio or begin their journey in the thriving Phoenix market. With its promising income potential, prime location, and recent maintenance work, it represents an invaluable asset awaiting the right buyer.
Seize the opportunity to secure your financial future with this multifamily property in Phoenix, AZ. Don’t let this incredible investment opportunity slip through your fingers! To learn more and schedule an appointment to discuss this opportunity, please see the link above to make a time that works for you to visit with Linda about the Property. We eagerly anticipate assisting you in achieving your real estate investment aspirations.
Virtual Tour-Check it out!
Welcome investors! If you’re looking for an immersive and exciting way to explore a potential investment opportunity, then look no further than our virtual tour.
Our virtual tour offers an interactive and engaging experience that will give you a realistic feel for what you can expect from the investment. You’ll be able to explore the property from the comfort of your own computer, without the need for travel or on-site visits.
By clicking on the link to our virtual tour, you’ll be taken on a guided tour of the investment property, complete with 360-degree panoramic views and high-resolution images. You can take your time and explore the property at your own pace, zooming in on key details and features that interest you.
Our virtual tour is an excellent way to get a comprehensive overview of the investment opportunity, and to make an informed decision about whether it’s right for you.
So why wait? Click on the link for our virtual tour today and start exploring the investment opportunity of a lifetime!
Location
Whether it’s catching a flyball during Spring Training, getting some retail therapy at Desert Sky Mall or just spending the day outside in the many recreational spaces, Maryvale Village provides a fun and inviting slice of life for its residents. Initially developed in the 1950s as a post-war suburban planned community, Maryvale has exploded into one of the most populated villages in the Phoenix area, consisting of several residential subdivisions and plenty of commercial and entertainment spaces.
Prospective buyers will find a wide variety of single-family homes throughout Maryvale, ranging from the community’s inception in the early 1960s to newly built properties and homes still under construction. Homes with classic ranch architecture feel like a step back in time, featuring low-gabled roofs and covered carports. Many homes have fenced-in front yards that give residents additional privacy. Many homes in the Vinsanto subdivision tower at three stories high, with plenty of windows that’ll bring in natural light. House prices in Maryvale tend to stay consistent no matter the subdivision you live in, typically ranging between $300,000 and the mid $400,000 range. There are also plenty of townhomes and condominiums available, often featuring modern interiors and covered parking spaces.
There are plenty of public schools around Maryvale representing several school districts including the Phoenix Union High School District and Isaac School District among others. Some students will start their education at Mitchell Elementary School, then Isaac Middle School after. Students might also attend Carl Hayden Community High School, which offers various extracurricular programs for its student body, ranging from clubs like the Academic Decathlon and anime club to sports throughout the year.
When school lets out for the summer, you’ll see plenty of students cooling off at the Marivue Park public pool. You can reel out a line and spend the day fishing at Desert West Park, which features a fishing lagoon in addition to the many athletic courts and fields. Desert West Park is also home to an expansive skatepark which hosts the annual Phoenix AM skating competition.
The original plan for Maryvale was to be a place where residents could live, work and play all in one place, a goal that has been met with the myriad of ways to spend the day in the community. Camelback Ranch is abuzz in the springtime, with the Los Angeles Dodgers and the Chicago White Sox playing Spring Training games at the expansive stadium. You can catch your favorite musician or comedian at Talking Stick Resort Amphitheatre, an outdoor venue that has brought in the best of the best since opening in 1990.
With over 130 retail options, as well as several dining options for a quick snack or dinner, Desert Sky Mall is one of the biggest shopping centers in the area. From department stores like Burlington and Dillard’s to the many jewelry stores, there are plenty of options to keep up with the latest fashion trends. After a long day of shopping, head down Indian School Road for a slab of ribs and an apple pie from Sue Soul Food Heaven, one of the many locally-owned restaurants throughout the community. JJs Bar and Billiard’s is perfect for a night out, offering a variety of pub fare and cocktails in a low-key environment.
Maryvale provides great proximity to many of the Valley’s main highways, but with a wealth of entertainment and shops around, you’ll have everything you need at your fingertips.
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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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