The Property
**Property Listing: 3121 W Almeria Rd, Phoenix, AZ 85009**
– **Price:** $800,000
– **Property Type:** 4-plex
– **Unit Type:** One-bedroom units
– **Key Feature:** Underground pipes have been updated
– **Financing Option:** Possible seller carry back with 28% down payment at 5% interest, interest-only payments for 5 years
– **Additional Requirement:** Concurrent purchase of 3123 W Almeria under the same conditions
– **Area Information:**
– **Location:** Located in Phoenix, AZ 85009
– **Neighborhood:** Known for its residential charm and proximity to downtown Phoenix
– **Accessibility:** Easy access to major highways and public transportation
– **Community:** Diverse community with local amenities, schools, and parks
– **Note:** Buyer to verify all facts and figures independently
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
### Location Overview: 35th Ave and McDowell, Phoenix, AZ
#### Neighborhood Description
The area around 35th Ave and McDowell Road in Phoenix, Arizona, is a vibrant and diverse community known for its mix of residential, commercial, and recreational spaces. The neighborhood is part of the larger Maryvale district, which is one of Phoenix’s 15 urban villages.
#### Schools
1. **Marc T. Atkinson Middle School**:
– Located close to the intersection, this middle school serves grades 6-8 and offers a range of academic and extracurricular programs.
2. **Alhambra High School**:
– Situated a bit to the northeast, Alhambra High School is a well-regarded institution with a comprehensive curriculum and various sports and arts programs.
3. **Isaac Elementary School**:
– A nearby elementary school providing education for younger children, known for its dedicated staff and community involvement.
#### Travel and Transportation
– **Public Transit**: The area is serviced by several Valley Metro bus routes, making it accessible for those relying on public transportation. Key routes include the 35 (35th Ave) and the 17 (McDowell Rd).
– **Highways**: Proximity to the I-10 freeway offers easy access to other parts of Phoenix and surrounding areas.
– **Airport**: Phoenix Sky Harbor International Airport is about a 15-minute drive away, providing convenient options for domestic and international travel.
#### Restaurants and Dining
1. **La Canasta Capitolio**:
– A popular Mexican restaurant known for its authentic dishes and vibrant atmosphere.
2. **Mariscos Playa Hermosa**:
– Specializes in seafood with a Mexican twist, offering a variety of fresh and flavorful options.
3. **Filiberto’s Mexican Food**:
– A favorite for quick and tasty Mexican fast food, including burritos, tacos, and carne asada fries.
4. **Peter Piper Pizza**:
– A family-friendly spot offering pizza, arcade games, and a fun environment for kids and adults alike.
#### Recreational Facilities
– **Maryvale Park**: A nearby park offering green spaces, sports facilities, and playgrounds, ideal for family outings and outdoor activities.
– **Maryvale Golf Course**: A well-maintained public golf course offering a challenging layout and beautiful scenery.
#### Shopping
– **Desert Sky Mall**: A short drive away, this mall features a variety of retail stores, dining options, and entertainment venues.
– **Local Markets**: Numerous local shops and markets provide a range of goods from fresh produce to unique local products.
Overall, the area around 35th Ave and McDowell Road is a dynamic part of Phoenix, offering a blend of educational institutions, convenient travel options, diverse dining experiences, and ample recreational opportunities.
$800,000
Sale Price
$49,440
Effective Operating Income
$12,515
Operating Expenses
$38,119
Net Operating Income
4.76%
Cap Rate
$800,000
Sale Price
$58,316
Proforma Operating Income
$12,515
Operating Expenses
$45,801
Proforma Net Operating Income
5.73%
Proforma 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!
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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