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.