Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One Large 3BR & 2BA unit and five 2BR & 2BA units. All units have private storage rooms & there is a 2 car garage for additional revenue. All 2BR rents are currently below market at $1100-$1165. 2 BR Market rents are $1,250-$1350 Buyer to verify all facts and figures.
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Location: 11th Ave and Camelback
Area Amenities: This area is walkable to do errands on foot as well as bikeable shopping. Nearby parks include Tawa Park, Lyceum Park and Kids Street Park. The local elementary school is Osborn Middle school and is located within two blocks of the property. Walkable employment is nearby.
Entertainment Venues: Movie Theatres and Parks allow families to enjoy the area. Close to schools as well.
Transportation: This property is not only close to the I-17 Freeway but steps from the Phoenix Bus transportation. There is the 7th Ave and Camelback-Park and Ride the Light Rail. Additionally, blocks from the Phoenix Light Rail with a ten-minute walk. Car sharing is available from RelayRides as well.
Gross Operating Income
Net Operating Income
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