The Property
🌟 **Investment Opportunity in Prime Phoenix Location!** 🌟
Are you looking for a lucrative investment property in the heart of Phoenix, AZ? Look no further! We present to you an exceptional 4-plex property at **925 E Fairmount Ave**, conveniently situated near Banner Hospital and boasting numerous upgrades.
**Property Highlights:**
🏡 **Location, Location, Location:** Nestled in a highly desirable area of Phoenix, this 4-plex property enjoys close proximity to Banner Hospital, making it a prime spot for potential tenants and a strong rental market.
🏠 **Fully Occupied:** All four units are currently fully occupied, ensuring a steady stream of rental income from day one. No need to worry about vacancies or turnover costs!
🔨 **Recent Upgrades:** This property has been thoughtfully maintained and upgraded. Newer air conditioners and a newer roof provide peace of mind and reduce maintenance expenses.
💰 **Excellent Condition:** The property is in impeccable condition, making it an ideal investment for those seeking minimal hassle and maximum returns.
🌆 **Invest in Phoenix’s Booming Real Estate Market:** Phoenix is experiencing rapid growth and increased demand for rental properties. This 4-plex is a fantastic opportunity to capitalize on this trend.
🌴 **Desirable Amenities:** The location offers easy access to shopping, dining, entertainment, and major transportation routes, making it attractive to a wide range of tenants.
**Investment Snapshot:**
– 4 Units (Fully Occupied)
– Newer Air Conditioners
– Newer Roof
– Great Condition
– Prime Location near Banner Hospital
– Strong Rental Market
Don’t miss out on this incredible investment opportunity in one of Phoenix’s most sought-after neighborhoods. Whether you’re a seasoned investor looking to expand your portfolio or a newcomer to the world of real estate, this 4-plex property offers the perfect combination of location, condition, and income potential.
Act fast to secure your future in the thriving Phoenix real estate market! For more information, property details, and to schedule a viewing, please contact us today. This gem won’t last long!
*Disclaimer: All information is deemed reliable but not guaranteed. Buyer to verify all details and suitability for their intended use.*
Virtual Tour
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
Phoenix, Arizona, is a sprawling metropolis known for its diverse neighborhoods and unique communities, and the 85014 area is no exception. This zip code encompasses a vibrant and central part of the city, offering a mix of residential, commercial, and recreational opportunities. Here, we’ll explore what makes the 85014 area in Phoenix special.
**Geography:**
The 85014 area is situated in the heart of Phoenix, just north of downtown and east of the bustling Central Avenue corridor. It is a relatively small but densely populated area, making it a hub of activity within the city.
**Residential Neighborhoods:**
The 85014 area is home to several established residential neighborhoods, each with its own character and charm. Some of the notable neighborhoods in this zip code include:
1. **Medlock Place:** This historic neighborhood is known for its tree-lined streets, mid-century homes, and a strong sense of community. Many of the homes in Medlock Place feature a distinctive ranch-style architecture.
2. **Alta Vista Park:** This area offers a mix of housing options, from single-family homes to apartments and townhouses. It’s an attractive neighborhood for those seeking a diverse range of housing choices.
**Dining and Entertainment:**
One of the highlights of the 85014 area is its diverse dining and entertainment scene. You’ll find a plethora of restaurants, cafes, and bars offering a wide range of culinary experiences, from local diners to upscale dining establishments. The neighborhood is known for its eclectic mix of eateries, making it a food lover’s paradise.
**Outdoor Activities:**
For those who enjoy the outdoors, the 85014 area provides easy access to several parks and recreational areas. Steele Indian School Park, for example, is a large urban park with walking trails, a lake, and picnic areas. It’s a popular spot for outdoor gatherings and events.
**Culture and Arts:**
Phoenix’s cultural scene is not far from the 85014 area. The nearby Phoenix Art Museum and Heard Museum offer diverse exhibitions and cultural experiences, showcasing art and artifacts from various cultures and time periods.
**Education:**
Families in the 85014 area have access to various educational options, including public and private schools. Additionally, the proximity to downtown Phoenix provides opportunities for higher education and cultural enrichment at institutions like Arizona State University’s downtown campus.
**Transportation:**
The 85014 area is well-connected to the rest of Phoenix and the surrounding areas. Major roadways like State Route 51 and Interstate 10 are easily accessible, making commuting convenient. Public transportation options, including bus routes, also serve the area.
In summary, the 85014 area in Phoenix offers a dynamic blend of residential, commercial, and cultural experiences. Its central location, diverse neighborhoods, and thriving dining scene make it an attractive place to live, work, and explore within this vibrant Southwestern city. Whether you’re a resident or just visiting, there’s always something to discover in the 85014 area of Phoenix.
$995,000
Sale Price
$59,000
Effective Gross Income
$13,564
Operating Expenses
$45,436
Net Operating Income
4.57%
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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Be sure to take a look at Linda Gerchick’s Practical Guide to Commercial Real Estate, which is now accessible on Amazon!
