This is leased on an ABSOLUTE NNN Lease-The Tenant pays 100% of all expenses!

All Utilities
All Property Taxes
All Maintenance
All Insurance
All Landscaping
All EXPENSES

Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors.

Property Highlights:

Two-Story House:

• Appliances: Enjoy the convenience of a brand new Kitchen Aid dishwasher, GE microwave, stove, and refrigerator, all replaced in mid-July 2024. Please note that no warranties are provided.
• Laundry: Equipped with a gas washer and dryer for added convenience.
• Recent Upgrades:
  • Interior repainted, enhancing the home’s fresh appeal ($2,000).
  • Stair carpet and baseboards have been updated with stylish laminate flooring ($1,800).
  • New blinds installed throughout for added privacy and style ($500).
  • Exterior freshly painted to boost curb appeal ($1,800).
  • Modern appliances replaced ($1,200).

One-Story House:

• Appliances: Features the same high-quality Kitchen Aid and GE appliances, updated in mid-July 2024, with no warranties.
• Laundry: Includes a gas washer and dryer.
• Recent Upgrades:
  • Newly repainted interior ($1,800).
  • Updated blinds throughout ($800).
  • Exterior painting completed to ensure a welcoming exterior ($1,800).
  • Appliances replaced for tenant comfort ($1,200).

Casita:

• Appliances: Outfitted with a new Kitchen Aid dishwasher, GE gas stove, microwave, and refrigerator, all installed in mid-July 2024, with no warranties.
• Recent Upgrades:
  • Interior repainted to refresh the space ($1,200).
  • New blinds throughout for an elegant touch ($200).
  • All flooring and baseboards replaced for a modern look ($4,200).
  • Cabinets repaired and repainted for a like-new appearance ($800).
  • Appliances replaced to ensure reliability and functionality ($1,200).

On-Site Features:

• Storage Options: Two large grey storage sheds behind the Casita and one large permanent shed, offering the opportunity to rent for additional income. All contents will be cleared before closing.
• Beautiful Common BBQ Area: Perfect for entertaining and enjoying Arizona’s sunny weather.
• Site Improvements:
  • Brick and walkway repairs completed for safety and aesthetics ($1,000).
  • Landscaping and trimming enhance the property’s natural beauty ($2,500).

Financial Summary:

• Total Capital Expenditures (Last 3 Months): $24,000
  • Two-Story House: $7,300
  • One-Story House: $5,600
  • Casita: $7,600
  • On-Site Improvements: $3,500

316 E Vogel offers a unique combination of comfort, convenience, and income potential, making it an excellent choice for investors seeking a property with minimal upkeep and maximum returns. With its strategic location and recent enhancements, this triplex is ready to deliver a great living experience for tenants and a profitable investment for its new owner. Don’t miss this opportunity to own a versatile property in a thriving community!

Buyer to verify all facts and figures.