CAP at 6.5%, 100% Occupancy (at listing) with asking rents 10% below market! All existing tenants have been carefully selected, strict policy enforced where everyone pays rent on time. There are very few similar properties that are this well maintained, and high rental demand where vacancies are usually filled immediately, we have a waiting list. DO NOT DISTURB TENANTS! PROPERTY TOURS BY APPOINTMENT ONLY!! Bella Vista is a well performing 24-unit multifamily property located near everything Downtown Phoenix has to offer by 32nd Street and the 202 Freeway. The unit mix consists of twenty (20) 1-bed/1-bath units of approximately 600 square feet and four (4) 2-bed/1-bath units of approximately 700 square feet.
The property amenities include a gated entrance, covered parking and on-site laundry. This property recently got a new paint job outside and several units have been recently remodeled. Market rents in a 1 mile radius are $545 for one bedroom and $645 for two bedrooms. Expenses are tight and income is steady. 100% occupancy with on-time rent in a strong rental area creates strong upside for first time investors ! Better hurry, this is not going to last long. Financials based on 2016 annualized. For info direct to your cell, text "2501418" to 79564. Better hurry, this one is not going to last!! This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®