Well Managed, Well Maintained 24 Unit Multifamily For Sale, Phoenix AZ

By
Commercial Real Estate Agent with Century 21 Platinum Real Estate


621 North 30th Place
Phoenix, AZ 85008
Well Managed, Well Maintained Multifamily For Sale
Price : $1,395,000
Square Foot : 14,720
Lot Size : 50,965 sq.ft.
County : Maricopa County
Property Type : Condo, Townhome



click for more information and pictures
Property Description
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®
Features List
• 6.5 CAP at asking • 100% occupied • Can raise rents
• Well Maintained • Well Managed • Expenses Managed
• Strong Tenant Base • Tenant Waiting List • On-time rents
• Screened Tenants • Rent Policy Enforced • Rental demand
• New Outside Paint • Extra Laundry Income • Recent Remodeling
• Downtown Phoenix • Twenty 1 Bedroom's • Four 2 bedroom's
• Near 202 Freeway • Near employment
Equal Housing Opportunity.
Posted by

Bryan K. McCoy

Century 21 Platinum

2141 E Pecos Road

Chandler, AZ 85225

480-358-8575 cell

480-302-5834 fax

bryan.mccoy@century21.com

 

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Topic:
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Location:
Arizona Maricopa County Phoenix Bella Vista
Tags:
maricopa county
phoenix az
85008
cashflow
well managed
million dollar property
bryan k mccoy
century 21 platinum
multifamily for sale near downtown phoenix
24 unit apartment complex for sale
well maintained multifamily for sale
621 n 30th place

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Rainmaker
1,280,107
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Congratulations and best of luck to you on your new listing!  Sounds like a great investment opportunity!

Jul 31, 2016 08:49 AM #1
Rainmaker
634,066
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

This property has a lot to offer the right buyer. I hope you'll have a SOLD sign on it soon!

Jul 31, 2016 07:30 PM #2
Rainmaker
3,228,009
Richard Weeks
Dallas, TX
REALTOR®, Broker

Congratulations on your new listing.  Great investment opportunity and nice job with your presentation.

Jul 31, 2016 10:10 PM #3
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Rainmaker
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Bryan K. McCoy

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