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GREAT INVESTMENT - "CASHFLOWING" PROPERTY
Pete Newcome
707-799-5299/cell
San Rafael, CA
CA - DRE# - 01281179
http://wholesalepropsbypete.com
92-UNITS - PHOENIX-AZ - $22,000/DOOR - EXTENSIVE CAP. IMPROVEMENTS - BUILT - 1970
THE BRITTANY APTS.
708 N. COUNTRY CLUB DR.
MESA, AZ
$1,959,000
Highlights
GREAT INVESTMENT - "CASHFLOWING" PROPERTY
Pete Newcome
707-799-5299/cell
San Rafael, CA
CA - DRE# - 01281179
| . Interior of units are in good condition with little maintenance required.The property is located in a high rental demand area close to many shops, has easy access to the 202 and 51 freeway and is close to the airport. Many employers are nearby.Let me know if you are interested! |
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GREAT INVESTMENT - "CASHFLOWING" PROPERTY
Pete Newcome
707-799-5299/cell
San Rafael, CA
CA - DRE# - 01281179
http://wholesalepropsbypete.com
10-UNIT - 13-CAP - $250,000 - NOI - $34,052 - PHOENIX-AZ
1649 E. OAK ST. - PHOENIX-AZ
NET OPERATING INCOME - $34,052
(8) - 1/BDRM - (1) - 2/BDRM - (1) - 1.5/BDRM NET
1 Bedroom Units: # 1 Bedroom Units: 9; Avg Rent: 500; Avg SqFt: 500; # Baths: 1
2 Bedroom Units: # 2 Bedroom Units: 1; Avg Rent: 600; Avg SqFt: 650; # Baths: 1
Appliances Included: F/S Oven/Range
Easy to manage and maintain 10 unit property in Central Phoenix. 5 Duplex buildings on 1 parcel and block construction. NOT A SHORT SALE! NOT AN REO! CAN CLOSE QUICKLY! Located near the new Phoenix Children's Hospital, plenty of close schools, and shopping near by. Easy access to the 51 freeway, I-10 freeway, 202 freeway and public transportation. This property will bring in total rents of $61,800, less 10% vacancy $-6,810 so $55,620 per year. Then after total expenses of $34,375 the amount the investor would pocket is $21,245 NOI per year. This is a 8.50% CAP Rate return on investment based on a cash purchase.
POTENTIAL RENT INCOME - $72,000
- VACANCY/LOSSES - $-7,000
EFFECTIVE RENTAL INC. - $64,800
TOTAL OPERATING EXP. - $30,748
NET OPERATING INCOME - $34,052
