Seller financing available for this high rent/low expense property! Annual NOI is $67,272 when fully rented. 4 x 2bdrm/1bath renting for $1100/mo. 2 x 1bdrm/1bath renting for $825-850/mo. 1 x studio renting for $761/mo. Currently have 1 vacancy that are in the process of being rented out. (2b/1 & 1b/1b). All utilities are in tenants names except water and trash. Landlord bills tenants $50/mo for water and trash. Other expenses include: taxes and insurance (727.23/mo). Property management (10%/mo). Pest control $105/mo. Fully remodeled 7-unit apartment building. Units have been renovated with new cabinets, countertops, appliances, paint light fixtures, ceiling fans, and more! Range price of $700,000-$775,000. Low end of range for cash offers and high end for financed.
Listing courtesy of Realty Executives Arizona Territory. Selling Office: New Western.
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