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Updated over 5 years ago on . Most recent reply
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Looking for apartment owners in Phoenix
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Beware @Ben Leybovich is on the prowl for 4 plexes in AZ now ... but no need to worry you can compete with Leybovich @Carlos Gonzalez. Ben only buys what does not exist and he can't buy everything:)
In all seriousness, a worthwhile 4plex in Maricopa county does not exist on the MLS or from a wholesaler. You will need to create that deal. Also, beware of the older, small studio/1 bd 4plex setups near downtown. Transient tenants w very little room for rent growth. Small multifamily is generally a tough play at anything close to retail there will be no real cash flow. You would need to buy a very specific type of asset. I'd consider staying w SFR stock or looking at Pima and Cochise county. Maricopa county is no longer the most viable cash flow market, equity and appreciation maybe but cash flow is difficult to source.