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Updated almost 11 years ago on . Most recent reply

User Stats

52
Posts
12
Votes
Patrick O'Sullivan
  • Real Estate Broker
  • Phoenix, AZ
12
Votes |
52
Posts

Phoenix, AZ Off market wholesale 12 unit property - $210,000

Patrick O'Sullivan
  • Real Estate Broker
  • Phoenix, AZ
Posted

Cross Street: 24th St and Roosevelt

There is opportunity through re-positioning and stabilizing the asset to increase it's value. At $210,000, this represent a significantly reduced price. I can also recommend a couple good renovation teams if you are in need of that. Since it is vacant and no financials are available, terms are cash or hard money.

The property is currently vacant, boarded up and needs rehab. Rents in the area are in the unit mix below. Inspections will be scheduled in the next week or so, let me know if you are interested in attending and I can let you know when it is.

Unit Mix

(8) Studios, Market Rent $350/mo

(2) 1BD/1BA, Market Rent $400/mo

(2) 2BD/1BA, Market Rent $475/mo

Gross Monthly Potential Income: $4,550

I can send photos and more information to those that inquire.

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