3 Cashflow Props 10% CAP in PHX-Mesa $60K for one OR $275K Pckg

[Barry H.]

I am a long time Buy/Holder foregoing market appreciation because I am retiring from cashflow property ownership.   THREE (3) properties in the PHX Valley - all with longtime solid tenants who keep up properties like their own homes.  The LEAD property for this Ad.  Not sure if photos loaded with Ad - if you are a serious Buyer, I can e-mail up to 22 Photos to you:

A)      5324 W Belleview PHX 85043 (1st 12 photos)

3BR/1.5BA 1005 SF Lg Patio (Assessor inspected and added 1/2 BA and Uncov Patio - will record 2018 but I have docs to support)

This was a 100% Ground up Remodel in December 2015.

$ 60K Investor ($67K Retail if vacant/clean)   Tenant 2 Yrs Rent $820/Mo (currently)   

Taxes/Ins = $600/Yr HOA = $1620 Annual Repairs (Avg) $300

CAP:   $9840 - $1920 = $7920 NET / $60K = 13.2%  CAP

B)  600 S Dobson #201 MESA 85202 * 

3BR/1.5BA 1005 SF Lg Patio (needs new bottom flooring and maybe Kitchen Cab repaint with new knobs etc - NEW 1/2 Bath in 2013) $95K Investor ($115K Retail if vacant/clean) Tenant 5 Yr Rent $950/Mo (currently)Taxes/Ins = $600/Yr HOA = $2160 Annual Repairs (Avg) $180 CAP:   $11,400 - $2940 = $7860 NET / $95K Purch = 09% CAP

*  This is the EXACT same floorplan as Prop A - located 20 miles away - same original builder - so no photos included for this property.  

C)  536 1st Ave MESA 85210 (last 10 photos)

3BR/2BA 1100 SF Lg Yard

(new patio roof, new water heater and new tile flooring throughout)

$120K Investor ($135K Retail if vacant/clean)

Tenant 6 Yrs Rent $1000/Mo (currently)Taxes/Ins = $800/Yr Annual Repairs (Avg) $320

CAP:   $12,000 - $1120 = $10,880 NET / $120K Purch = 9.5% CAP

Approx $275K total (Investor pricing) vs about $307K if I list them on MLS.  At $275K Acquisition, yields 10% overall CAP Rate and 20%-30% appreciation in next 2-3 years for a Flip profit.

I would consider selling one at a time, but prefer to sell as a package so there is one escrow. My friend/agent would only like to be involved once since this is all off-market and he makes very little on the deal. Let me know if you are interested and can show proof of funds (POF). If so, put your offer in writing (E-mail address below) with POF.  NO Seller Financing available.  

Thanks for lookin !!   SERIOUS BUYERS ONLY   [email protected]  (Bear)