Additionally, the property is strategically positioned within a larger development vision, which includes building 12 patio homes and two duplexes on adjacent land, further increasing the long-term value and income potential of the investment.

Despite the closures, Phoenix's retail sector remains strong, supported by robust demand and limited new construction.

They have stepped in to cover repairs for me, pressured mngt to do the same, introduced me to other PM teams that would perform better, shared multiple resources with me to assist with the sale of the properties and have spent ample time helping me strategize overall about what to do with these properties.

Any amount over your adjusted basis in the property (initial cost minus depreciation) could be subject to capital gains tax unless you reinvest it strategically.2. 1033 Exchange (Involuntary Conversion): A 1033 exchange (involuntary conversion) is specifically designed for situations like fire, natural disasters, or eminent domain.

For more robust options I would look at a Buildium, appfolio, and Yardi..

Your conservative approach to estimating income provides a solid buffer, and the strategic location adds a layer of security.

Established over 40 years ago, NCREIF serves the institutional real estate investmentcommunity as its Data Central, representing the largest, most robust and diverse database of country-specific real estate assetsin the world.

Leveraging strategic market appeal, we turned it around the same day, securing a sale at $160,000.

Our strategic improvements and targeted marketing paid off, resulting in a successful sale on 10/25/2024 for $260,000.

Now, my focus is on building a strong portfolio, deepening my industry knowledge, and creating generational wealth through strategic investments.Welcome to the area!