Property Overview:

Type: Multi Family Residence

7 unit apartment

All MTM tenants

1/1 - $1,350

1/1 - $1,000

1/1 - $950

1/1 - $950

2/1 - $1,450

2/1 - $1,150

2/1 - $1,550

Total Monthly income: $8,400

Insurance - $5,800

Electric - $7,000

Water - $5400 (Avg.)

Taxes - $853

Repairs and Maintenance – $4,000

Gas - $650 Avg

CAPEX Report:

New electric panels on #1 and #2.

COE: 11/28

EMD: 10k

Title: Magnus Title AZ

All breakers updated on units 3-7 in Nov 2023

All new plumbing water lines pex and copper in Nov 2023

New sewer lines up to the property line.

All new floors in each unit in nov 2023

All new bathrooms in each unit built in nov 2023

2 HVAC on #1 and #2 is 4 years old.

Units 3-7 all have multiple mini splits units installed 2023-2024

Roof was inspected per insurance and has a certificate of being in good condition.

Remember, you miss 100% of the shots you don't take, so don’t hesitate to submit that offer!  

Call Today at  602-638-2960

All feedback is welcome! All reasonable offers will be considered! Need to Sell a Deal?

Disclaimer:

House is being sold as-is, and the buyer is to pay all closing costs. 5,000 EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.

The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.

Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.

REALTORS:

If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.

WHOLESALERS:

If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.