This 3,400 sq. ft. individually metered fourplex offers investors a perfect blend of stable, immediate cash flow and substantial value-add potential. Consisting entirely of highly rentable 2-bedroom, 1.5-bathroom units (approx. 850 sq. ft. each), this property is designed for efficient management and maximum tenant appeal. Every unit features washer/dryer hookups… Read More and spacious outdoor patio area. Individually metered for both water and electric - because tenants pay their own water and electric, owner utility expenses are kept to an absolute minimum. Two units are currently occupied with long term tenants at market rates. One unit has been updated and will be vacated shortly. Read Less
Courtesy of ML CO Realty 602-957-0604
Listing Snapshot
Days Online
10
Last Updated
Beds
8
Year Built
1986
MLS Number
7099050
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Dishwasher, Refrigerator, Built-In Electric Oven, W/D Hookup
Building
Built in 1986, 1 building, Construction Materials: Wood Frame, Stucco
Community
No Pool
Cooling
Ceiling Fan(s), Electric
Disclosures
None
Expenses
Operating: $1,887
Floors
Tile, Carpet
Heating
Electric
Income
Gross Income: $59,280, Gross ScheduledIncome: $62,400, Net Operating Income: $55,000
Lot
Dimensions: 7320
Owner Pays
Landscaping
Parking
4 covered spaces, 2 open parking spaces, 6 total parking spaces, Off Street, Paved, Free, >1 Space Per Unit
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 136-07-357, Public Survey Range: 5E, Public Survey Section: 1, Annual Amount: $1,887, Tax Book Number: 136.00, Legal Description: LOT 4 NORTH GATE GARDENS UNIT 2 MCR 024244, Lot: 4, Year: 2026, Zoning: RM-3
Utilities
Water Source: Individual Meter, SRP, Individual Meter
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