Phoenix Fourplex
Phoenix, AZ 85051
- FOURPLEX
- Price $190,000
- Units 1,2 & 4 have been fully remodeled including granite countertops
- Unit 3 has lower rent because they help with irrigation/landscaping and misc. repairs
- Units 1 & 2 were built in 1966; Units 3 & 4 were built in 1973
- Owner does not pay gas on 1 & 2 because they have A/C
- Owner pays water for all units
- Extra income to owner via Coin Op Laundry between units
- Water Bill for all units & Laundry is approx $120 - $140 a month (Trash service included)
- Gas for units 3 & 4 is about $20 a month
- Taxes are approx $1149 a year
- Insurance is $1200 a year per duplex = $2400 a year for entire property
- Rent and Leases are as follows:
- Unit 1 - $625 - Month to Month
- Unit 2 - $525 - Year lease till June 2016
- Unit 3 - $400 - Month to Month
- Unit 4 - $475 - Month to Month
- Total in Rent each month is $2025
- Gas ($20) / Water ($140) / Tax ($95.75) / Insurance ($200) = $455.75/month
- Cap Rate = 9.9%
- ::Pictures::
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Offering