12 units 940k - seller carry - 77k down - 3% 30yr/am 4yr balloon

[Dovid Staples]

A group of 4 Triplexes in Phoenix AZ. All are adjacent to each other to form it's own little complex. All are cookie cutter identical opening up the possibility of turning into a group home, senior living, or just keep as rentals. Fencing around the apartments. Parking lot. Currently being repainted.

Cross Streets: Indian School/23rd Ave (North East)

Year Built: 1963

Unit mix: 12 2bed/1bath. Private patios, yards, storage rooms.

Unit Size: 900 sq ft

Lot size: 33,104/sqft 0.76/acre (total)

Tax: 954 (on each lot)

Rents: 650-695

Average rent in the area: 680

Average median rent in the area: 695

Per door price of this property: $78,333

Average per door sales in the area (3 month comparable [3 sales]): $92,650

Average per door sales in the area (6 month comparable [5 sales]): $106,090

Water: Master metered on each building (you could just install the RUB system)

Electric: individually metered

Terms: 940k. 75k down. Seller carries the balance on a 4 year balloon, 3% interest on a 30 year amortization schedule.

Please message me if interested