Multifamily, 11 Units, 17% CoCR, Turnkey, $125K Under Market
Hot Phoenix Multifamily Property – Won’t Last Long
Don't be the one left out of this opportunity!
Well-maintained, solidly-build, multifamily garden low-rise Class B in historical well-kept, trendy, and upcoming neighborhood, minutes from downtown Phoenix. Between expected continued strong market appreciation in Phoenix, effective 100% occupancy, and rent upside, purchaser of this property can expect instant substantial increases in NOI and property value with continued appreciation years to come.
Cap rate of 6.5% compared to current Phoenix cap rate of 5.6%, providing an instant property value increase. Current NOI of $85K, with a rent upside that will increase NOI upwards of $32% to ~$125K, increasing the property value by $615K very quickly.
Contact me ASAP for details.