OFF-MARKET DEAL */ PHOENIX /MULTI-UNIT /22,050 SQ FT/$340 K

[Jennifer Coronado]

Property Address: 1301 W. Grant, Phoenix, AZ, 85007 Major Cross Streets: 15th ave and Grant Purchase Price: $340,000 DESCRIPTION: Property Type: MULTI-UNIT and Tavern APN: 112-11-061 Year Built :1948 Living Area:4506 SqFt Lot Size: 22,050 Sq Ft Zoning: [C -3] Multi Unit with detached Commercial Building use

Click Here for Photos

HIGHEST & BEST USE

• Repair and Increase rents for 4 units
• Repair and rent out Tavern
• Create Local Convince store or Restaurant

UPSIDE:

• No Bidding Wars
• Close to Freeways
• High Cash on Cash Return
• Near Down town
• 3 Parcels with separate parcel numbers for each lot

ARV: $490K

ESTIMATED REPAIRS: $50,000

RETURNS: 

BUY & HOLD

Monthly Rent :$5,050

Expense Ratio :35%

Gross Yearly Rent :$60,600

Net Yearly Rent :$39,390

CAP Rate ( Buy & Hold) :10.1%

Cash on Cash Return :16.22%

COMPARABLE PROPERTIES:

Link To CMA :
Property Address: 1346 W Grant Street
Sq Ft : 5900
Sold Price : Active at $650,000
Sold Date :
Property Address: 901 S 7TH AVE
Sq Ft : 924
Sold Price : 180000
Sold Date : 2/6/18
Property Address: 1736 W Sherman ( multi )
Sq Ft : 3000
Sold Price : 214900
Sold Date : 2/6/2017
Property Address: 1717 W BUCHANAN ST
Sq Ft : 1859
Sold Price : 220,000
Sold Date : 8/29/17

Location Highlights:

• Nearby Schools
• Near Freeways
• Near Major Attractions
• Central Phoenix Area

CLICK FOR MAP

ACCESS: VACANT / OCCUPIED
DO NOT DISTURB TENANTS. NO KNOCKING ON DOORS WALKING ON THEIR LAWN YELLING FROM CARS. PLEASE DO NOT HARASS OR DISRESPECT THEIR PRIVACY IN ANY MANNER WHATSOEVER!!

TERMS:

Earnest Deposit: $5,000 ( Cashier check made out to our title company)
Before Opening Escrow Buyer will be required to confirm the following:

• Reviewed photos and drove area
• Ran all numbers to confirm the deal works
• Provide Cashier's check

Inspection Period: 24 Hour Inspection before earnest deposit becomes non-refundable.
**AS IS Disclosure: Property comes in "AS-IS" condition. Buyer pays all closing costs and escrow fees.**

FILL OUT BUYER PROFILE!

Elijah Rubin
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WIIN INVESTMENTS LLC
1137 W Mcdowell Rd
Phoenix, AZ 85007
Cell (480) 217-2336
Efax: (602) 456-6545
[email protected]

http://www.wiinllc.com/