6731 N. 60th Ave Glendale, AZ 85301
3 units | $329,600
Upgrading and improvements will be required throughout.
3 Slump Block Cottages in Downtown Glendale.
All 2 bed/1 bath.
Front house is 784 SF, middle 594 SF, and rear 462 SF.
Look to be structurally in good shape, but will need improvements/finishing.
All separate electric, water & gas.
9,000 SF Lot w/ R3 Zoning. Built 1949 - 1971.
2831 E. Mobile Lane Phoenix, AZ 85040
Triplex | $341,000 | 1985
Two huge 3 bed/2 bath units, and a 2 bed/1 bath unit.
Highly appreciating South Phoenix area with many single family homes on same block.
Close to Downtown Phoenix, Tempe, the I-10, & more. Significantly upgraded inside/out with HVAC units & separate electric. Ample surface parking.
9928 E. Birchwood Mesa, AZ 85208
4 Units | $465,000 | 1988
4-plex in east Mesa include 4 large units with 2 bedrooms and 2 baths. Full-size washer and dryer in units. Units are well maintained, and 100% tenant occupied.
928 W. McDowell Rd Phoenix, AZ 85007
4 units | $639,000 | 1940
4plex with all 2 bedroom/1bathroom units (677 SF each). Hard to find 4 unit in Midtown near LRT, on the edge of the Encanto Historic District. Loads of charm circa 1940 build with attractive brick, off-street surface parking, courtyard, and more. Upgrades in last five years include tile flooring, kitchen cabinets, kitchen countertops, copper plumbing, glass block, & a few HVAC units. Partially fenced courtyard area & 1 parking spot/unit. Highest price ever for a 4 unit at time of sale in the 85007 area code next to Encanto per ARMLS!
82-98 W. Culver St Phoenix, AZ 85003
11 units | $2,000,000
Buyers ended up going with four residential loans (all did appraise).
Complicated Escrow because of the overall condition, very low rents, and minimal comps.
Lengthy marketing period.
Warehouse/Roosevelt District - Downtown Phoenix.
11 Units - 4 Buildings on the same block (not contiguous).
Three 2 bedroom units, seven 1 bedroom units, & 1 large studio unit.
1019 E. Tempe Dr | Tempe, AZ 85251
6 Units | $770,000 | 1955
Highly Sought After North Tempe Location near ASU & Old Town
6 units-All 1 bedroom units that are 448 SF. 100% occupied, most units on month-to-month 4 of the 6 unit substantially renovated. All new electrical system just completed. 4 of the 6 units have newer HVAC units. Excellent Value-add. Tenants pay electric, owner w/s, gas
2204 W. Vista Ave Phoenix, AZ 85021
3 units | $485,000
Sold for $224/SF or $161,666/unit!
Central Phoenix location on 15,660 SF lot (irrigated).
2 bedroom mix (718 SF each). One unit more recently remodeled.
All units have tile, washer/dryer, storage, surface parking.
Built in 1959, this is 2156 SF total.
412 N. 17th Dr. Phoenix, AZ 85007
4 units | $698,000
Sold for $263/SF or $174,500/unit!
Downtown Phoenix - Crossroads Van Buren/19th Ave.
Three - 1 bed units and One - 2 bed unit. Common courtyard area. No Parking.
Oakland Historic District. Cosmetic Upgrades.
Evap Coolers - No HVAC's, Wall Units only.
* This price is quite substantial, shattering any other 4 unit sale in the area.
1701 W. Vogel Ave | Phoenix, AZ 85021
8 Units | $615,000 | 1964
8 big one bedroom/bath units (525 SF) w/walk-in closets. Individually metered for electricity with HVAC units. Attractive corner lot. Long-term owner, self-managed. Value-add opportunity.
Avg. rent per owner is $500/unit. Tenant pays for electric. Set term leases. Some upgrades completed recently. Complex needs some upgrading to capture market rents.
260 W. 8th Ave Unit 26 | Mesa, AZ 85210
4 Units | $365,000 | 1985
Solid 4 unit in the heart of Mesa with all 2 bedroom units. Over 800 SF/units with tenant paid individually metered electric. Nice value-add opportunity. One unit remodeled and a few other upgrades in the last few years. Located within the Amberwood Manor complex. Within walking distance to CC/Main light rail station.
10641 N 15th Ave Phoenix, AZ 85029
Duplex | $274,000 | 1978
Duplex in N. Phoenix.
Each unit is a large 2 Br/1 Ba with huge carport, laundry/storage room, rear patio/private yard.
Each unit is 1,146 sf in total. Large fenced front yard on corner lot w/ 9,419 sf.
Separate electric w/ 2 HVAC units, 1 newer.
2728 N. Salem Mesa, AZ 85215
4 units | $650,000 |
Totally Remodeled 3432 SF 4 Unit
3 Large 2 Bed/2 Bath units, 1 2 BR/1 Bath. Rents - $4,000+/month, $48,000+/year
Owner-Occupied, Highly Stabilized, Clean. No financing contingency preferred
Close of Escrow to be after 2/21/2021. Rare to find a premium Mesa location & highly polished building 2 story building with private patios, surface parking. Some include W/D, & many more amenities. Rental ceiling is very high long-term,
6532 N. 59th Dr. Glendale, AZ
4 Units| $439,000 | 1949
Very generous sized units with wood post beam lofted ceilings & fenced patios.
Strong Glendale neighborhood within walking distance to the heart of Downtown Glendale.
One of the more preferred rental areas with owner-occupied houses on same block. Close
to a 7 CAP or better with market rents put in place. Long-term owner.
Solid unit mix with two 2's & two 1's. The 2 bedroom units are around 952 SF +/- & the 1
bedroom units are around 615 +/-.
9230 N 8th St Phoenix, AZ 85020
3 units | $460,000
Triplex in a strongly gentrifying area in the 85020 zip code of North Phoenix with tremendous long-term rental upside. Stacked washer/dryers with private back patios, two paved parking spots/unit, attractive open concept layout, security doors, newer windows, HVAC's, more! This is a true plug & play investment in excellent condition that really only needs a more aggressive market rent approach. Potential 6 CAP +/- with market approach.
104-108 S. 7th St. Buckeye, AZ 85326
6 Units | $325,000 | 1951
6 unit in the heart of Buckeye for $60,000/unit. Large 550 SF 1 bed/1 bath units spread out over three duplexes. Though there have been some upgrades, the property needs more renovation. Cash buyer preferred, offers considered. Two units are occupied at $640/$699 and in pretty good shape. The other four units are vacant and require renovation work. Separate electric/gas that is tenant paid.
2145 W. Mariposa St Phoenix, AZ 85015
3 units | $471,000 | 1984
Built in 1984, this attractive all 2 bedroom/1 bathroom mix offers an investor an excellent value-add.
All units have separate HVAC split systems with tenants paying electric.
Big 2 bedroom units (739 SF) have strong long-term rental upside. Paved parking in front. 2 units on 1st floor with 3rd unit on 2nd floor. Newer vintage is a nice bonus!
4819 E. Willetta St Phoenix, AZ 85008
4 units | $620,000
Four-plex with 2 buildings.
All 2 bed/1 Bath. 833 +/- SF 3332 +/- SF Total. 100% occupied M-T-M leases.
11,520 +/- SF Jumbo sized lot. 4 new HVAC Units just installed.
Built in 1960, R-3 Zoning. Ample Surface Parking.
Buckeye 28 Unit Assemblage:
209 - 223 5th Ave E Buckeye, AZ 85326
212 - 218 4th Ave E Buckeye, AZ 85326
802 E. Monroe Ave Buckeye, AZ 85326
28 Units | $2,400,000 | 1960
Sold 11-2020: $2,150,000
28 Unit Assemblage Buckeye, AZ
Assemblage requires significant immediate upgrades. Heavy lifting necessary.
Seller Financing - $1,666,250 1st position 6% Interest-only with a 2yr term w/ balloon.
$76,786/unit or $141/SF.
212 - 218 4th Ave E: 4 duplex's on 4 lots. All 2 br's/1 br's.- 8 total units.
209 - 223 5th Ave E: 6 duplex's on 6 lots. All 2 br's/1 br's - 12 total units.
802 E. Monroe: 8 units with 7 studios & one 1 bedroom (1/2 mile away).
Complicated Escrow with Wrap involved
Tough Sale - "remote location" & difficult to finance.
Told by numerous buyers/buyer agents that the assemblage was worth less than $2 mil.
On market for 11 weeks before escrow.
AZ based buyer & buyer agent.
Cali based seller who self managed.
818 W. Osborn Rd Phoenix, AZ 85013
3 units | $677,000
2 bed/2 bath, 2 bed/1bath, 1 bed/1 bath.
Large lot 9,799 SF. Directly across the street from major development w/ Sprouts. Remodeled 2014/2015 - 2328 SF Total. Built in 1955. R-4 Zoning
Separate Electric Metering w/ 1 Water Meter.
All information is deemed reliable, but is not guaranteed. The recipient should complete and rely on own due diligence. Cass Stephens. All Rights Reserved.
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