8816 N 6th Place Phoenix AZ 85020-6 Units-Stablized-Non Comforming (Call to define) $575,000

07-28-2019
07-11-2022

8816 N 6th Place, Phoenix, AZ 85020

- HIGHLIGHTS -   

• Over 100K in upgrades
• 6 Units w/ Tenants paying High Rents
• Master Metered
• Ceramic Tile or Laminate Flooring
• Modern Exterior Paint
• Air Conditioned Units
• Modern Cabinetry
• Additional Income from Laundry Room

 Easy Maintenance Landscaping

 

- DIRECTIONS -      

From Dunlap and 7th Street, go south on 7th Street to Townley. Turn west to 6th Place. Turn south and the property is on the west side.

Property Description

Look at the HIGH Rent Roll. FULLY occupied - Property Manager says it practically runs itself. There are 6 units collecting rent with laundry room income in place. In 85020 the prices are climbing, with a great rental market. This is a non-conforming property. Easy to insure. Newer roof, master metered, and easy to maintain landscaping. See the Doc tab for current financials and rent roll along with much more. This is a drive by only property but feel free to walk the property. Buyer to verify all facts and figures.

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
One Bedroom-One Bath 3 0 $ 0
Studio 3 0 $ 0

Key Property Information

Listing Status
Available
Multifamily type
Garden Style
Price
$ 575,000
No. of Units
6
Cap Rate
6.91%
GRM / GIM
9.57
Average Occupancy
100%
Year Built
1948
Building Size
1,602 Sq ft
Lot Size
5300 sq ft
No. of Stories
1
APN
160-49-080-A
Opportunity Zone
No
Buy Side Fee
3%
Price per unit
$ 95,833

Financial Details

Income/Expense Info
Actual
Financial Year
2022
Gross Income
$ 61,200
Effective Gross Income
$ 1,836
Operating Expenses
$ 17,320
Net Operating Income
$ 42,444
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33.56468, -112.066384

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