132 N 11th Ave., Phoenix, AZ 85007

Fantastic income producing property. 12% cap rate! Lot is zoned Multi-Family and has ample room to build additional buildings in the front. Utility hookups of water and electric supposedly are in the front of the lot to build. (Must verify with Phoenix Zoning Ordinances and history). Top unit rents for $400 a month and the bottom unit rents for $450 a month. Owner is responsible for paying water, trash, and sewer and tenants pay APS electric. Both units are remodeled with new tile floors, new paint, new remodeled bathrooms, new exterior paint, upgrades to electrical and plumbing and much more. Downstairs has washer dryer hookups! Location is ideal and close to everything. Located in the coveted Woodland Historic Neighborhood. Owner holds an Arizona Real Estate License.