16222 N 31st St., Phoenix, AZ 85032

NO HOA!!! Fully occupied, 8.01% cap-rate at current rents (12.79% cash on cash). Pro-forma can be raised to 9.16% (17.02%). Beautifully maintained, peaceful 4-Plex in an up and coming area. Close to the 51 & the 101. Units provide easy access to everything. This North Phoenix neighborhood has seen recent development with new condos and townhomes being built to capitalize on its central location. All units have new laminate in the living room & hallway. Fresh 2-tone paint inside & the exterior within last 18 months. Functional units with 1 master suite, large second bedroom and another full-bathroom. All units rented with long-term, strong tenants with active leases and security deposits. This is good cash flow with steady, above normal returns with low maintenance.