2429 W Vista Ave., Phoenix, AZ 85021

The four units are occupied by a non-profit organization that has signed a four year master lease at $2,200 per month. The tenant, who has occupied the property since 2007, is responsible for all utilities, repairs and maintenance including: A/C repair and replacement, appliance repair and replacement, landscaping & exterior maintenance, interior painting, and replacing carpet & vinyl. The owner has the following three expenses: real estate taxes, insurance, and the 2% rental tax. This is an ideal investment for an investor looking for a hands-off, maintenance free investment that generates over a 15% cash on cash return that can be purchased with residential financing. Must be purchased with 2431 W Vista Ave.