4020 S 15th St., Phoenix, AZ 85040

This building was built in 2007 with all the current building codes and permits from the city of Phoenix. Each unit is a 3 bedroom 2 ½ baths and approx. 1,200 sqft. Unit #1 tenant has been there for 7 years and is month to month. Unit #2 has a new tenant and is on a 1 year lease. The lot is approx. 10,500 and is zoned R-4 and could take more units. The building is in great shape and been easy to rent and rents quickly. Very little owner expenses, no house water meter, no house electrical meter, just taxes $671 and insurance $500 annual. Total annual operating expense is $1,171. Gross annual rent income is $18,768. This is a good “Buy-it & Leave-it alone” deal. This is approx. a 9% ROI. Financials are available upon request. The Seller is the builder and only 1 owner.