Photo 1 of 1
$762,500
Sold on 5/10/18
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,782 |
1963 |
|
On the market:
51 days
|
View full details, photos, school info, and price history
SELLER PREFERS A CARRY BACK OFFER: 11 TOTAL UNITS in 2 buildings located in Mesa Arizona. Fresh painted buildings fully occupied with new roofs that were installed in 2015. Rents are EXTREMELY LOW, majority of the tenants are on month to month leases willing to sign extensions. Easily 10%+ CAP RATE. We have multiple fosters, churches and housing assistance companies constantly looking for units for rent in this area. These two buildings are within miles to 60 freeway, Mesa Community College, EVIT and 202 freeway red mountain. Units Included: (1) 2BR/2BA (6) 2BR/1BA and (5) 1BR/1BA. Don't miss an opportunity to own two great buildings with 11 units occupied by great tenants. Lots of great ways to make more income on this cash cow like ADDING A COIN OPERATED WASHER DRYER FOR THE TENANTS. SELLER CARRY TERMS ARE 20% DOWN, 7% INTEREST RATE, 30 YEAR AMORTIZED LOAN, 10 YEAR PREPAYMENT PENALTY OF THE INTEREST THAT IS DUE.
Listing courtesy of Ephrem Jando, RE/MAX Solutions