508 N 9th Ave., Phoenix, AZ 85007

This investment consists of four red-brick historic townhomes located just off Grand Avenue in the Triangle neighborhood, within walking distance of downtown. Each unit includes a private rear yard and full side-by-side laundry. The interiors feature eat-in kitchens with solid wood cabinets, granite countertops, stainless steel appliances, gas ranges, and oversized tub sinks. Units also feature vinyl plank flooring, central AC, double-pane windows and 55 inch TVs. The property is offered at a 5+ cap rate based on current actuals with long-term residents in place. New approved development across the street offers additional future value.