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Cap Rate: 12.3% (after taxes + insurance)
ARV: $485k
- 4 units, 2,244 Sq ft total
- 1 bed / 1 bath each unit
- 2 units are vacant
- Rented units are $750 & $1,050
- Built in 1964. 7,024 Sq ft lot.
- 2 gas meters, 2 electric meters, 1 water meter
- $1,058.86 annual taxes
COMPS (WITHIN 1 MILE):
1513 W TAYLOR AVE, PHOENIX SOLD $240K: 1/1 UNIT DUPLEX
928 W MCDOWELL RD, PHOENIX SOLD $639K: 2/1 UNIT 4-PLEX
1301 W MCDOWELL RD, PHX SOLD $700K: 5-PLEX (1/1 AND 2/1 UNITS)