Remarks

Single level 4-plex in the heart of Phoenix with long-term tenants, and room to build up to 6 additional units (Per the city). The tenants have all lived in the 2-bedroom 1-bath units a minimum of five years and keep the environment very livable. Walking distance to downtown, the new Phoodery, and schools. Rents are currently $4,700 per month. However, notice has been given that will soon raise rents to $5,150 monthly. The return is great and the opportunity for additional units makes this a smart value. DO NOT disturb tenants please. Buyers are encouraged to perform their own due diligence regarding adding more units.

Details

MLS#: 220195164
Price: $770,000

Style: Ranch
Year Built: 1966

County: Jackson
Subdivision: N/A
Tax Fee: 4988.08

School Elementary: Phoenix Elem
School Middle: Talent Middle
School High: Phoenix High