1555-1561 W. Peoria Ave, Phoenix, AZ
Multi-family for Sale - $278,000 - 2,904 Sq. Ft. on 12196 acres
Property Info
| CIMLS# | 753161 |
| Location 1555-1561 W. Peoria Ave Phoenix AZ 85029 | |
| Updated | December 23rd, 2014 |
| Type | Multi-family |
| Price | $278,000 |
| Building | 2,904 Sq. Ft. |
| Land | 12196 acres |
Property Description
2 Duplexes fully modernized in 2013 & 2014. Includes all kitchen appliances plus Washers & Dryers.1555 is a TOTAL REBUILD and is pre-leased with one year leases beginning October 1, 2014. 1561 is a Partial Rebuild and fully tenanted with tenants just completing their 1-year lease -- now month to month.
Location Description:
Situated on the residential access street parallel to the primary lanes of Peoria Ave. Mountain Views with Easy access to I-17 Black Canyon Hwy and Metro Center Mall. Bus stop in front of property on Peoria. Close to neighborhood schools.
Highlights:
>> 2 Mirror Image Duplexes
>> Fully Updated 2013 & 2014
>> 1555 is Total Rebuild and 100% Pre-Leased
>> 1561 is 100% Occupied with Stable Tenants
>> All Kitchen & Laundry Appliances Included
>> Bus Stop In Front of Property
>> Easy Access to I-17 Hwy & Metro Center Shopping & Restaurants
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Financials
Owner will NOT carry
Sales Info:
>> Cap rate: 8.71%
>> Commision split: 3.0%
>> NOI: $24224