2946 E Cheery Lynn Rd, Phoenix, AZ
Others for Sale - $435,000 - 1,945 Sq. Ft. on 0.2 acres
Property Info
| CIMLS# | 856142 |
| Location 2946 E Cheery Lynn Rd Phoenix AZ 85016 | |
| Updated | November 30th, 2016 |
| Type | Others |
| Price | $435,000 |
| Building | 1,945 Sq. Ft. |
| Land | 0.2 acres |
Property Description
Property available for sale at $435,000. Property fully leased. CAP Rate of 10.35% with Annual NOI of $45,005
Location Description:
Located in residential area West of SR-51 and North of East Thomas Rd in Phoenix. Close proximity to AZ-51, Loop 202 and I-10 Freeways. High density population exceeding 148,000 in 3-mile radius.
Highlights:
>> Excellent Investment Opportunity for Free Standing Day Care/Preschool Building
>> CAP Rate of 10.35% with Annual NOI of $45,005
>> 100% Leased to Genesis Day Care until End of August 2020
>> Located in Well Established Residential Area with High Density Population
>> Close Proximity to AZ-51, Loop 202 and I-10 Freeways
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