2201 Cactus Rd, Phoenix, AZ 85022
2,880 SF Flex Condo Unit Offered at $1,700,000 in Phoenix, AZ 85022
For Sale
Active
52 pictures
Asking Price $1,700,000
- Property Type
-
Multifamily
- Square Feet
- 2,880 SF
Listing Contacts
Bill Dubiel
- Property Info
Property Overview
Open for seller financing options that allow the ability to bridge later to a cash out refinance DSCR loan. 10% down 6% interest only, 15% down 5.5% interest only, 20% down 5% interest only. NOI is $102K/YR. This is a lease with corporate tenant doing Airbnb arbitrage. They cover all expenses.. Corporate tenant is open to adjust the lease if new owner would like to do it themselves after the deal is closed. This investment is turn key revenue with tenant which manages and pays for everything. No vacancy, pays every month on time, no property mgmt required, no maintenance, no dealing with utilities, no head aches just easy cash flowing investment.
Property Details
- Class
- C
- Year Built
- 1971
- Lot Size (sq. ft)
- 8,276 SF
- Units
- 1
All available spaces
- Space
- Unit 1,2,3,4
- Size
- 2,880 SF
- Price
- $1,700,000
- Space Subtype
- Multifamily
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