8842 2Nd Way, Phoenix, AZ 85020

2 Unit Apartment Building | $550,000 ($275,000/Unit) | 5.99% Cap Rate | Phoenix, AZ 85020

Asking Price $550,000

Property Type: Multifamily
Square Feet: 1,116 SF

Listing Contacts

Keith Grayson

Property Info

Property Overview

Fully renovated and leased duplex on an R-5 lot that grosses $36,000 per year in rental income. Both units are two bedroom and one bath. There are 2 separate buildings each with wood fenced yards and laundry. Each unit has new HVAC, vinyl wood floors, Spanish tile showers, new plumbing/electric, new water heaters, new roofing, R-38 insulation, new windows, quartz counters, stainless steel appliances, and fresh paint inside and out. Professionally managed with one year leases and deposits on file. Tenants pay their own electric.
Seller holds an active real estate license in the state of Arizona. Drive by only. Do not disturb tenants. Access upon accepted contract. Capital expenditures and current lease details can be sent upon request via Dropbox.

Property Details

Year Built/Renovated: 1973/2021
Stories: 1
Lot Size (sq. ft): 6,098 SF
Units: 2

Highlights

Long Term Leases

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