2610 24Th St, Phoenix, AZ 85008
3 Unit Apartment Building Offered at $1,450,000 at a 5.35% Cap Rate in Phoenix, AZ 85008
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 20 days
Asking Price $1,450,000
- Property Type
-
Multifamily
- Square Feet
- 2,194 SF
Listing Contacts
Linda Gerchick
- Property Info
Property Overview
2610 N 24th St, Phoenix, AZ 85008-Triplex Master Leased to Successsful Sobriety Company
The Property
?? **Investment Opportunity in Phoenix, AZ – Master Leased Triplex**
Welcome to 2610 N 24th St, Phoenix, AZ 85008 – a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it’s a gateway to consistent passive income and peace of mind.
**Key Features:**
?? **Master Lease with an Alcohol Sobriety Company:** The property is master leased to a reputable alcohol sobriety company, ensuring a steady stream of income. With the tenant bearing all expenses except property insurance and taxes, you can enjoy hassle-free ownership while maximizing your returns.
?? **Lucrative Lease Terms:** The lease agreement secures a monthly income of $6,500, with a 5% rental increase annually, guaranteeing growth in your investment over the three-year lease period.
??? **Exceptional Amenities:** Step into a tranquil oasis boasting an amazing courtyard adorned with a spa, BBQ area, firepit, and a putting green. This meticulously designed space enhances the property’s appeal and ensures tenant satisfaction.
?? **Tasteful Decor and High Success Rate:** Every detail of this property has been carefully curated, offering a tastefully decorated environment that contributes to its high success rate. Experience the simplicity of investing with a property that not only meets but exceeds expectations.
**Why Invest Here?**
?? **Stability and Convenience:** Enjoy the simplicity of investing with a property that offers stable returns and minimal management requirements. With the tenant handling most expenses, you can focus on reaping the rewards of your investment effortlessly.
?? **Residential Loan Eligibility:** Unlike many commercial properties, this triplex is eligible for residential loans, making financing more accessible and convenient for potential investors.
?? **Verify and Secure Your Investment:** While we provide you with comprehensive details, we encourage potential buyers to verify all facts and figures to ensure confidence in their investment decision.
Don’t miss out on this exceptional opportunity to secure a prime investment property in Phoenix, AZ. Whether you’re a seasoned investor or just starting, this master leased triplex offers simplicity, stability, and significant potential for growth.
Contact us today to learn more and take the first step towards building your investment portfolio!
*Disclaimer: Buyer to verify all facts and figures. Investment decisions should be made after thorough due diligence.*
The Property
?? **Investment Opportunity in Phoenix, AZ – Master Leased Triplex**
Welcome to 2610 N 24th St, Phoenix, AZ 85008 – a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it’s a gateway to consistent passive income and peace of mind.
**Key Features:**
?? **Master Lease with an Alcohol Sobriety Company:** The property is master leased to a reputable alcohol sobriety company, ensuring a steady stream of income. With the tenant bearing all expenses except property insurance and taxes, you can enjoy hassle-free ownership while maximizing your returns.
?? **Lucrative Lease Terms:** The lease agreement secures a monthly income of $6,500, with a 5% rental increase annually, guaranteeing growth in your investment over the three-year lease period.
??? **Exceptional Amenities:** Step into a tranquil oasis boasting an amazing courtyard adorned with a spa, BBQ area, firepit, and a putting green. This meticulously designed space enhances the property’s appeal and ensures tenant satisfaction.
?? **Tasteful Decor and High Success Rate:** Every detail of this property has been carefully curated, offering a tastefully decorated environment that contributes to its high success rate. Experience the simplicity of investing with a property that not only meets but exceeds expectations.
**Why Invest Here?**
?? **Stability and Convenience:** Enjoy the simplicity of investing with a property that offers stable returns and minimal management requirements. With the tenant handling most expenses, you can focus on reaping the rewards of your investment effortlessly.
?? **Residential Loan Eligibility:** Unlike many commercial properties, this triplex is eligible for residential loans, making financing more accessible and convenient for potential investors.
?? **Verify and Secure Your Investment:** While we provide you with comprehensive details, we encourage potential buyers to verify all facts and figures to ensure confidence in their investment decision.
Don’t miss out on this exceptional opportunity to secure a prime investment property in Phoenix, AZ. Whether you’re a seasoned investor or just starting, this master leased triplex offers simplicity, stability, and significant potential for growth.
Contact us today to learn more and take the first step towards building your investment portfolio!
*Disclaimer: Buyer to verify all facts and figures. Investment decisions should be made after thorough due diligence.*
Property Details
- Year Built/Renovated
- 1937/2022
- Stories
- 1
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 3
Highlights
- NNN Lease in place for three years
- Heated Spa, Putting Green, Miniature Golf Fire Conversation Pit
- Quartz Counter tops w/Stainless Steel Appliances Wood Grain New Tile Floors
- Only expenses for the owner is Property Taxes of $541.00 Sobriety Home Tenant
- Remodeled in 2023-Very Private Three Casitas-website and trademarked name convey
- Residential Financing Available Do not need Property Management
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