2535 W. Missouri Ave Phoenix, AZ 85017

Description

6 Unit Property Zoned R-3
Each Unit is 910 SF
Each Unit is 2 Bed/1 Bath
Each Unit has W/D Hookup


Wholesale Price: $695,000
Price Per Bedroom: $57,917
Retail Price: $1.175 MM
Retail Price Per Bedroom: Between $114k and $199k/Bedroom

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Win-Win Transactions brings you another Incredible wholesale property located in Phoenix. Each unit is rented M 2 M for WAY below market value. Incredible value add/repositioning opportunity. The market rents for the area would exceed $1400/unit once they are renovated. Roofs are in good shape. Most HVAC's have been updated. All are working. The property is fully occupied with tenants (TENANT RIGHTS- DO NOT DISTURB THE OCCUPANTS). Contact John the set up access.

-Year Build: 1981
-Lot Size: 19,297 SF (Room to Add another 2 story Duplex)
-Water is on one master meter
-Each Unit is Metered individually for Electric
-Water ranges from $400 to $500 per month
-Trash is $96/mo
-Insurance $4415 per year


Contact John at 602-763-3955 for more information and access.



Favorable financing available for any property we sell. Inquire about terms and concession structure.
COMPARABLE SALES

1. 6718 N 23RD AVE. 6 Unit Multi (Four 2/1s and Two 1/1s). Sold for $1.170 MM on 1/10/24. $117,000 Per Bedroom
2. 2421 W GLENROSA AVE. 5 Unit Multi (Three 2/1's and Two 1/1's). Sold for $930,000 on 8/9/23. $116,250 per bedroom
3. 2608 W PIERSON ST. Fully Remodeled Fourplex(Four 1/1's). Sold for $799,900 on 2/16/24. $199,975 Per Bedroom
4. 6736 N 25TH DR. Partially Updated Fourplex (Three 2/1's and One 1/1). Sold for $795,000 on 10/9/24. $113,571 Per Bedroom

Additional Details

Listing #: 2117

Bedrooms: 0

Bathrooms: 0

Featured: Yes

Available: Yes