Four-unit income property with in-place rents of $61,287 annually and low operating expenses.
The unit mix of (1) studio, (1) 1BD/1BA, and (2) 2BD/1BA was comprehensively updated to modern standards throughout: new flooring, cabinetry, countertops, walk-in showers, and stainless steel appliances. The studio was taken down to the studs and completely rebuilt, making this the rare turnkey asset with no deferred maintenance and a long capital expenditure runway across all four units.
All units are individually metered for electricity, water, and gas — keeping operating costs exceptionally low and NOI clean.
For the VA or FHA buyer: this property qualifies for owner-occupied financing on up to 4 units. Occupy the studio while your three tenants cover your mortgage. With VA financing, you're in with minimal cash out of pocket and effectively living rent-free in one of Phoenix's most walkable, in-demand urban corridors — minutes from Downtown, dining, and employment.
For the investor: turnkey acquisition, strong cap rate, no renovation pipeline, individually metered utilities.
Rent roll and financials available upon request. Please do not disturb tenants unless you have an appointment scheduled.