2201 E Cactus Rd - Apartments CONDO FOR SALE


Phoenix, AZ 85022- North Mountain
$1,400,000 USD
623-257-1579
2201 E Cactus Rd, Phoenix, AZ for Sale
$1,400,000 USD
Apartments CONDO - FOR SALE
1/52
null | 6.5% Cap Rate

2201 E Cactus Rd
Phoenix, AZ 85022
North Mountain


OVERVIEW

New Offers to consider: All cash deal with discount, 30% down and I will finance the balance at zero percent interest with a balloon in 3 years. 20% down and I will finance the balance at 4% interest with a balloon in 3 years. 10% down and I will finance at 5% interest with a balloon in 3 years. 30 Year amortized with I/O payments (Buyer required to pay for taxes and insurance that is escrowed). The tenant does rental arbitrage between short-term, month to month and long term subleases and covers all expenses and willing to sign a new 3 year lease. This investment is turn key revenue with tenant which manages 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. Unit is near the TSMC project that is bringing huge volume of jobs to Phoenix.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$472 USD /SF

CAP RATE

6.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

18%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seller Financing Available - MF-5 Plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

3,200 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

M-M

APN/PARCEL ID

166-26-004

ASK ABOUT THIS PROPERTY

Bill DubielValue Creation, LLCMore Info
623-257-1579

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Bill DubielValue Creation, LLCMore Info
623-257-1579

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.