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1138 E Mckinley St
Phoenix, AZ 85006
Recently Sold: $125,000
Zestimate®: $129,300 A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more
Est. Mortgage:
$449/mo
| Beds: | 8 |
|---|---|
| Baths: | 4 |
| Sqft: | 2,640 |
| Lot: | 6,875 sq ft / 0.16 acres |
| Type: | Single Family |
| Year built: | 1985 |
| Last sold: | Feb 2012 for $125,000 |
| Parking: | -- |
| Cooling: | |
| Heating: | |
| Fireplace: | -- |
Complete info: http://1138emckinleyst.ePropertySites.com - NOT A SHORT SALE OR REO. QUICK RESPONSE. This is a 1985 block-constructed building that has just been rehabbed and consists of four 2-bedroom apartments. Vaulted ceilings in the living room give these units a spacious feel and each has a laundry hook-up. Units are individually metered and in excellent condition. Exterior upgraded with new fencing, landscaping, and paint. This property will bring in total rents of $23,880 less 10% vacancy $-2,388 so $21,492 per year. Then after total expenses of $8,857 the amount the investor would pocket is $12,635 NOI per year. This is a 10.11% CAP Rate return on investment based on a cash purchase. 100% Occupied - DO NOT DISTURB TENANTS. Tenants' Rights Prevail. Property sold in As-Is condition. Interior inspection available for Occupied Units after contract acceptance. Listing information to be verified by Buyer and not guaranteed by Listing Agent or Seller.…More Less
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