BUILD-FOR-RENT PORTFOLIO INVESTMENT OPPORTUNITY - 22 Units offered 2017 build and Q2-2018 100% occupied. 18 - 3 bed 2.5 bath 1,850 sq ft, with 2 car garage. 4 - 3 bed 2.5 bath 1 car units 1,650 sq ft.Tenants pay all utilities. An investment with $359,000 NOI! New build means no major capital expenditures for 7-10 years. Also, units are platted as single family attached, so re-sale potential in 5-7 years can add significant residual return. Area is exploding with new infill and national builders in the area like DR Horton selling-out their infill communities. Units are close to shopping, employment, entertainment, restaurants and transportation corridors.
Off market
Zestimate®
$621,600
2030 N 36th St, Phoenix, AZ 85008
--beds
0baths
--sqft
MultiFamily
Built in ----
-- sqft lot
$621,600 Zestimate®
$--/sqft
$1,612 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Heat pump
Appliances
- Included: Dishwasher, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Tile, Carpet
Property
Parking
- Parking features: Garage - Attached
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Utilities & green energy
- Electric: Individual Meter, SRP
- Sewer: Sewer - Public
Community & neighborhood
Location
- Region: Phoenix
Other
Other facts
- Ownership: Fee Simple
- Community Amenities: No Pool
- Electric: Individual Meter, SRP
- Exterior Amenities: Desert Landscaping
- Heating: Electric
- Interior Amenities: Mini Blinds, Fire/Smoke Alarm(s), Unfurnished
- Parking: >1 Space Per Unit, Garage, Auto Door Opener
- Project Type: 13 - 24 Units
- Sewer: Sewer - Public
- Water: City Franchise
- Sale Includes: Land & Building
- Construction: Frame - Wood
- Const - Finish: Painted, Stucco
- Appliances Included: W/D Hookup, Disposal
- Owner Pays: Landscaping
- Tenant Pays: Electric, Water, Trash
- New Financing: Conventional, CTL, Affordable Housing, 1031 Exchange
- Source of Fincl Data: Projected Proforma, Books Shwn Accpt Ofr
- Tax Municipality: Phoenix
- Elementary School: Creighton Elementary School
- High School: Camelback High School
- Jr. High School: Creighton Elementary School
- Ownership: Fee Simple
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Estimated market value
$621,600