Wholesale Income property - 441 N. 31st Ave Pheonix, AZ 85009

441 N 31st Ave Phoenix, AZ 85009

 

BRAND NEW DEAL!

 

Wholesale Price: $259,000 (Financing in Place)

10 Units (2 2b/1b, 7 1b/1b, 1 studio)

All but one rented (tenant just moved out)

Gross annual income: $43,000

Net Annual Income: $27,687

 

16.6% Gross CAP RATE!!!

 

If you are looking for a sweet rental opportunity in Phoenix with a high CAP rate and a great return on your money, this is it! Generally deals with this type of potential are only available vacant and if you wish to purchase, you have to rehab and rent the property out yourself.

We have saved you all of the trouble here!! The property is already rented, so you don't have to worry about rehab costs or advertising to obtain tenants. Call us with any questions that you have. Rent rolls and copies of leases are available upon request.

Call me for details (623)237-2388

 

Wholesale deal - 4311 E. Earll Phx

Executive Summary:

4311 E. Earll is sitting in the Arcadia light area in the heart of the most desirable school district and just outside the Camelback corridor. This is one of the hottest markets in Phoenix and buyers are looking for modern move in ready homes.

The game plan is to open up the main floor plan, adding 800 square feet to the Master Suite and a 2 car garage. We have done all the heavy lifting. The plans have been approved by the City and are ready for pick up, and the house has been demolished. Potential for $100k profit!  See comps below.

Financial Details

Wholesale Price: $325,000

Rehab Budget: $180,000 (Contractor bid and plans available upon request)

Estimated After Rehab Value: $625,000 - $635,000

Property Details

Property Address:  4311 E. Earll, Phoenix, AZ

Square Footage: 2,086, expanded to 2,800

Lot Size: 9,827

Built: 1951

Bedroom: 4

Bathroom: 2.75