Turnkey, updated, and stable investment opportunity! Built in 2003, these 4 fully occupied duplexes (8 total residential units) have been very well updated and maintained. The current annual gross rental income from all 8 units is $175,000. Each (half duplex) unit has 3 bedrooms, 2 bathrooms, an attached 2+ car garage, stainless steel appliances - including dishwasher and built in microwave, modern updates and layouts. Roofs, windows, and patio doors were replaced in 2022. Tenants pay the gas, electricity, and water utility bills. This is currently a very low maintenance, turnkey asset that has great upside and long-term benefits. It currently sits at a 6.2% cap rate, and projects to a 7+% cap after rent stabilization. Reach out to an agent for more detailed income and expense information, and for viewing times.
802594
Duplex, Multi-Family, 1 Story
24
Lake
16 Full
2003
0.26
Acres
Public
1
Public Sewer
1,240
Sq. Ft.
Maricopa Point of Sedona
Bathrooms
16
Total:16
Detailed Room Information
- Laundry
- In Unit, Main Level
Interior Features
- Square FootageAbove (approx)
- 1,240 Sq. Ft. Above Ground. Sq. Ft. Below Ground.
- Appliances
- Dishwasher, Dryer, Free-Standing Gas Range, Microwave, Refrigerator, Washer
- Flooring
- Tile, Carpet
- Cooling
- Central Air
- Heating
- Gas Heat. Forced Air.
Exterior / Lot Features
- Parking
- 2.5 Garage Spaces. Driveway, Paved.
- Patio
- Patio
- Roof
- Asphalt, Shingle
- Additional Exterior/Lot Features
- Rain Gutters. Level.
Financial Considerations
45-12-29-227-003.000-030
$28,403
Cash
Arrows indicate 90 day trend
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