BULK SALE OF NEW CONSTRUCTION PHOENIX URBAN INFILL PROPERTIES! This sale also includes property at 1240 North 28th Place (APN# 121-74-126) This offering is for a total of 7 fully leased units at a cap rate of 7.6%. The 11th St property was completed in 2014 and the 28th Pl property in 2015. Each lease has a 1 year minimum lease period. Tenants pay all utilities. Both properties have low maintenance landscaping, no grass, and only artificial grass. New construction means low repair costs as well. NOI is calculated at $90,698.00!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
