***BACKUP OFFERS BEING ACCEPTED*** FOR SALE BY OWNER!!! BRING ALL OFFERS!!!! ***PLEASE DO NOT DISTURB TENANTS, THEY ARE NOT AWARE OF SALE!!!*** Fully rented 5-plex near Phoenix College for sale. Four 1-bedroom, and one 2-bedroom units, all fully rented. Rent Roll: #1 - $500/mo + tax - 1 bedroom, 1 bath #2 - $500/mo + tax - 1 bedroom, 1 bath #3 - $450/mo + tax - 1 bedroom, 1 bath #4 - $500/mo + tax - 1 bedroom, 1 bath #5 - $600/mo + tax - 2 bedroom, 1 bath Gross Monthly Rent: $2,550 x 12 =$30,600/yr Expenses: Property Insurance: $1,300/yr (appx) Property Taxes: $1,100/yr (2012) Water & Sewer: $2,500/yr (appx) Total Expenses: $4,980 NOI: $25,620/yr this property STILL has upside in an improving market!!!! BROKERS PROTECTED. Steps to 2 elementary schools (Clarendon & Encanto), and 3 blocks from Phoenix College. Near the light rail, steps to Central Ave, Indian School & Thomas. Neighborhood Description Steps to Phoenix College, Indian School Rd. Central Ave & the light rail system.
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