''Welcome to 14 on Eleventh. This 2016 remodel sits atop 2 parcels in the heart of Phoenix, just a few blocks from the 7th Street Corridor, intersecting Indian School Rd. French doors lead to private yards or open to the resurfaced pool, grill, custom-built gazebo, fireside, and corn hole game. New windows, sandblasted brick, and a recently updated roof modernize this midcentury, garden-style gem. These all 2 bed/1bath include stackable washer/dryer, quartz countertops, subway backsplash tile, stainless steel appliances with ranges, and ceramic plank flooring. Each unit has a covered parking stall, and ample street parking is available. Individually metered for electric. A RUBS is incorporated into each lease ($25-50 per unit) for utility cost recovery. Market rents are $1250-1300. Current rents are 1000-1250. Almost a 6% cap on proforma All facts and figuers are approximate buyer verify MLS information Seller is also willing to carry back and must qualify for the current loan assumption of 1.4 million. Current Loan assumption is 4.3% 30 year amortization fixed for the next 4 years. 1 % loan assumption fee. Buyer must also qualify for the loan and carry back.
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