Solid 7-unit property in a great North Central location. 7.5% cap rate on current rents (16.3% cash-on-cash) & 8.3% cap rate on proforma rents (19.3% cash-on-cash). 6 2bed/1.5 bath, 2-story townhome style units W/good sized backyard. A 2 bed/1bath SFR with a large front yard, great for owner or management. Property has been repositioned over the last 2 years with new exterior & interior paint. New flooring and interior updating. Easy access to Downtown Phx, Central & Camelback corridor. Convenient to hiking, restaurants, and public transportation. Coin operated laundry for additional income and tenant convenience. Strong tenant interest in the surrounding area evident from the increasing rental markets and the new construction. Great opportunity with this low maintenance property.
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