525 S 2nd St Avondale AZ 85323 Income Property!

    6 Units in Avondale For Sale – Great Investment! 9% CAP Rate

    Front photo 525 S 2nd St Avondale AZ 85323

    Purchase Price: $150,000

    Estimated Cash Flow Based on Current Occupancy

    30% Down:  $45,000    Annual Cash Flow:  $4,279    Cash on Cash Return:  9.51%

    100% Down:  $150,000    Annual Cash Flow:  $13,524   Cash on Cash Return:  9.02%

    NOI: $13,524

    Cashflow 252 S. 2nd st at current occupancy

    1,968 total livable Sq Ft
    Year Built: 1970

    Description:  Property consists of 2 Tri-Plexes containing 6 total units. 4 – 2bed/1bath units and 2 – 1bed/1bath units. Tenants pay electric and all units are individually metered. Owner pays water, trash, and landscaping. All tenants are month to month. Great cash flow opportunity!

    Current Occupancy: 2 units are vacant

    Property taxes for 2014: $1553
    No delinquent taxes

    Average Rent
    1 bed/1bath, 528 sq ft at $390
    2 bed/1 bath, 720 sq ft at $500

    Estimated Cash Flow Based on Full Occupancy with improvements $20,000

    30% Down:  $45,000    Annual Cash Flow:  $4,279    Cash on Cash Return:  9.51%

    100% Down:  $150,000    Annual Cash Flow:  $13,524   Cash on Cash Return:  9.02%

    NOI:$24,084

    Cashflow 252 S. 2nd st at Full occupancy

    To find our more: Click to Ask an Agent or Call Randy at 602-352-3600 to purchase this property.

     

     

     

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