15 April, 2020
Price $145,000 / ARV $200,000
McDowell Road & 32nd Street
Triplex Cash Cow!
2 Buildings (3 separate units)
11,000 sq.ft LOT
East Phx triplex with 15% Cap Rate! All units currently rented bringing in total $2,600+ in income! Tenants are month to month and able to bump leases up and sign to long term contracts. This is great return on investment. Call/Text 602-492-6810 for more details.
Cap Rate: 15%
$29,640 Gross Income
$2,600 rents x 12 months x .95% vacancy = $29,640
29,640 x 25% expenses (insurance, taxes, maintenance)
= $7,410 total expense
29,640 – 7,410 = 22,230 Net Income
22,230 / 145,000 sales price = 15% Cap Rate
Wholesale Price: $145,000
After Repair Value: $200,000
1234 N 35th St, Phoenix, AZ 85008
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Cash, Hard Money only. Property comes in “AS-IS” condition. Buyer pays all closing costs and escrow fees.
Open escrow with $5,000 nonrefundable earnest deposit with a cashier’s check made out to our title company of choice.
Wholesalers + Realtors Please ADD your Fee before sending out. Price is NET to seller.
Buyer to verify all information as seller makes no claims or warranties expressed or implied. Buyer must perform due diligence and hold seller harmless.
Wholesale price is a “net to seller” price. No SPDS No Clue, As-Is sale. All properties are either owned or in an equitable title position selling or assigning an equitable title position, or in some cases is co-marketing real estate on behalf of its affiliates. NONE of the info above is deemed accurate and is for informational purposes only. Seller and its members or representatives make no guarantees concerning property condition, value, characteristics or financial benefits.