Wholesale Price $489,999

Crismon Road & Broadway Road

Wholesale listing’s Attributes:
Each Unit: 3 Bedrooms / 2 Baths / 900 sf
10 Parking Spaces Available

4plex for sale all units individually metered and 100% occupied. Fully remodeled with updated flooring, new carpet and paint. Updated meters and each unit with its own private patio. Value add play by upping the rents with 9% Cap Rate.
Call/Text 602-492-6810

Cap Rate
$1200 rent x 4 = $4,800 x 12 months = $57,600 Gross Annual Rent
$57,600 x 75% (Less vacancy, insurance, taxes, maintenance & repairs) = $43,200
$43,200 / $489,999 = 9% Cap

Cash on Cash Return:
$489,999 x 30% Down = $146,999
$342,999 Loan x 4.5% = $15,434 Annual Payment
$43,200 NOI – $15,434 Debt Service = $27,765 Cash Flow
$27,765 Cash Flow / $146,999 Down Payment = 18% Cash on Cash Return

Wholesale Price $489,999

9920 E Birchwood Ave, Mesa AZ 85208

602-492-6810 Text For Fastest Response

Terms:

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.