Wholesaling House

Multiple Wholesalers Property Listings

1128 E Main St, Mesa, AZ 85203

1128 E Main St, Mesa, AZ 85203

20 August, 2020

Wholesale Price $400,000

1128 E Main St, Mesa, AZ 85203 wholesale commercial property listing
1128 E Main St, Mesa, AZ 85203

Stapley Drive & Main Street

Commercial wholesale listing’s Attributes:
3 Units (2 Units 900 sq ft / 1 Unit 600 sq ft)
2,504 sq ft total
Commercial Zone

Commercial building with 3 store fronts. Each one has its own bathroom with front and back exits. Parking in front and back. Heavy traffic on main street, each unit can be rented for $2000 each and can turn this into cash cow!
Call/Text 602-492-6810

Cap Rate
$2000 rent x 3 = $6,000 x 12 months = $72,000 Gross Annual Rent
$72,000 x 75% (Less vacancy, insurance, taxes, maintenance & repairs) = $54,000
$54,000 / $400,000 = 13.5% Cap

Cash on Cash Return:
$400,000 x 30% Down = $120,000
$280,000 Loan x 4.5% = $12,600 Annual Payment
$41,400 NOI – $12,600 Debt Service = $28,800 Cash Flow
$28,800 Cash Flow / $120,000 Down Payment = 24% Cash on Cash Return

Wholesale Price $400,000

1128 E Main St, Mesa, AZ 85203

602-492-6810 Text For Fastest Response

ET Wholesale House | 101 N Colorado St, Chandler, AZ 85244
ET Wholesale House
101 N Colorado St, Chandler, AZ 85244
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.

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