Wholesaling House

Multiple Wholesalers Property Listings

518 E Western Ave, Avondale, AZ 85323

518 E Western Ave, Avondale, AZ 85323

20 August, 2020

Wholesale Price $1,329,999

518 E Western Ave, Avondale, AZ 85323 wholesale property listing
518 E Western Ave, Avondale, AZ 85323 21 units
518 E Western Ave, Avondale, AZ 85323 aerial view
518 E Western Ave, Avondale, AZ 85323 aerial view

Dysart Road & MC Highway 85

Commercial wholesale listing’s Attributes:
21 Units (2/1 & 1/1) with a 2,349 sf Main House
Lot Size: 0.7 acres / 30,429 sq ft
Price/Unit: $63,333

Located in Charming Historic District of Avondale. 21 units 100% occupied and cash flowing 140k/annually NET. Potential to add more units on property. This is a cash cow and easy 10-12% cap with current below market rents! Easy value add by increasing rents alone. Contact me for more information.
Call/Text 602-492-6810

Cap Rate:
Gross Rent $227,856 – 5% Vacancy = $216,463 Effective Gross Income
$216,463 x 35% Expenses (Taxes, Insurances, Maintenance etc)
= $140,617 NET Income
140k / 1,329 Mill = 10.5% Cap

Cash on Cash Return:
1.329 Mill Purchase x 30% Down = $398,999 Down Payment
140k NOI / $398,999 Down = 35% Cash on Cash

Wholesale Price $1,329,999

518 E Western Ave, Avondale, AZ 85323

518 E Western Ave, Avondale, AZ 85323

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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