14 October, 2020
Wholesale Price $184,999
ARV $320,000
Mesa Drive & Broadway Road
Wholesale listing’s Attributes:
Triplex
2 Bedrooms / 1 Bath (Front Unit)
1 Bedroom / 1 Bath (Middle Unit)
1 Bedroom / Bath (Back Unit)
1,540 sf total
Downtown Mesa Location! Very hot area in great neighborhood. 3 units fully rented right now. Front unit rented $1,270. Middle unit rented $780 and Back unit rented $600. For total $2,650 total income. This is a cash cow! Won’t last long.
Call/Text 602-492-6810
Recent Comps:
47 E 2nd Ave | SOLD $330,000 | 1,411sq.ft
15 E 2nd Ave | UCB $445,000 | 1,568sq.ft
131 E 2nd Ave | ACTIVE $347,000 | 1,576sq.ft
Return on Investment:
$2,650 x 12months = $31,800 Gross Annual Rents
$31,800 x 70% (Less expenses, vacancies, insurance & taxes)
= $22,260 Net Annual Income
$22,260 / $184,999 Purchase Price = 12% Return on Investment
Wholesale Price $184,999
After Repair Value $320,000
208 S Hibbert, Mesa, AZ 85210
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.
You must be logged in to post a comment.