1721 S 4TH Street
Phoenix, AZ 85004
Sq. Ft.: 5,400
8 apartments and 4 manufactured units on this property. Remodeled with new month to month leases in place. FULLY OCCUPIED - All units are filled and there is waiting list. Tenants are mostly fixed income and faithfully pay on time. Rents are an average of $442/mo with some new leases at $500 mark. Current ownership has not implemented rent increases throughout the complex, yet has prepared the tenants for the inevitable increase .... which will yield increased CAP. Not super beautiful ... just makes money. With current rents/expenses the CAP is solid 16%. PLEASE SCHEDULE APPOINTMENT TO VIEW. Seller has added coin operated laundry facility and soda machine which will convey - neither are calculated in the CAP.
Cross Street: Central and Buckeye
Directions: Central and BuckeyeSouth on 4th Street.
Lot Size in Sq. Ft.: 6, 333
Building Type: Other (See Remarks)
Building Total Area (Sq. Ft.): 5, 400
$ per month
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Agent: Elite Integrity Group
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The information related to properties for sale on this website comes in part from the Internet Data Exchange (IDX) Program of the Arizona Regional Multiple Listing Service, Inc. (ARMLS). All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
ARMLS (Arizona) data last updated at January 18, 2018 6:14 PM MST