Listing Details:
Listing ID: 6753569
Updated: 2/4/2025 12:06pm
| Status | Active/For Sale |
| Days On Market | 154 |
| Taxes | $2,331.00 |
| HOA | $0.00/******** |
| Type | N/A |
| Open Parking | 8 |
| Year Built | 1980 |
| Lot Size | 0.00 |
| County | Maricopa |
| Listed By | Gerchick Real Estate |
Description:
Lease Highlights: Lease Beginning: 3/24/2024 Lease Amount per Month: $9,500 NNN Expenses: $3,432 (Taxes and Insurance) Annual Lease Expires: 4/31/2026 Tenant Pays W/S/T and repairs Owner is extending the lease to a min. of 3 years but probably 5 years What is a NNN? An Absolute NNN Lease simply means that the Tenant pays 100% of expenses. All repairs, all utilities, insurance and property taxes. There is really good opportunity to own 8 units of Multifamily without many of the traditional expenses. This exceptional investment opportunity presents a fully leased 8-unit property master leased to a reputable sober living company. Located in the heart of Phoenix, AZ, this property is strategically positioned to offer stable income with minimal management responsibilities.
Property Location:
Listed By: Gerchick Real Estate | Linda S Gerchick 602-688-9279
Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.
