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822 N 40TH Avenue #FRNT, Phoenix, Arizona

$549,900Active

822 N 40TH Avenue #FRNT, Phoenix, Arizona 85009
RE/MAX Solutions - MLS® ID: 5548568

Property Details

822 N 40TH Avenue #FRNT, Phoenix, Arizona 85009 - Great Cash Cow Investment Property! Over 11.50% CAP RATE! Property has two homes in the front on 40th AVE and in the back there is a duplex, triplex and one other detached home. There is also a very large parking lot and play area including a basketball court! Off of 41st AVE there is a very large lot currently being leased to a tow truck company. Property produces a lot of rent with very little hassle. All 9 units are part of a 3 property parcel. So you must purchase all 3 together. All tenants have been long term tenants and there is rarely ever any vacancies. All three lots together equal to a 79,190 SF (1.8 acres). Great cash flow! Over 11.50% CAP Rate!

Amenities

  • Zip85009
  • CountyMaricopa
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeunk
  • School districtPhoenix Union High School District
  • Elementary schoolIsaac E Imes School
  • Junior highIsaac Middle School
  • High schoolCarl Hayden High School
  • Year built1982
  • Lot size130 x 601
  • SewerSewer - Public
  • HeatingGas
  • CoolingOTHER (SEE REMARKS)
  • ParkingStreet Parking
  • Tax amount$1,808.00
  • Office IDresol001
  • Agent IDjc267
  • Agent nameJustin Cook
  • MLS® ID5548568

Broker: RE/MAX Solutions

Listing Courtesy of RE/MAX Solutions

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“Best realtor we have ever worked with. The virtual tour of our house that she prepared was outstanding!! She is extremely professional and knowledgeable. We would have no reservations in recommending Kris to anyone who wants to buy or sell a house.”

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