FOR SALE! Buy & Hold or Fix & Flip Downtown Phoenix Duplex

Fix & Flip or Buy & Hold Opportunity in Phoenix!

 Property Details:

 31st Avenue, Phoenix, 85009 Email me for the address

2 bed/2 bath SFH + duplex (2/1 units)

SFH: 760 Sq ft.

The home is gutted, with brand new framing and flooring

Electrical is setup and ready to go with its own meter.

Duplex: 1,230 Sq ft. total (separately metered!)

      Unit #1 (615 Sq. ft.):

M2M tenant in place. Brand new water heater. Brand new window A/C unit. Brand new toilet and bathroom sink. New security doors.

     Unit #2 (615 Sq. ft):

Brand new front and back steel doors with new lock sets.

 Fix & Flip:

 Asking price: $220k

 Rehab: $70k

 ARV: $340k

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 $36,000 profit

 Buy & Hold:

 Asking Price: $220k

 Rehab: $65k

 Income: $800 per unit/month ($1600) + $1100 sfh/month = $2700

 - $47.5/month tax

- $80/month insurance

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 $2572.50/month *12 = $30,870

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 $30,870/$301,000 = 10.3% cap rate

 Description:

 Fixer-upper SFH and a duplex with three tenant potential. All are separately metered. Duplex currently has one tenant month-to-month. SFH is gutted with brand-new flooring and framing. Both roofs redone in 2006 and in great condition. Both duplexes include refrigerators. Location is close to highways and downtown Phoenix. Can also be split into two lots, if preferred - cost is $600 (lot division) + $490 (variance through City of Phoenix).