Monday, September 20, 2010

Phoenix SFR wholesale priced at just $112,000

*Plus Bonus Duplex ready to rent at $1000+/month!!!

2/1/1 carport Main House plus Two 1/1 carport units with separate entrance from back alley.
Rental Income:  Main House $850 + $500 Unit 1 + $500 Unit 2 = $1850/mo!
Near Thomas & 36th Street — zoned R-3
Large 10,307 SF lot allows for normal-sized private back yard for Main House, + separate entrance for Duplex units

MAIN HOUSE:
2/1, 1 car garage; ~1250 SF; built 1961
Stucco, central A/C + wall unit in Family Room
Recently Rennovated, nice kitchen & appliances (KitchenAid & GE Profile series)
Remodeled Bathroom
Low maintenance concrete tile floors; red brick fireplace
fireplace, track lighting, newer fixtures, doorknobs, etc.
Private backyard with block fencing
Needs: epoxy paint on floors, carpet in bedrooms, paint, minor repairs

DUPLEX:
Excellent, rentable condition — just needs refrigerators and cleaning!
separate AC units; security doors, all tile floors
Coin-operated Washer & Dryer for extra income

After Repair Value:  $120,000 to $130,000
Sale Price:  $112,000
Gross Potential Profit:  
Parcel Number:   120-15-021-A
Address:  3519 E OAK ST
City:  Phoenix
State:  AZ
Zip Code:  85008
Estimated Repairs:  
Square Feet:  DUPLEX: 965 - SFR: 1,258
Bedrooms:  3
Bathrooms:  2
Year Built:  1961
Cross Streets:  36th St & Thomas
Property Taxes:  $2,239.26
Property Type:  Single Family Residence & Duplex
Special Financing:  Hard Money or Cash


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