2610 N 24th St - Multi-Family FOR SALE


Phoenix, AZ 85008
$1,195,000 USD
602-688-9279
2610 N 24th St, Phoenix, AZ for Sale
$1,195,000 USD
Multi-Family - FOR SALE
1/56
null | 7.12% Cap Rate

2610 N 24th St
Phoenix, AZ 85008


HIGHLIGHTS

  • NNN Lease in place for three years-$155,000 REDUCTION
  • Heated Spa, Putting Green, Miniature Golf Fire Conversation Pit
  • Quartz Counter tops w/Stainless Steel Appliances Wood Grain New Tile Floors
  • Only expenses for the owner is Property Taxes of $541.00 Sobriety Home Tenant
  • Remodeled in 2023-Very Private Three Casitas-website and trademarked name convey
  • Residential Financing Available Do not need Property Management

OVERVIEW

2610 N 24th St, Phoenix, AZ 85008-Triplex Master Leased to Successful Sobriety Company The Property **Investment Opportunity in Phoenix, AZ – Master Leased Triplex** Lease Terms: Lease start date 2/26/2023 Lease Expiration Date: 2/26/2026 (would probably extend) Rent Increases: 2% yearly Current Rent $7,140 per month Tenant pays 100% of All expenses except Property Taxes which are currently $546.00 per year Cap Rate 7.12% Welcome to 2610 N 24th St, Phoenix, AZ 85008 – a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it’s a gateway to consistent passive income and peace of mind. **Key Features:** ?? **Master Lease with an Alcohol Sobriety Company:** The property is master leased to a reputable alcohol sobriety company, ensuring a steady stream of income. With the tenant bearing all expenses except property insurance and taxes, you can enjoy hassle-free ownership while maximizing your returns. ?? **Lucrative Lease Terms:** The lease agreement secures a monthly income of $6,500, with a 5% rental increase annually, guaranteeing growth in your investment over the three-year lease period. ??? **Exceptional Amenities:** Step into a tranquil oasis boasting an amazing courtyard adorned with a spa, BBQ area, firepit, and a putting green. This meticulously designed space enhances the property’s appeal and ensures tenant satisfaction. ?? **Tasteful Decor and High Success Rate:** Every detail of this property has been carefully curated, offering a tastefully decorated environment that contributes to its high success rate. Experience the simplicity of investing with a property that not only meets but exceeds expectations. **Why Invest Here?** ?? **Stability and Convenience:** Enjoy the simplicity of investing with a property that offers stable returns and minimal management requirements. With the tenant handling most expenses, you can focus on reaping the rewards of your investment effortlessly. ?? **Residential Loan Eligibility:** Unlike many commercial properties, this triplex is eligible for residential loans, making financing more accessible and convenient for potential investors. ?? **Verify and Secure Your Investment:** While we provide you with comprehensive details, we encourage potential buyers to verify all facts and figures to ensure confidence in their investment decision. Don’t miss out on this exceptional opportunity to secure a prime investment property in Phoenix, AZ. Whether you’re a seasoned investor or just starting, this master leased triplex offers simplicity, stability, and significant potential for growth. Contact us today to learn more and take the first step towards building your investment portfolio! *Disclaimer: Buyer to verify all facts and figures. Investment decisions should be made after thorough due diligence.*

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$545 USD /SF

# OF UNITS

3

PRICE/UNIT

$398,333

CAP RATE

7.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Lease in Place-use residential financng

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,579 SF

ZONING

R-5

APN/PARCEL ID

117-08-112C

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.