Phoenix Arcadia Fourplex Sold
Posted by Artur Ciesielski on Friday, December 2nd, 2011 at 5:31pm.There are different ways to approach income property investing. Some go for the low income high return and high maintenance properties and others prefer low maintenance, good return stable properties and there are many approaches in between. All are good with their own respective pluses and minuses.
The Arcadia area in zip code 85018 has a more premium selection of multifamily properties, it is an in demand area by both renters and home owners and home prices can quickly go well beyond the market average of $86 per square foot the hundreds per square foot.
A stable income property is even more important for those who are investing with a self directed IRA. Not everyone knows this, buy stocks and commodities are not the only things you can invest in with your IRA.
Above is another fourplex we just helped a client purchase. These types - premium multifamily - properties are easy to manage and own and they can provide a good steady income and rising property values, especially if they are in a good location like Arcadia.
Written by: Artur Ciesielski | tel. 602.492.8004 | e-mail: artur@inphoenix.com
Artur is a Realtor and partner with inPhoenix Realty Group of HomeSmart Elite Group and imStudio and an aspiring flaneur, in the style of Nassim Nicholas Taleb's essay on "why I walk" - not the Canadian meaning. "Some of my best experiences and memories are from walking cities, ignoring warnings of bad and good." Currently he's in Phoenix or elsewhere when time allows, which is rarely, but that is going to change. You can find him running up miles on his car listening to NPR, cycling the urban Phoenix, in the office on Central or working at one of the many coffee bars in Urban Phoenix.
Blog Tags
Print
ShareBe the first to comment on this blog entry!
