Excerpt from: Phoenix real estate and news
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| January 23, 2008 | | Multifamily Investment Triplex in North Central Phoenix | 
Priced at $298,000 7.2 CAP RATE 3 Units, all 2 bedroom and 1 bath Private balcony / patio with storage and private washer and dryer. Great floorplan Bathroom have double sinks. 2 Newer Heatpumps Painted Exterior in 2006 Refinished roof in late 2007. Owner pays NO utilities, all utilities including water, sewer, trash and electricity are paid by the tenants. Easy care property with desert landscaping.
Located on near the Phoenix Mountains, this neighborhood is mostly comprised of single family homes. The hiking trails are just a short walk from the property. The I-51 freeway is just 5 minutes away with easy access to downtown Phoenix. This property would make a perfect companion to the other fourplex for sale. The total 7 units are superb real estate investments in a great area. | | | |
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