171081 Resource 164807 165387 165387 1181008122556 1211050785193 Controlled Apartment Rental Fourplex For Sale in North Central Phoenix

Multifamily 4 unit apartment just released into the Phoenix market

Fourplex in Phoenix$320,000<img hspace="0" border="0" align="bottom" src="http://www.arturciesielski.com/property_pictures/633165766071786543_md.jpg" alt="Phoenix Multifamily fourplex 4 unit apartment" />North Central Phoenix 4 Unit Multifamily Apartment Building for Sale<table width="385" cellspacing="0" cellpadding="0" border="0" style="width: 291pt; border-collapse: collapse;"><colgroup><col width="29" style="width: 22pt;" /><col width="45" style="width: 34pt;" /><col width="42" style="width: 32pt;" /><col width="54" style="width: 41pt;" /><col width="41" style="width: 31pt;" /><col width="61" style="width: 46pt;" /><col width="52" style="width: 39pt;" /><col width="61" style="width: 46pt;" /></colgroup><tbody><tr height="20" style="height: 15pt;"><td width="29" height="20" style="border: medium none rgb(255, 255, 255); width: 22pt; height: 15pt; background-color: transparent;" class="xl75"></td><td width="45" style="border: medium none rgb(255, 255, 255); width: 34pt; background-color: transparent;" class="xl66"></td><td width="42" style="border: medium none rgb(255, 255, 255); width: 32pt; background-color: transparent;" class="xl66"></td><td width="54" style="border: medium none rgb(255, 255, 255); width: 41pt; background-color: transparent;" class="xl67"></td><td width="41" style="border: medium none rgb(255, 255, 255); width: 31pt; background-color: transparent;" class="xl67"></td><td width="61" style="border: medium none rgb(255, 255, 255); width: 46pt; background-color: transparent;" class="xl67"></td><td width="52" style="border: medium none rgb(255, 255, 255); width: 39pt; background-color: rgb(238, 236, 225);" class="xl68"> Proforma </td><td width="61" style="border: medium none rgb(255, 255, 255); width: 46pt; background-color: rgb(238, 236, 225);" class="xl68"> Proforma </td></tr><tr height="20" style="height: 15pt;"><td height="20" style="border: 0.5pt solid windowtext; height: 15pt; background-color: transparent;" class="xl69">Units</td><td style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; background-color: transparent;" class="xl69">Mix</td><td style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; background-color: transparent;" class="xl69">Size (sf)</td><td style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; background-color: transparent;" class="xl70"> Rent </td><td style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; background-color: transparent;" class="xl70"> Rent/sf </td><td style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; background-color: transparent;" class="xl71"> Total </td><td style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl72"> Rent </td><td style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl72"> Total </td></tr><tr height="20" style="height: 15pt;"><td height="20" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 15pt; background-color: transparent;" class="xl69">4</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: transparent;" class="xl73">2br/2ba</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: transparent;" class="xl69">930</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: transparent;" class="xl70"> $ 702 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: transparent;" class="xl70"> $ 0.76 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: transparent;" class="xl71"> $2,832 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl72"> $720 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl72"> $2,880 </td></tr><tr height="20" style="height: 15pt;"><td height="20" style="border: medium none rgb(255, 255, 255); height: 15pt; background-color: transparent;" class="xl75">4</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl66"></td><td align="right" style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl74">3,720</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $2,832</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $2,880</td></tr></tbody></table><ul><li>4 large 2 bedroom and 2 full bath units</li><li>Each is 930 square feet with 3 walk in closets</li><li>Washer and dryer hookup in each unit</li><li>Remodeled kitchens, floors and bathrooms</li><li>Low maintenance desert landscaping</li><li>Good income with upside potential</li></ul>Located south of the Phoenix Mountain Preserve and close to a hospital, good schools and shopping.  Its also just 5 minutes from the I-51 Freeway and only 20 minutes to downtown Phoenix.  This popular with the tenants building  has very large bedrooms and rare walk in closets, three of them, plus a linen closet and an exterior storage unit on the patio(balcony).  3 of the kitchen have been remodeled and the 4th has been refinished.  <img width="174" hspace="0" height="137" border="0" align="bottom" src="http://www.arturciesielski.com/property_pictures/633165767370059484_md.jpg" alt="fourplex in phoenix arizona" style="width: 174px; height: 137px;" /> <img width="176" hspace="0" height="137" border="0" align="bottom" src="http://www.arturciesielski.com/property_pictures/633165767132561004_md.jpg" alt="investment property in phoenix" style="width: 176px; height: 137px;" />The bedrooms and living rooms are over-sized with plenty of room for most people, they are open with 3 big windows allowing plenty of light through the double pane windows.<img hspace="0" border="0" align="bottom" src="http://www.arturciesielski.com/property_pictures/633165766854594033_md.jpg" alt="investment apartment in phoenix, arizona" />The exterior was painted in 2005.  The landscaping is low maintenance desert and requires little to no watering.  The water heaters are located in a storage room on the lower floor helping to prevent flooding.  Parking is quite big with 7 spaces and additional street parking.<img width="183" hspace="0" height="144" border="0" align="bottom" src="http://www.arturciesielski.com/property_pictures/633165766421003058_md.jpg" alt="phoenix investment property" style="width: 183px; height: 144px;" /> <img width="165" hspace="0" height="145" border="0" align="bottom" src="http://www.arturciesielski.com/property_pictures/633165766260066588_md.jpg" alt="4 unit apartment in phoenix" style="width: 165px; height: 145px;" /><table width="332" cellspacing="0" cellpadding="0" border="0" style="width: 250pt; border-collapse: collapse;"><colgroup><col width="64" span="2" style="width: 48pt;" /><col width="21" style="width: 16pt;" /><col width="81" style="width: 61pt;" /><col width="21" style="width: 16pt;" /><col width="81" style="width: 61pt;" /></colgroup><tbody><tr height="16" style="height: 12pt;"><td width="64" height="16" style="border: medium none rgb(255, 255, 255); width: 48pt; height: 12pt; background-color: transparent;" class="xl64"></td><td width="64" style="border: medium none rgb(255, 255, 255); width: 48pt; background-color: transparent;" class="xl64"></td><td width="21" style="border: medium none rgb(255, 255, 255); width: 16pt; background-color: transparent;" class="xl64"></td><td width="81" style="border: medium none rgb(255, 255, 255); width: 61pt; background-color: transparent;" class="xl71"> Actual </td><td width="21" style="border: medium none rgb(255, 255, 255); width: 16pt; background-color: transparent;" class="xl72"></td><td width="81" style="border: medium none rgb(255, 255, 255); width: 61pt; background-color: transparent;" class="xl71"> Proforma </td></tr><tr height="16" style="height: 12pt;"><td height="16" colspan="3" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl66">Gross Monthly Income</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 2,832.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 2,880.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td></tr><tr height="16" style="height: 12pt;"><td height="16" colspan="2" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Gross Annual Income</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 33,984.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 34,560.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Vacancy</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ (1,019.00)</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ (1,036.00)</td></tr><tr height="16" style="height: 12pt;"><td height="16" colspan="2" style="border-style: none none solid; border-color: rgb(255, 255, 255) rgb(255, 255, 255) windowtext; border-width: medium medium 0.5pt; height: 12pt; background-color: transparent;" class="xl65">Other Income</td><td style="border-style: none none solid; border-color: rgb(255, 255, 255) rgb(255, 255, 255) windowtext; border-width: medium medium 0.5pt; background-color: transparent;" class="xl65"> </td><td style="border-style: none none solid; border-color: rgb(255, 255, 255) rgb(255, 255, 255) windowtext; border-width: medium medium 0.5pt; background-color: transparent;" class="xl69"> $ 150.00 </td><td style="border-style: none none solid; border-color: rgb(255, 255, 255) rgb(255, 255, 255) windowtext; border-width: medium medium 0.5pt; background-color: transparent;" class="xl70"> </td><td style="border-style: none none solid; border-color: rgb(255, 255, 255) rgb(255, 255, 255) windowtext; border-width: medium medium 0.5pt; background-color: transparent;" class="xl69"> $ 250.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" colspan="3" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl66">Gross Operating Income</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl71"> $ 33,114.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl72"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl71"> $ 33,773.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Expenses</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Insurance</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 804.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 804.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">RE Taxes</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 2,052.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 2,052.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Water</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 1,740.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 1,740.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Electric</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 120.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ - </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Trash</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 600.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 600.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" colspan="2" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Maintenance</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 1,400.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ 800.00 </td></tr><tr height="16" style="height: 12pt;"><td height="16" colspan="2" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64">Management</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ - </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ - </td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ (6,716.00)</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"> $ (5,456.00)</td></tr><tr height="16" style="height: 12pt;"><td height="16" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl64"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl68"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl67"></td></tr><tr height="16" style="height: 12pt;"><td height="16" colspan="2" style="border: medium none rgb(255, 255, 255); height: 12pt; background-color: transparent;" class="xl66">Net Operating Income</td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl66"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl71"> $ 26,398.00 </td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl72"></td><td style="border: medium none rgb(255, 255, 255); background-color: transparent;" class="xl71"> $ 28,317.00 </td></tr></tbody></table>You can download a PDF brochure with the above information and additional data here:<a target="_blank" href="http://www.arturciesielski.com/agents_pictures/68714.pdf" title="1238 Purdue Property Data Sheet">Property Data Sheet</a>This is is a great market for investment properties such as this 4 unit apartment located in Central Phoenix.  Rents are going up and they will continue to increase as more people move to the state and lots of stock is taken out as its converted to condos or simply outdated.  Other Central Phoenix Apartment Can be Seen Here:<a target="_blank" href="http://arturciesielski.az-re.com/filterarmlsresi_117277.cfm" title="Multifamily Properties for Sale in Uptown Phoenix">Central and North Central Apartments for Sale</a> 10 application/xml false 4 unit apartment in phoenix fourplex in north central phoenix investment apartment for sale in phoenix investment sales in phoenix Arizona multifamily building for sale in phoenix phoenix apartment cap rates phoenix investment broker phoenix investment property phoenix real estate premier marketing group Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.14) Gecko/20080404 Firefox/2.0.0.14 127.0.0.1 127.0.0.1 aciesielski 98.165.109.170 false true false false true 176502 false false true false false false true 164807 blog blogsite/ArturCiesielski/web