6 unit in North Phoenix-almost 100K in renovations

8816 N 6th Place Phoenix, AZ 85020

8816 N 6th Place, Phoenix, AZ, 85020
8816 N 6th Place, Phoenix, AZ, 85020 8816 N 6th Place, Phoenix, AZ, 85020 8816 N 6th Place, Phoenix, AZ, 85020 8816 N 6th Place, Phoenix, AZ, 85020
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$575,000
Cap Rate:
7.25%
Last Verified:
Jul 10, 2022

• Over 100K in upgrades • 6 Units w/ Tenants paying High Rents • Master Metered • Ceramic Tile or Laminate Flooring • Modern Exterior Paint • Air Conditioned Units • Modern Cabinetry • Additional Income from Laundry Room • Easy Maintenance Landscaping Look at the HIGH Rent Roll. FULLY occupied - Property Manager says it practically runs itself. There are 6 units collecting rent with laundry room income in place. In 85020 the prices are climbing, with a great rental market. This is a non-conforming property. Easy to insure. Newer roof, master metered, and easy to maintain landscaping. See the Doc tab for current financials and rent roll along with much more. This is a drive by only property but feel free to walk the property. Buyer to verify all facts and figures.

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Map of 8816 N 6th Place, Phoenix, AZ, 85020

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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