BUY & HOLD DEAL WITH BIG EQUITY · PHOENIX AZ · 3 BED 2 BATH · 1,591 SQFT W Alta Vista Rd, Phoenix, AZ 85041

PURCHASE PRICE:
$288,000
Net to Seller

ARV 380K + Depending on Scope of Work

• PROPERTY TYPE: Single Family Residence

• ROOMS: 3 BD / 2 BA

• SQFT: 1,591

• LOT: 6,655 SqFt

• YEAR BUILT: 2000

• TERMS: Cash or Hard Money · 5K non-refundable EMD · 10 Day COE

• CALL FOR ACCESS: Occupied, appointment required

DETAILS:

Single story block and frame stucco home in South Mountain, built in 2000 and sitting on a 6,655 sqft lot with a two car garage, tile roof, covered patio, and low maintenance desert landscaping front and back. Vaulted ceilings through the great room and primary suite, split floor plan, tile in the wet areas and carpet in the bedrooms, full appliance package including range, microwave, dishwasher, and refrigerator. The property conveys occupied with a 24 month leaseback already signed at 2,450 per month, which puts a buyer at roughly 10.2 percent gross yield on the purchase price from day one with no turn cost, no vacancy gap, and no leasing period. This is a hold, not a flip. The buyer commits to the full 24 month term. Finishes are original to 2000 and fully functional, which leaves room to reposition at market rate when the lease burns off. HOA is in place and dues are to be verified by buyer.

Buyer to verify all information independently including square footage, lot dimensions, year built, HOA dues and restrictions, lease terms and tenant payment history, title condition, and property condition. Information is deemed reliable but not guaranteed. Property sold as is where is with no warranties expressed or implied.

CALL or TEXT FOR MORE INFO

(623) 283 2623

COMPARABLE SALES:

• 2319 W Alta Vista Rd · Sold 399,900

• 2313 W Carter Rd · Sold 395,400

• 5834 S 23rd Dr · Sold 390,000

• 2121 W Saint Charles Rd · Sold 368,000

• 6610 S 22nd Dr · Sold 365,000

• 2333 W Alta Vista Rd · Sold 355,000
  

(623) 283-2623
[email protected]