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3429 E Earll Dr - MF-5 Plex - Seller Finance Option

3,800 SF Light Industrial Unit Offered at £1,212,798 in Phoenix, AZ 85018

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Property Facts

Price	£1,212,798	Building Class	C
Unit Size	3,800 SF	Number of Floors	1
No. Units	1	Typical Floor Size	3,880 SF
Total Building Size	3,880 SF	Year Built	1973
Property Type	Residential (Unit)	Lot Size	0.19 AC
Property Subtype	Apartment	Parking Ratio	1.29/1,000 SF
Sale Type	Investment

Price	£1,212,798
Unit Size	3,800 SF
No. Units	1
Total Building Size	3,880 SF
Property Type	Residential (Unit)
Property Subtype	Apartment
Sale Type	Investment
Building Class	C
Number of Floors	1
Typical Floor Size	3,880 SF
Year Built	1973
Lot Size	0.19 AC
Parking Ratio	1.29/1,000 SF

1 Unit Available

Unit 1-5

Unit Size	3,800 SF	Sale Type	Investment
Price	£1,212,798	Net Initial Yield	6.58%
Price Per SF	£319.16	NOI	£79,809.90
Unit Use	Light Industrial	No. Parking Spaces	5

Unit Size	3,800 SF
Price	£1,212,798
Price Per SF	£319.16
Unit Use	Light Industrial
Sale Type	Investment
Net Initial Yield	6.58%
NOI	£79,809.90
No. Parking Spaces	5

Description

This is a 5 plex multi-family with 2 units have (2) bedrooms and 1 bath and 2 units have (1) bedroom and 1 bath. There is also a studio in the back that has a queen bed and full bathroom.

Sale Notes

Open for seller financing options that allow the ability to bridge later to a cash out refinance DSCR loan. 10% down 5% interest only, 15% down 4% interest only, 20% down 3.5% interest only. NOI is $102K/YR. This is a lease with corporate tenant doing Airbnb arbitrage. They cover all expenses.. Corporate tenant is open to adjust the lease if new owner would like to do it themselves after the deal is closed. This investment is turn key revenue with tenant which manages and pays for everything. No vacancy, pays every month on time, no property mgmt required, no maintenance, no dealing with utilities, no head aches just easy cash flowing investment.