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1830 W Alta Vista Rd - 5 Bed 3 bath that the tenant's rent is $3,500

1 Unit Apartment Building Offered at £450,740 at a 6.34% Net Initial Yield in Phoenix, AZ 85041

Investment Highlights

  • 5 Bedroom 3 Bath Rented for $3,495.00 per month-remodeled 2024
  • ELECTRICAL: New Wiring throughout Lighting/Ceiling lights; Ceiling Fans (new)
  • FLOORING: Brand New (Bruce Hardwood flooring in Bedrooms) Porcelain Tile in Bathrooms
  • New Roof: New Shingles / Roof Boards/
  • New Plumbing (with PEX-A) throughout
  • Bathrooms: New Vanity Sinks, New Shower heads, New Hollywood LED mirror New Medicine Cabinets, New Bidet,

Executive Summary

**Investment Opportunity: Tenant-Occupied Gem!**

5 Bedroom 3 bath that the tenant's rent is $3,500 and cap rate is 6.34%. The Lease ends on 6/30/2025
Welcome to your next lucrative real estate venture! Nestled in a sought-after neighborhood, this remarkable 5-bedroom, 3-bathroom house with a spacious backyard offers an irresistible investment opportunity. Here’s why you should seize the chance:
**Key Features:**
1. **Tenant Occupied:** Sit back and watch your investment grow effortlessly! This property is already generating substantial rental income, with tenants paying well above market rates. A stable income stream awaits you from day one.
2. **Prime Location:** Located in a desirable neighborhood, this property promises enduring value and high demand. Enjoy the convenience of proximity to schools, shopping centers, parks, and more, ensuring maximum tenant satisfaction and retention.
3. **Modern Upgrades:** Say hello to worry-free ownership! With a brand-new roof, washer, dryer, and appliances included, you can rest assured knowing that maintenance costs are minimized, and tenant satisfaction is maximized.
4. **Expansive Backyard:** Embrace the outdoors! The large backyard provides ample space for relaxation, recreation, and entertainment, making it an attractive feature for potential tenants seeking a lifestyle of comfort and leisure.
5. **New Paver Driveway:** Impress at first sight! The newly installed paver driveway enhances curb appeal and sets the stage for a warm welcome, leaving a lasting impression on both tenants and visitors.
**Investment Highlights:**
- **Income Potential:** Benefit from immediate cash flow with tenants already in place, offering an attractive return on investment.
- **Low Maintenance:** With recent upgrades and meticulous upkeep, enjoy hassle-free ownership and minimal expenses.
- **Value Appreciation:** Capitalize on the potential for long-term appreciation in property value, fueled by the property’s prime location and enduring appeal.
**Don’t Miss Out!**
This tenant-occupied treasure presents an exceptional opportunity for savvy investors seeking steady returns and long-term wealth accumulation. Act now to secure your future in real estate!
5 Bedroom Three Bath w/ Large Backyard
Tenant in place at $3,495.00 per month
1830 West Alta Vista Road, Phoenix AZ 85034
ReModel Year 2024
New Roof: New Shingles / Roof Boards/
HVAC: 3 ½ Ton (Duct Cleaned ) 2024 by George Brazil
Certificate of Service 2024 (George Brazil)
Mini Split: 1 ton Brand New 2024 (ReCamera 5)
ELECTRICAL: New Wiring throughout
Lighting/Ceiling lights; Ceiling Fans (new)
Plumbing:
New Plumbing (with PEX-A) throughout
FLOORING: Brand New (Bruce Hardwood flooring in Bedrooms)
Porcelain Tile in Bathrooms
Bathrooms:
New Vanity Sinks, New Shower heads, New Hollywood LED mirror
nEW Medicine Cabinets, New Bidet, Hand Held showers
Paints: New interior painting (all rooms ; living rooms)
New Exterior Paints + Stone Tiles in the front
PAVERS: Brand new Pavers both in Front and Back
Laundry Room: New General Electric Combo (Washer/Dryer) Home Depot
Water Heaters: Instant Water Heater (Natural Gas) / Tankless
Kitchen + Living Room:
New Kitchen Island + New Kitchen with New Appliance
Dishwasher/Garbage Disposal; Double Oven Range (not brand new)
New Kitchen Cabinets Drawers/ Drawer pulls

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £450,740
Price Per Unit £450,740
Sale Type Investment
Net Initial Yield 6.34%
Gross Rent Multiplier 13.22
No. Units 1
Property Type Residential
Apartment Style Garden
Lot Size 0.14 AC
Building Size 1,554 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1971/2024

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Ceiling Fans
  • Kitchen
  • Yard
  • Double Pane Windows
  • Framed Mirrors
  • Window Coverings

Site Amenities

  • Fenced Lot
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
5+3 1 £2,813 1,551

zoning

Zoning Code [R1-6] Single Family ([R1-6] Single Family Residence)
[R1-6] Single Family ([R1-6] Single Family Residence)
  • Listing ID: 32020913

  • Date on Market: 04/06/2024

  • Last Updated:

  • Address: 1830 W Alta Vista Rd, Phoenix, AZ 85041

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