About The Property

5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY $625,000 Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housing market.The projected income profile offers attractive risk-adjusted return potential for investors who understand value-add opportunities and active portfolio management.This is an unwarrantable condominium community,Read MoreRead Less
Courtesy of Coldwell Banker Realty 928-282-4666
Listing Snapshot
Days Online
671
Last Updated
Property Type
Multiple Dwellings
Beds
5
Year Built
1983
MLS Number
6770097
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Building
Built in 1983, Construction materials: Wood Frame, Painted, Stucco, 5 total units
Cooling
Central Air, Ceiling Fan(s), Electric
Expenses
Insurance: $3,000, Maintenance: $3,000
Floors
Vinyl
Heating
Individual, Electric
Parking
Paved, >1 Space Per Unit, 1 Space/Unit, Carport, 5 total parkings
Property
Zoning: R5
Roof
Built-Up
Security Features
Security Light(s), Security Guard
Sewer
Public Sewer
Taxes
Annual amount: $1,800, Lot: 111,129,151,157,&251
Utilities
APS
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30 Days Snapshot Of 85032
$504k
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