About The Property

Income-Generating Triplex Near Grand Canyon University & I-17 Freeway - 8.16% Cap Rate with Value-Add Potential. This centrally located triplex is a prime opportunity for savvy investors or first-time homebuyers seeking a property with strong income potential and room for growth. Featuring three 2-bedroom, 1-bathroom units, each equipped with private patios, this property offers desirable living spaces for tenants. Currently, each unit is rented at $1,200 per month, producing an annual income of $43,200 and a solid 8.16% cap rate. However, there's additional value to be unlocked as current rents are below market value, allowing for potential increased returns. Located just minutes from Grand Canyon UniversityRead MoreRead Less
Courtesy of A.Z. & Associates 602-456-7600
Listing Snapshot
Days Online
81
Last Updated
Property Type
Other
Year Built
1963
MLS Number
6779150
M. Logan
Top 2% performing AZ realtor
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Additional Details

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Appliances & Equipment
"BI Oven/Range", "Microwave"
Building
Built in 1963, Construction materials: "Painted", "Stucco", "Frame - Wood", 3 total units
Cooling
"Electric"
Expenses
Water sewer: $2,400
Floors
"Vinyl", "Concrete"
Heating
"Electric"
Parking
"1 Space/Unit", 3 total parkings
Property
Zoning: R-3
Roof
"Composition"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,218
Tenant Pays
"Electricity"
Utilities
"APS"
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30 Days Snapshot Of 85015
$342k
0%
(avg) sold price
10
-62%
homes sold
120
+25%
(avg) days on market
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Monthly Payment
$0

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