About The Property

Excellent investment opportunity featuring 7 townhome units with strong rental appeal. Each unit is individually parceled and includes an attached 2-car garage, adding long-term value and tenant appeal. Units #19-27 share the same well-designed floor plan and include a den that can easily function as a third bedroom or home office (note: den does not have a closet). #29 is a 2-story 3 bedroom unit. The owner of Avenida De Palmas Townhomes is responsible for three consistent expenses: • A homeowners association (HOA) fee, which includes water service. • Trash & sewer services totaling $54.85 per month. • Annual property taxes assessed individually for each unit. All other expenses are considered miscellaneous and may vary by owner, such as property managementRead MoreRead Less
Courtesy of Wise Choice Properties 602-687-8792
Listing Snapshot
Days Online
286
Last Updated
Beds
15
Year Built
2003
MLS Number
6957380
M. Logan
Top 2% performing AZ broker
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Additional Details

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Property Access
Road Surface: Asphalt
Building
Built in 2003, 3 buildings, Construction Materials: Wood Frame, Painted, Stucco
Cooling
Central Air, Ceiling Fan(s), Electric, Heat Pump
Disclosures
None
Expenses
Operating: $20,565.9, Trash: $4,607
Floors
Tile, Laminate, Carpet, Ceramic Tile, Vinyl
Heating
Heat Pump, 2 or More Units, Electric
Income
Gross Income: $118,125, Gross ScheduledIncome: $118,125, Net Operating Income: $97,559.1
Lot
Dimensions: .04
Owner Pays
Trash Collection
Parking
14 covered spaces, 14 open parking spaces, 28 total parking spaces
Roof
Tile
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 504-45-096-0, Public Survey Range: 06E, Public Survey Section: 17, Annual Amount: $5,878.94, Tax Book Number: 504.00, Legal Description: LOT 25 TIERRA PALMAS TOWNHOUSES CAB A SLD 44, Lot: 25, Parcel Letter: 0, Year: 2024, Zoning: Res
Utilities
Water Source: Private, Individual Meter
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