210 E JONES Avenue, Phoenix, Arizona
210 E JONES Avenue, Phoenix, Arizona 85040 - Motivated seller and priced to sell! This 12-unit property is a consistent cash flow opportunity with several long-term tenants. The property includes 10 one-bedroom units, a two-bedroom / one-bathroom house, and a three-bedroom / two-bathroom house. 210 East Jones Avenue has newer roofs, newer plumbing, and the owner recently added covered parking. Additionally, the exterior plumbing line was replaced under the current ownership. The property boasts an in-place CAP rate of 9.04% with the ability to raise operations to a 9.68% CAP based off proforma projections. The owner currently provides free rent to one unit where the property manager/ maintenance man resides. He is willing to stay on board and continue if the new owner decides to maintain this arrangement.
Listing Courtesy of ABI Multifamily
“No words that could ever convey my appreciation for your dedication to my child. Have spent the last three days moving the kids into their new home! We are all exhausted, but in a wonderful way. The first night Bela spent there he sent me a text that said “Out swimming in my own pool. Victory!” As parents I’m sure both of you can understand the joy that filled my heart with that text. The first house Bela’s dad and I ever bought was 3 bdrm/1 bath/900sq ft/ and I raised three kids there!!! The “Bales” (as we call them) are starting out at almost 2400 sq feet with a mother in law suite and 3 other bedrooms and bathrooms! Crazy, but wonderful. There are just no words that could ever convey my appreciation for your dedication to my child. (and the crazy redhead)? Tired, exhausted, and sore, but loving you all the while. And I know I speak for everyone. Can’t wait for the housewarming!!! YOU GUYS ROCK!!!!!”