822 N 40TH Avenue #FRNT, Phoenix, Arizona
822 N 40TH Avenue #FRNT, Phoenix, Arizona 85009 - Great Cash Cow Investment Property! Over 11.50% CAP RATE! Property has two homes in the front on 40th AVE and in the back there is a duplex, triplex and one other detached home. There is also a very large parking lot and play area including a basketball court! Off of 41st AVE there is a very large lot currently being leased to a tow truck company. Property produces a lot of rent with very little hassle. All 9 units are part of a 3 property parcel. So you must purchase all 3 together. All tenants have been long term tenants and there is rarely ever any vacancies. All three lots together equal to a 79,190 SF (1.8 acres). Great cash flow! Over 11.50% CAP Rate!
Listing Courtesy of RE/MAX Solutions
“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!!!!!”