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Browse More Listings in Multifamily For Sale, Phoenix, AZ or Arizona

Multifamily Property For Sale

2811 Melvin

2811 Melvin, Phoenix, AZ 85009

Price:
$365,000
No. Spaces:
15
Price/Space:
$24,333.33
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.60%
Occupancy:
80%
Year Built:
1920
Lot Size:
0.40 AC
Tax ID / APN #:
109-27-140, 142 & 144
Find Out More...

Last Verified 10/27/2009 Listing ID 14670159

Highlights

Income Property
No Buildings/Structures to Maintain
100% Occupied Over 7 Years

Low Expenses
Low Taxes
Great addition to any portfolio

Description

REDUCED PRICE!!! BRING ALL OFFERS!!! 8.6% Cap Rate!!! 15 space mobile home park in downtown Phoenix. Low maintenance with no buildings/structures to maintain. 80% occupied (over 7 years) with long-term tenants some over 10 years. City water and sewer hook ups. Very low expenses, low taxes and good income property. Seller willing to carry with right terms. Alley abandonment process is completed. Drive By Only, Do Not Disturb Tenants, APN#s 109-27-140, 142 & 144

Directions: 27th Ave and Van Buren Street in Phoenix I-10 to 35th Ave, S on 35th to Van Buren, E on Van Buren to 28th Ave, N on 28th Ave to Melvin and property is on the SEC. Do not disturb tenants.

Financial Summary

Space Mix Information

Actual
Year
2008
Scheduled Gross Income
$48,830
Operating Expenses
$17,356
Net Operating Income
$31,474

Description	No. Spaces	Avg. Mo. Rent
Single RV	15	$253

Map of 2811 Melvin, Phoenix, AZ 85009 (Maricopa County)

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Presented by

DPR Commercial Real Estate

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Contact Listing Broker

Justin Campbell (602) 295-5922

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Created 6/19/2006

Additional Information for 2811 W Melvin Street, Phoenix, AZ 85009

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 2811 Melvin

2811 Melvin, Phoenix, AZ, 85009