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Browse More Listings in Multifamily For Sale, Fountain Hills, AZ or Arizona

Multifamily Property For Sale

Aiden Condominiums

11688 N Saguaro Blvd., A,B,C, Fountain Hills, AZ 85268

Price:
$495,000
No. Units:
3
Building Size:
4,800 SF
Price/Unit:
$165,000
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.80%
Gross Rent Multiplier:
10.85
Occupancy:
100%
No. Stories:
2
Year Built:
2000
Lot Size:
0.50 AC
Find Out More...

Last Verified 10/27/2009 Listing ID 16322761

Highlights

Unit A, 1600 sf, 3bd, 2.5 bath, 2 car gar, new 12 mnth lease @$1,200 exp 7/15/10
Unit B, 1600 sf, 3bd, 2.5bath, 2 car garage, 2nd yr of lease @ $1,300 exp 12/31/09

Unit C, 1600sf, 3bd, 2.5 bath, 2 car gar, @1300 mnth to mnth started 5/07

Description

Well maintained, three unit building, fully rented with good tenants in place. The property is broker owned and is being offered at $45K below the price it was purchased for in 2004, at 7.8 CAP the best yieldon the market curently for Fountain Hills. In 2007 the property was converted to condos, giving the buyer the opportunity to sell each unit seperately when prices move up, or retain as a solid cash flow investment. Excellent cash on cash returns.

Fountain Hills Arizona location offers mountain views from all second floor bedrooms. This could make an ideal AZ investment, buyer could occupy one unit while the two renters make the payments. Very easy to maintain and low mantenance cost. This property is broker owned, do not bother tenants, drive by only. Call or email for income/expense report.

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$45,600
Effective Gross Income
$45,600
Operating Expenses
$8,381
Net Operating Income
$37,219
Pre-Tax Cash Flow
$37,219

Description	Avg. Mo. Rent	Sq. Ft.
A	$1,200	1,600
B	$1,300	1,600
C	$1,300	1,600

Map of 11688 N Saguaro Blvd., A,B,C, Fountain Hills, AZ 85268 (Maricopa County)

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Presented by

Investors Realty & Management, Inc.

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Contact Listing Broker

Steve Pratico (602) 770-5678

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Created 7/18/2009

Additional Information for 11688 N Saguaro Boulevard, Fountain Hills, AZ 85268

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 - Aiden Condominiums

11688 N Saguaro Blvd., A,B,C, Fountain Hills, AZ, 85268