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20th Street 4Plex 13017 N 20th St 4 Unit Apartment Building $620,000 ($155,000/Unit) 7.14% Cap Rate Phoenix, AZ 85022
INVESTMENT HIGHLIGHTS
- Two single story buildings
- Lots of updates including newer roofs, water heater and more
- Fully occupied
EXECUTIVE SUMMARY
Turn Key investment opportunity. Beautifully updated 4plex in North Phoenix with long term tenants in place. Dwelling mix includes a single family home with large lot behind and a triplex in front. Each unit is individually metered and two have private yards. All have been updated with remodeled baths and tile floors throughout. NEW ROOFS in 2021. The property has been updated with NEW FENCES, BATHS and KITCHENS in the last couple of years. Fully tenanted and turn key, this charming investment property near the Phoenix Mountain Preserve is ideally located near freeways, mountains, shopping and more. VALUE Add opportunity as well, with development of extra lot and/ or rent increases. No washer/ dryers on site.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$44,220
|
$19.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$44,220
|
$19.96
|
| Taxes |
$1,038
|
$0.47
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,038
|
$0.47
|
| Net Operating Income |
$43,182
|
$19.50
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $44,220 |
| Annual Per SF | $19.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $44,220 |
| Annual Per SF | $19.96 |
| Taxes | |
|---|---|
| Annual | $1,038 |
| Annual Per SF | $0.47 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,038 |
| Annual Per SF | $0.47 |
| Net Operating Income | |
|---|---|
| Annual | $43,182 |
| Annual Per SF | $19.50 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Oven
- Range
- Tub/Shower
- Yard
- Breakfast Nook
- Family Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $670.00 | 300 |
| 2+2 | 1 | $795.00 | 600 |
| 3+2 | 1 | $1,550 | 1,071 |
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20th Street 4Plex | 13017 N 20th St
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