Triplex for sale in above average condition 316 E Vogel Ave 3 Unit Apartment Building $975,000 ($325,000/Unit) 5.41% Cap Rate Phoenix, AZ 85020

Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors.
Property Highlights:
Two-Story House:
Appliances: Enjoy the convenience of a brand new Kitchen Aid dishwasher, GE microwave, stove, and refrigerator, all replaced in mid-July 2024. Please note that no warranties are provided.
Laundry: Equipped with a gas washer and dryer for added convenience.
Recent Upgrades:
Interior repainted, enhancing the home's fresh appeal ($2,000).
Stair carpet and baseboards have been updated with stylish laminate flooring ($1,800).
New blinds installed throughout for added privacy and style ($500).
Exterior freshly painted to boost curb appeal ($1,800).
Modern appliances replaced ($1,200).
One-Story House:
Appliances: Features the same high-quality Kitchen Aid and GE appliances, updated in mid-July 2024, with no warranties.
Laundry: Includes a gas washer and dryer.
Recent Upgrades:
Newly repainted interior ($1,800).
Updated blinds throughout ($800).
Exterior painting completed to ensure a welcoming exterior ($1,800).
Appliances replaced for tenant comfort ($1,200).
Casita:
Appliances: Outfitted with a new Kitchen Aid dishwasher, GE gas stove, microwave, and refrigerator, all installed in mid-July 2024, with no warranties.
Recent Upgrades:
Interior repainted to refresh the space ($1,200).
New blinds throughout for an elegant touch ($200).
All flooring and baseboards replaced for a modern look ($4,200).
Cabinets repaired and repainted for a like-new appearance ($800).
Appliances replaced to ensure reliability and functionality ($1,200).
On-Site Features:
Storage Options: Two large grey storage sheds behind the Casita and one large permanent shed, offering the opportunity to rent for additional income. All contents will be cleared before closing.
Beautiful Common BBQ Area: Perfect for entertaining and enjoying Arizona's sunny weather.
Site Improvements:
Brick and walkway repairs completed for safety and aesthetics ($1,000).
Landscaping and trimming enhance the property's natural beauty ($2,500).
Financial Summary:
Total Capital Expenditures (Last 3 Months): $24,000
Two-Story House: $7,300
One-Story House: $5,600
Casita: $7,600
On-Site Improvements: $3,500
316 E Vogel offers a unique combination of comfort, convenience, and income potential, making it an excellent choice for investors seeking a property with minimal upkeep and maximum returns. With its strategic location and recent enhancements, this triplex is ready to deliver a great living experience for tenants and a profitable investment for its new owner. Don't miss this opportunity to own a versatile property in a thriving community!
Buyer to verify all facts and figures.
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