School District: 001 - Phoenix Elementary District
Address: 1017 E GARFIELD Street
Neighborhood: New Build Triplex, Highland Addition Lots 93-102
$6100/m total rents start 1/1/2021 (1 yr lease). 6.5 CAP projected w/ this High-Quality new construction triplex, located in the Historic Garfield District. Close to LRT, ASU/UA campuses, & heart of Downtown. Two story structure built in 2019 w/ Certificate of Occupancy early '20. Reputable local architect & builder. High-end finishes w/ a marvelous design & layout. All three units on a master lease to one tenant at $6100/month, $73,200/annually, starting 1/1/2021. Very low expenses. Self-managed w/ no deferred maintenance. Seller pays w/s, outside electric, landscaping. Upper unit is 1924 SF w/ 2 bedrooms/2 baths; lower includes a 783 SF 1 bed/1 bath, along w/ a 697 SF 1 bed/1 bath (105 SF staircase). Interior showings in escrow only. Buyer to complete/rely on own due diligence.
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