The residents are extremely satisfied!This fourplex is fully occupied and offers an excellent mix of units. It is low maintenance and features a Master Metered system with individual air-conditioners. Conveniently located near the freeway and schools, it provides easy access.There are two RV entrances on each side of the property, and the entire perimeter is fenced. Residents have access to the back alley trash area. All units have been recently painted, and the roofs were replaced in 2021. Additionally, a new 50-gallon water heater was installed in 2021.
Here is the breakdown of the units and their respective monthly rents: Unit 1: 3 bedrooms, 1 bathroom, 1048 square feet - Rent: $1,550/month
Unit 2: Studio, 300 square feet - Rent: $500/month
Unit 3: 2 bedrooms, 1 bathroom, 720 square feet - Rent: $1,200/month
Unit 4: 1 bedroom, 1 bathroom, 420 square feet - Rent: $995/month
Please note that there are additional utility costs for Units 1 and 2. On average, the bills are as follows: $380 for electricity, $130 for water, and $80 for gas.
The total monthly gross income for the property is $4,255, with Unit 1 tenant responsible for 65% of the utilities. The yearly gross income amounts to $60,657.
It is important for the buyer to verify all the provided facts and figures, including the master meter for electricity, gas, and water.
The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the Russ Lyon Sotheby's International Realty. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 25th September, 2023 3:04 AM (UTC)