DDL Management Inc
Listed by DDL Management Inc
$1,200,000
Oleander Apartments
Details
APN 132-13-035 & 132-13-034
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,290
Net Rentable (SqFt) 3,290
Units 5
Cap Rate 6.03%
NOI $72,317
Occupancy 100%
Price per SqFt $365
Year Built 1958
Year Renovated 2019
Buildings 2
Stories 1
Lot Size (SqFt) 7,070
Zoning R-2 Multifamily Residential
Parking Spaces per unit
Investment Type Stabilized
Occupancy Date 08/01/2019
Ground Lease No
Ownership Fee Simple
Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale.
Marketing description
Price Drop $95,000!! Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.
Investment highlights
See Marketing Description
Listing Contacts
DDL Management Inc
Listed by DDL Management Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,317.00
$6,026.42/mo
Valuation Metrics
0
DSCR
6.03%
Cap Rate
6.03%
ROI
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