Investment Property: 3407 W Ocotillo Road
Great Arizona investment property! Purchase this newly renovated investment property priced at $99,750.
Status: Available
Newly Remodeled Phoenix, Arizona investment property with double digit return possibilities.
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Description:
This beautiful remodel with open foorplan features rich maple custom cabinetry, stone look countertops, 20” tile flooring, plush carpeting, brushed nickel and fixtures, new doors and hardware, and ceiling fans in all rooms. This property also has a newer roof and air conditioning unit. There is a spacious backyard with a separate workshop.
3407 W Octotillo Road is minutes from the heart of Phoenix just off of the I-17.
Investor Information:
Dwelling Type: Single Family – Detached
Home Square Footage: 1,856
Lot Square Footage: 6,538
Level: Single Level
Year Built: 1957
Parking: 1 Car Carport, Slab
Beds: 4
Baths: 2
Fireplace: No
Pool: No
Hoa: No
Rents: 950-1,150*
Projected Cap Rate: 8.50 – 10.50%*
*The range given for the rental income and capitalization rate is calculated based on rental data from a licensed property management professional and is assuming a 2 month vacancy. Expenses used in this calculation are a 10% property management fee, $75/mo homeowners ins., and 2010 property tax bill. This is strictly a projection and may vary depending on when property is acquired. For more information on this property, please contact Clear Vision Investment Group.
