Arizona Investment Property

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Investment Property: 8510 N 34th Avenue

Great Arizona investment property opportunity!  Purchase this completely renovated gem priced at $109,900.

Status: Available (Lease Purchase Opportunity)

Newly renovated Phoenix, Arizona investment property

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Completely remodeled 3 bedroom/2 bathroom home in Phoenix.  Gorgeous kitchen with custom cabinetry, slab granite counter tops, black appliances (including 5 burner gas stove), huge island with breakfast bar.  20′ tile flooring and plush carpeting throughout home.  Brushed nickel lighting/fixtures, new doors and hardware.

Property is located on a quiet cul de sac, which is a great location for a family.  It is close proximity to restaurants and shopping and close to the I-17.

Investor Information:

Dwelling Type: Single Family – Detached
Home Square Footage: 1,540
Lot Square Footage: 9,627
Level: Single Level
Year Built: 1961
Parking: 2 Car Garage
Beds: 3
Baths: 2
Fireplace: No
Pool: No
Hoa: No
Rents: $1,000*

Projected Cap Rate: 8.25%*


Lease Purchase Details

1 year lease with a monthly payment of $1,000, with the option to purchase the property at a negotiated price (typically 10% higher than the acquisition price).  Total ROI potential estimated over 15%.

*The rental amount and capitalization rate is based on lease option figures for this property.  Expenses used in this calculation are the 2010 property tax bill and $75/mo homeowners ins..  This is strictly a projection and may vary depending on when the property is acquired and based on any changes to the lease option contract terms.  For more information on this property and/or to discuss the lease option in more detail, please contact Clear Vision Investment Group.

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