2610 N 24th Street, Phoenix, AZ 85008

$1,450,000
List Price
$1,450,000
Status
ACTIVE
Days on Market
17
MLS#
6662622
City
Phoenix
Year Built
1937

Property Description

The Property &#127969; **Investment Opportunity in Phoenix, AZ - Master Leased Triplex** Welcome to 2610 N 24th St, Phoenix, AZ 85008 - a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it's a gateway to consistent passive income and peace of mind. See Suppliment The Property <á **Investment Opportunity in Phoenix, AZ - Master Leased Triplex** Welcome to 2610 N 24th St, Phoenix, AZ 85008 - a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it's a gateway to consistent passive income and peace of mind. **Key Features:** = **Master Lease with an Alcohol Sobriety Company:** The property is master leased to a reputable alcohol sobriety company, ensuring a steady stream of income. With the tenant bearing all expenses except property insurance and taxes, you can enjoy hassle-free ownership while maximizing your returns. =° **Lucrative Lease Terms:** The lease agreement secures a monthly income of $6,500, with a 5% rental increase annually, guaranteeing growth in your investment over the three-year lease period. <Þ **Exceptional Amenities:** Step into a tranquil oasis boasting an amazing courtyard adorned with a spa, BBQ area, firepit, and a putting green. This meticulously designed space enhances the property's appeal and ensures tenant satisfaction. <à **Tasteful Decor and High Success Rate:** Every detail of this property has been carefully curated, offering a tastefully decorated environment that contributes to its high success rate. Experience the simplicity of investing with a property that not only meets but exceeds expectations. **Why Invest Here?** =È **Stability and Convenience:** Enjoy the simplicity of investing with a property that offers stable returns and minimal management requirements. With the tenant handling most expenses, you can focus on reaping the rewards of your investment effortlessly. < **Residential Loan Eligibility:** Unlike many commercial properties, this triplex is eligible for residential loans, making financing more accessible and convenient for potential investors. = **Verify and Secure Your Investment:** While we provide you with comprehensive details, we encourage potential buyers to verify all facts and figures to ensure confidence in their investment decision. Don't miss out on this exceptional opportunity to secure a prime investment property in Phoenix, AZ. Whether you're a seasoned investor or just starting, this master leased triplex offers simplicity, stability, and significant potential for growth. Contact us today to learn more and take the first step towards building your investment portfolio! *Disclaimer: Buyer to verify all facts and figures. Investment decisions should be made after thorough due diligence.*

Additional Information

Taxes
$541
Net Operating Income
$77,459
Cap Rate
5.34
Units
3
Flooring
Ceramic Tile
Parking Features
Paved Parking, Free, >1 Space Per Unit, Common
Construction
Painted, Stucco, Adobe, Frame - Wood
Roofing
Composition
Zoning
R-5
Subdivision
Greenfield Gardens Blocks 1 Thru 5
Community Features
See Remarks, Barbecue, Golf/Putting Green, Play Area, Heated Spa(s), Spa(s), No Pool
Electric
APS, Individual Meter
Water
City Franchise, Master Meter
Sewer
Sewer-In & Connected, Public Sewer
Tenant Pays
See Remarks, Trash Collection, Electricity, Water, Sewer, Cable TV, Landscaping, Pool/Spa Maintenance
New Financing
No Carry, Conventional
School District
Phoenix Union High School District

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Gerchick Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.