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$1,000/Month Cash Flow | 720 E Montecito Ave

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Property Type: Sold Inventory  

montecito-front

This is an excellent opportunity to own a cash flowing Metro Phoenix 3 plex.  Very clean with ample parking for the tenants. Easy to rent and convenient to the downtown attractions. Very close to a Hospital and an Elementary School that is directly across the street. If you are looking for a turn key investment that runs itself then look no further.  The property last sold for $235,000 in August of 2007. 

Zillow Comps

The property has two 2 bed 1 bath units and one 1 bed 1 bath unit. 

The property comes with:

1. 3 Month Rent Guarantee
2. Assignment of Security Deposits and Rents
3. $2,500 Credit Toward Closing Cost

Won’t last long, so call today to reserve this property:

888-643-0194 Ext 3

Estimated Cash Flow Analysis

deal-sheet3

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Property Details

Esimated Value Range:  $168,000 - $185,000

Sale Price:  $144,900

Down Payment:  $36,255 (25%)

Parcel Number:  155-19-027

Address:  720 E Montecito Ave

City:  Phoenix

State:  AZ

Zip Code:  85014

Cash Flow:  $1,000/ Mo

Square Feet:  2,400

Bedrooms:  (Two) 2 Bed 1 Bath & (One) 1 Bed One Bath

Bathrooms:  (Two) 2 Bed 1 Bath & (One) 1 Bed One Bath

Year Built:  1955

Rental Amount:  $2,050

Property Taxes:  $1,333

Property Insurance:  $1,000

Property Includes:  1. 3 Month Rent Guarantee 2. Assignment of Security Deposits and Rents 3. $2,500 Credit Toward Closing Cost

Additional Features:  Each unit has a 12 month lease starting Sept 1 2009.

Additional Photos

$1,000/Month Cash Flow | 720 E Montecito Ave $1,000/Month Cash Flow | 720 E Montecito Ave $1,000/Month Cash Flow | 720 E Montecito Ave $1,000/Month Cash Flow | 720 E Montecito Ave $1,000/Month Cash Flow | 720 E Montecito Ave
Cash Flow Properties For Sale