flyer - Kasten Long Commercial Group

klcommercialgroup.com

flyer - Kasten Long Commercial Group

CAMELBACK CORRIDOR 4-PLEX

4 Units

Offered at $275,000 ($68,750/u)

4355 N. 36 th Place

Phoenix, Arizona

Outstanding Camelback Corridor location. These large, charming units built in 1961 of quality

block construction are kept in excellent condition. Property features mature landscape, covered

parking and on-site laundry. It is very easy to rent to quality tenants. This is a rare opportunity for

an investor to buy a premium 4-plex along the Camelback Corridor. Drive by only! Do not disturb

tenants.

♦ Outstanding location

♦ High demand rental area

♦ Individually metered for electric

♦ Covered parking

♦ Surrounded by major employers/retail ♦ On-site laundry

For More Information Please Contact:

Jan A. Long, CCIM

Tel: 602 445 4115

Cell: 602 432 9882

Jan@KLCommGroup.com

2821 E Camelback Road Suite 600; Phoenix, AZ 85016

www.KLCommercialGroup.com


INCOME / EXPENSES

SITE INFORMATION

Actual Rent

Units Mix Size (sf) Rent Rent/sf per Month

2 1/1 748 $612 $0.82 $1,224

2 2/1 975 $667 $0.68 $1,334

4 3,446 $2,558

Actual

Gross Monthly Income $2,558

Gross Scheduled Annual Income $30,696

Vacancy (5%) ($1,535)

Other Income (laundry) __ $600

Gross Operating $29,761

Estimated Expenses ($12,011)

($3,003/unit, $3.49/sf)

Net Operating Income $15,369

Estimated Annual Expenses:

Maintenance, Repair, Supplies 3,500

Utilities

Water, Sewer, Trash 4,484

Electric 885

Insurance 921

Real Estate Tax (2012) 1,621

Privilege tax 600

Total Expenses $12,011

FINANCING AND INVEST RETURN

$ 275,000 Offering Price

$ 68,750 25% Down Payment

$ 206,250 Proposed Loan (4.2%, 30 Yr Am)

4355 N 36 th Pl, Phoenix, AZ 85018

Units 4

Building Size 3,446 sf approx.

Lot Size 10,721 sf (0.25 acre - per county)

Parcel 170-26-047

Cool/Heat Roof mounted A/C’s

Hot Water Electric

Construction 1961 block construction

Roof

Built up

Parking Covered private and street

Utilities Indiv. metered for electric

PROPERTY INFOMATION

This Camelback Corridor 4-plex, built in 1961, is a singlestory,

slump block building with 2 one-bedroom one bath

and 2 two-bedroom one-bath units. In excellent condition,

all four units are very well maintained. Water lines were

recently replaced from the street with copper & interior lines

are PVC. The electric wiring is all copper.

The location and excellent condition of the property offer an

investor a solid upside for rents and appreciation. There

may also be opportunities to lower current expenses and

significantly increase cash flow.

The area offers easy access to major transportation

arteries, the Biltmore area, Arcadia, the City of Scottsdale,

multiple employment opportunities, retail, parks, recreation

and a rich variety of nightlife. This is a great opportunity

for an investor to purchase a premier 4-plex in an

outstanding Camelback Corridor location.

Estimated Cash Flow

$ 17,750 NOI

$ 12,103 Loan Payments

$ 5,647 Annual Cash Flow

Return on Investment

$5,647 / $68,750 = 8.2%

SALE INFORMATION

Offering Price $ 275,000

Price / Unit $ 68,750

Price / sf $ 79.80

Cap Rate 6.5%

GRM 9

Jan A. Long, CCIM,

602 445 4115 direct

Jan@KLCommGroup.com

www.KLCommercialGroup.com

Directions: Go south from Camelback Rd. on 36 th St., then

east on Turney Av., then south on 36 th Pl. (Cul-de-sac).

The information contained herein is from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee,

warranty or representation about it. The Purchaser is advised to independently verify the accuracy and completeness of the information in order to determine the

suitability of the property for the Purchaser’s needs.

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