18 Condos in a newly renovated, gated community in Phoenix, for just $1,495,000 ($83,000 per condo). 18 Individual Titled Condominiums, Private Balconies, New Roof in 2015, Granite Kitchen Countertops, Stainless Appliances (Fridge, Dishwasher, Oven, Garbage Disposal, Hood Fan), Washer & Dryer in the units, Individually Metered Electricity for each unit, Gated Community, Pool / Hot Tub. There could be a huge upside as these units were selling for up to $142,000 per unit in 2007 and a proposed new development next door (projected sell price $180,000+ per unit according to developer); Actual CAP is 7%.
Phoenix condo deal
By Ozzie Jurock|2016-02-13T09:41:40-08:00February 13th, 2016|Categories: Ozzie's Insider Deals|Tags: arizona, condo, gated community, investment, phoenix, real estate, usa|0 Comments
About the Author: Ozzie Jurock
Ozzie helps subscribers build an action plan toward real estate success with his Oz Buzz Blog and Podcasts, arming investors with the best information and insights possible with his Land Rush/Outlook conferences. More info OzzieJurock.com
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