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Investment Offering

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Investment Offering

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  1. Investment Offering INVESTMENT HIGHLIGHTS • Excellent Purchase Opportunity in Phoenix, AZ • Turnkey Triplex in Coronado Historic District • Fully remodeled property inside and out • Three 2 bed/2 bath, 740 SF each • Stackable Washer/Dryer in each unit • Private yards for each unit • Individually Metered for Electric and Gas • Master Metered for Water • 100% Occupied, Premium Rents, Solid 6% Cap • Residential Financing Available Lisa J. Richardson, CCIM Cell: 602-770-8063 lrichardson@ccim.net Steve Lins Cell: 602-300-0753 stevelins@hotmail.com 2200 E. Camelback RD #110 Phoenix, AZ 85016 Office 602-264-8400

  2. Investment Offering Phoenix neighborhood takes spot on 10 fastest-gentrifying areas in US BY KTAR.COM | APRIL 26, 2019 AT 11:40 AM  UPDATED: APRIL 26, 2019 AT 4:44 PM PHOENIX – A Phoenix neighborhood is making waves in the real estate market as one of the fastest-gentrifying areas in the country. Realtor.com placed Encanto Village in central Phoenix in the seventh spot in rapid shifting of a neighborhood’s makeup through home renovations and rebuilding. The neighborhood, with a median average price listing of $315,000, has become a place of home buying interest to new residents, the website noted. Much of that has to do with the Coronado Historic District’s desirable 1920s bungalows. Over five years prices in Phoenix’s 85006 ZIP code have changed 98.3%. The website chose one ZIP code per city, evaluating them on changes in: median household income, median home sale price, share of residents older than 25 with a bachelor’s degree or higher; share of residents older than 25 with a master’s degree. The ZIP code stretches east to west from Seventh Street to 24th Street and north to south from Thomas Road to Van Buren Street. Encanto Village finished ahead of Lawrenceville in Pittsburgh, Pennsylvania; Olde Kensington in Philadelphia, Pennsylvania; and Eastside Promise in San Antonio, Texas. Rivertown in Detroit, Michigan, topped the list. The rest of the top 10 were Little Haiti/Liberty City in Miami, Florida; Lockwood in Charlotte, North Carolina; Johnson Terrace in Austin, Texas; downtown/Patterson Green in Raleigh, North Carolina; and Uptown in Oakland, California. Lisa J. Richardson, CCIM Cell: 602-770-8063 lrichardson@ccim.net Steve Lins Cell: 602-300-0753 stevelins@hotmail.com 2200 E. Camelback RD #110 Phoenix, AZ 85016 Office 602-264-8400

  3. Investment Offering SUMMARY Subject property: 1232 E. Virginia Phoenix, AZ 85006 Year Built: 1945 Building Area: 2,220 Lot Size: 7,277 Assessor’s Parcel #: 117-21-120 Number of Units: 3 Unit Mix: 3 – 2 Bed/2 Bath Ranch Style Parking: 6 uncovered, assigned spaces VALUATION SUMMARY Price: $660,000 Price per unit: $220,000 Price per SF: $297.30 Lisa J. Richardson, CCIM 602-770-8063 Steve Lins 602-300-753 SJ Fowler Real Estate, Inc. makes no warranty or representation, about the content of this brochure. It is the responsibility of the prospective buyer to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property.

  4. Investment Offering Unit Mix Amenities Location Units Type S.F. Rent Rent/S.F. Complex Amenities Individually Metered Electricity and Gas Master Metered Water Onsite Parking Pet Play Area Unit Amenities Fully Remodeled Stackable Washer/Dryer Refrigerator Dual Pane Windows Stove, Microwave Private Patio Cable Available High-speed Internet Available Ceiling Fans Smoke Detectors 3 2/2 740 $1465 $1.98/SF Actual Income Gross Scheduled Rent $52,740 Less Vacancy 5% (2,637) Gross Operating Income $50,103 Expenses Taxes $883 Insurance $750 Property Management $5010 Maintenance and Repair $900 Utilities – Water/Sewer/Trash $1,380 Landscaping $960 Reserves $600 Total Operating Expenses$10,483 Expense/Unit $3,494 Expense/SF $4.72 Net Operating Income$39,620 Cap Rate 6.0% Lisa J. Richardson, CCIM 602-770-8063 Steve Lins 602-300-0753 SJ Fowler Real Estate, Inc. makes no warranty or representation, about the content of this brochure. It is the responsibility of the prospective buyer to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property.