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Income-Generating Triplex Near Grand Canyon University & I-17 Freeway - 8.16% Cap Rate with Value-Add Potential. This centrally located triplex is a prime opportunity for savvy investors or first-time homebuyers seeking a property with strong income potential and room for growth. Featuring three 2-bedroom, 1-bathroom units, each equipped with private patios, this property offers desirable living spaces for tenants. Currently, each unit is rented at $1,200 per month, producing an annual income of $43,200 and a solid 8.16% cap rate. However, there's additional value to be unlocked as current rents are below market value, allowing for potential increased returns. Located just minutes from Grand Canyon University and with easy access to the I-17.PROPERTY FEATURES
Water Source :
City Franchise
Sewer Source :
Public Sewer
Electric :
APS
Community Features :
No Pool
Parking Features:
1 Space/Unit
Cooling:
Electric
Heating :
Electric
Construction Materials:
Painted, Stucco, Frame - Wood
Flooring :
Vinyl, Concrete
PROPERTY DETAILS
Street Address: 2206 W HEATHERBRAE Drive
City: Phoenix
State: Arizona
Postal Code: 85015
County: Maricopa
MLS Number: 6779150
Year Built: 1963
Courtesy of A.Z. & Associates
City: Phoenix
State: Arizona
Postal Code: 85015
County: Maricopa
MLS Number: 6779150
Year Built: 1963
Courtesy of A.Z. & Associates
Courtesy of RETSY