Investment Property: 8510 N 34th Avenue
Great Arizona investment property opportunity! Purchase this completely renovated gem priced at $109,900.
Status: Available (Lease Purchase Opportunity)
Newly renovated Phoenix, Arizona investment property
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Description:
Completely remodeled 3 bedroom/2 bathroom home in Phoenix. Gorgeous kitchen with custom cabinetry, slab granite counter tops, black appliances (including 5 burner gas stove), huge island with breakfast bar. 20′ tile flooring and plush carpeting throughout home. Brushed nickel lighting/fixtures, new doors and hardware.
Property is located on a quiet cul de sac, which is a great location for a family. It is close proximity to restaurants and shopping and close to the I-17.
Investor Information:
Dwelling Type: Single Family – Detached
Home Square Footage: 1,540
Lot Square Footage: 9,627
Level: Single Level
Year Built: 1961
Parking: 2 Car Garage
Beds: 3
Baths: 2
Fireplace: No
Pool: No
Hoa: No
Rents: $1,000*
Projected Cap Rate: 8.25%*
LEASE PURCHASE OPPORTUNITY
Lease Purchase Details
1 year lease with a monthly payment of $1,000, with the option to purchase the property at a negotiated price (typically 10% higher than the acquisition price). Total ROI potential estimated over 15%.
*The rental amount and capitalization rate is based on lease option figures for this property. Expenses used in this calculation are the 2010 property tax bill and $75/mo homeowners ins.. This is strictly a projection and may vary depending on when the property is acquired and based on any changes to the lease option contract terms. For more information on this property and/or to discuss the lease option in more detail, please contact Clear Vision Investment Group.
