2222 E GARFIELD Street, Phoenix, AZ 85006 (MLS# 6688201)

Project Type: Four Plex

Construction: Block

Const - Finish: Stone

Roofing: Comp Shingle

Floors: Ceramic Tile

Sale Includes: Land & Building; Personal Property; Laundry Equipment

Community Amenities: No Pool; Other; See Remarks

Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Security Light(s)

Interior Amenities: Fire/Smoke Alarm(s); Other (See Remarks)

Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other (See Remarks)

Heating: Individual; Heat Pump

Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual

Water: City Franchise; Master Meter

Sewer: Sewer - Public

Electric: APS; Individual Meter

Gas: None

Parking: >1 Space Per Unit; Free; Paved Parking

Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley

Owner Pays: Water; Trash Collection; Landscaping

Tenant Pays: Electric; Cable TV

Source of Fincl Data: Projected Proforma

Showing Notification Methods: Text

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

Existing 1st Ln Type: Not Applicable

Existing 1st Ln Trms: Not Applicable

Existing 2nd Ln Type: Not Applicable

Existing 2nd Ln Trms: Not Applicable

Existing 3rd Loan: Other (See Remarks)

Existing 3rd Ln Type: Not Applicable

Existing 3rd Ln Trms: Not Applicable

Existing Othr Ln Trm: Not Applicable

New Financing: VA; FHA; Conventional

Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)

Environmental: None

<á **Investment Opportunity: Prime Real Estate with High Potential** Introducing a lucrative investment opportunity in the heart of Garfield District, presenting a meticulously renovated 4-unit property poised to deliver exceptional returns. Situated in a highly sought-after area, this property is strategically positioned near hospitals, ensuring a steady flow of potential tenants seeking convenient accommodation. With a Certificate of Occupancy expected by the end of May, this property shows an rental income upon acquisition. **Property Overview:** - **Unit Mix**: - 1 x 3 Bedroom, 2 Bath - 2 x 2 Bedroom, 1 Bath - 1 x 1 Bedroom, 1 Bath - **Complete Renovation**: Total gut and remodel, ensuring a modern and attractive living space. - **Key Improvements**: - New Plumbing, Electric, and Roof with Reinforced Joists - New Flooring, Air Conditioning, and Exterior Stucco - New Concrete Walkways and Parking Spaces for Tenant Convenience - New Dual Pane Windows and Exterior Doors for Energy Efficiency and Security - New Ceiling Fans in Living Room and ALL Bedrooms for Comfort - New Landscaping for Enhanced Curb Appeal - New Cabinets, Bathrooms, and Stainless Appliances for Modern Living - New Quartz Countertops for a Sleek Finish **Investment Highlights:** 1. **High Demand Location**: Proximity to hospitals ensures a consistent pool of potential tenants, including healthcare professionals and staff. 2. **Turnkey Investment**: With permits closed and a comprehensive renovation nearing completion, investors can expect immediate rental income without the hassle of further improvements. 3. **Diverse Unit Mix**: Catering to various tenant preferences, including families, professionals, and individuals, maximizing occupancy rates and rental income potential. 4. **Quality Craftsmanship**: Renovation carried out with meticulous attention to detail and quality materials, ensuring durability and tenant satisfaction. 5. **Attractive Amenities**: Modern amenities such as ceiling fans, stainless appliances, and quartz countertops offer tenants a comfortable and stylish living experience. 6. **Strong Rental Market**: [Location] boasts a robust rental market, offering stability and potential for long-term capital appreciation. **Investment Strategy:** - **Immediate Income Generation**: Start earning rental income as soon as the Certificate of Occupancy is issued, maximizing return on investment. - **Long-Term Appreciation**: Capitalize on the property's potential for appreciation in value, driven by its prime location and high-quality renovations. - **Tenant Retention**: Provide exceptional living standards to attract and retain quality tenants, ensuring consistent cash flow and minimal vacancy rates. Don't miss out on this exceptional opportunity to invest in a newly renovated property with immense income potential.