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Description
Welcome to Palms on Hill Apartments. This 8 unit apartment complex features one 4 plex and two duplexes on one parcel. All two bedroom one bath units, covered parking, central air, desert landscaping. Units are currently under rented at current gross rent is $6415 monthly. Value add opportunity with opportunity to raise rents. Current rent collection is about 801 a unit about a 4.76% on actual. Market rent 1,150 with remodel and raised rents proforma cap about a 7%. All facts and figures are approximate buyer verify all MLS information. Drive by only tenants are unaware of sale.
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The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the ARMLS. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 25th February, 2021 4:16 PM