Description
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.
Address
Open on Google Maps- Address 2206 W HEATHERBRAE Drive
- City Phoenix
- State/county AZ
- Zip/Postal Code 85015
- Area N/A
- Country US
Details
Updated on December 5, 2024 at 1:06 am- Property ID: 6779150
- Price: $499,999
- Garage Size: x x
- Year Built: 1963
- Property Type: Multiple Dwellings
- Property Status: Active
- MLS#: 6779150
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