catalina flats for sale: $525,000€¦ · catalina flats for sale: $525,000 • excellent midtown...
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Brandon KoplinD 480.214.1103M [email protected]
Executive Contact:
FOR SALE: $525,000CATALINA FLATS • ExcellentMidtownLocation• NewRoof(2018)• NewHVAC(2018)• GatedParking• EasyManagement
- ±3,512 SF Building- ±9,757 SF Lot- 4/1000 SF Parking Ratio- 7 Units- 100% Occupied
Feelfreetodrivethepropertybutdonotmakecontactwithtenantsormanagement.
1606ECatalinaDrive|Phoenix,AZ85016
Brandon KoplinD 480.214.1103M [email protected]
Executive Contact:
1606 E Catalina DrPhoenix, AZ 85016
Studio Lease DetailsUnit Rent/Mo Deposit Lease Start Lease End
A $625.00 $625.00 3/1/2018 2/28/2019
B $500.00 $0.00 3/1/2018 9/30/2018
C $625.00 $625.00 3/15/2018 2/28/2019
D $625.00 $1,000.00 3/30/2018 3/30/2019
E $600.00 $1,000.00 4/1/2018 3/30/2020
F $700.00 $0.00 3/20/2018 9/30/2018
G $825.00 $825.00 3/23/2018 9/30/2018
Total $4,500.00
All tenants reimburse a protion of their electric
Expense BreakdownExpenses Mo Yr
Dumpster $50 $600
Water/Sewer* $50 $600
Insurance $91 $1,094
Electric $600 $7,200
RE Taxes $417 $5,004
Management $100 $1,200
Total $1,092 $15,698
Gross Annual Income $54,000
Annual Expenses $16,897
Net Annual Income $37,102
Purchase Price $525,000
Cap Rate 7.07%
Bell Rd
7th
Ave
Buckeye Rd
Elliot Rd
Peoria Ave
Southern Ave
Happy Valley Pkwy Happy Valley Rd
85
Camelback Rd
Gilb
ert R
d
Verr
ado
Way
Thomas Rd
Lake
Ple
asan
t
University Dr
Ray Rd
Mille
r Rd
Wat
son
Rd
99th Ave
Dunlap Ave
Mes
a Dr
Warner Rd
University Dr
Northern AveGlendale Ave
107t
h Av
e
19th
Ave
Sariv
al A
ve
Ellsw
orth
Rd
Arizo
na A
ve Pow
er R
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Shea Blvd
Tatu
m B
lvd
Cave
Cree
k Rd
Coun
try C
lub
Rura
l Rd
Bell Rd
75th
Ave
7th
St
McDowell Rd
Chandler Blvd
N 16th St E Catalina Dr
The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representation about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 10 10 18