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.
Based on the average sale price from the Tempe, AZ office
Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.
Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
417 N Hill -- Mesa, AZ is a Single Family Home for sale at $1100000 with 6848 sqft and a lot size of Acre(s). 417 N Hill -- Mesa has 16 bedrooms, 8 baths and was built in 1963. The property's zip code is 85203 which is in Mesa, AZ
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.