8 on vogel
MHG Commercial
Your partner in commercial real estate
55 N Arizona Pl | Suite 104
Chandler, AZ 85225 | United States
mhgcommercial.com
a division of My Home Group
1802 W Vogel Avenue, Phoenix, AZ 85021
Investment
8
2
±21,000 SF
6
10
4
2
2
158-21-082
Number of Units
Buildings
Lot Size
Covered Parking
Uncovered Parking
1 Bedroom Units
2 Bedroom Units
3 Bedroom Units
Parcel Number
Summary
Net Operating Income
Adjusted Annual Gross Income
- Annual Operating Expenses
= Annual Net Operating Income
Cap Rate
$177,087
$35,005
$142,082
8.12%
Owner Pays: Water; Sewer; Electric; Gas; Trash Collection; Landscaping
$1,350,000
Every interior has
been renovated with
all new appliances!
Description
A multi-unit residential building, which features shared laundry facilities with new washer/dryers that are accessible to tenants. Additionally, the property has RUBS in place per unit for power costs. Gas is onsite, and there are six shared water heaters.
Units 1-4 share the green space to enjoy outdoor living. Each unit also has a patio and/or yard space. Onsite storage for owner's maintenance items.
Guaranteed rental income from six section 8 tenants already in place. One unit is currently being completed and the remaining three will also be rented to section 8 tenants.
Rent Roll
This charming area boasts a delightful mix of residential homes, apartments, and multi-unit buildings. Getting around town is a breeze with major freeways like the I-17 and AZ-51 located nearby, providing convenient access to other parts of the city. Public transportation options are also available, allowing residents to commute with ease.
The area's breathtaking parks and outdoor spaces, such as Cave Creek Park and the North Mountain Preserve, offer hiking trails, picnic areas, and stunning views. When it's time to wind down, there are plenty of options to indulge in, including several shopping centers and restaurants, including the Metrocenter Mall and a variety of fast-food chains.
MHG Commercial
Your partner in commercial real estate
55 N Arizona Pl | Suite 104
Chandler, AZ 85225 | United States
mhgcommercial.com
A Division of My Home Group
Exclusively listed by:
Carla Magee
Senior Commercial Advisor
480-359-7796
Disclaimer
The information and content contained in this Offering Memorandum ("OM") is proprietary and strictly confidential. It is intended to be reviewed only by the party in receipt and should not be made available to any other person or entity without the written consent of MHG Commercial Real Estate brokered by My Home Group ("MHG"). This OM has been prepared to provide a summary to prospective buyers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. MHG has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any buyer/tenant, or any buyer/tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this OM has been obtained from sources we believe to be reliable; however, MHG has not verified, and will not verify, any of the information contained herein, nor has MHG conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Buyers/tenants must verify all of the information and bears all risk for any inaccuracies. All prospective buyers/tenants must take appropriate measures to verify all of the information set forth herein.
By accepting the terms of this Disclaimer you agree to release MHG and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase/lease of this property.
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE LISTING AGENT FOR MORE DETAILS.