Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan .
This portfolio sale 1614/1608 W Osborn and must be purchased together for a total sales price 1,399,000. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents. All units have private yards. Super close to Phoenix College, near restaurants, and shopping.