3131 W Cochise Dr W #121 Phoenix, AZ 85051

Listing details for 3131 W Cochise Dr W #121, Phoenix, AZ 85051 : Terrific ground level, corner unit location. Living room and patio face a landscaped common area. Access to patio from living room or bedroom. New paint throughout. New carpet in living room, bedroom and walk-in closet. New range/oven. This is the least expensive unit for sale in the complex by tens of thousands of $$$. One can move in immediately or treat this as a blank canvas. See the other units currently for sale in complex for an idea of what is possible. One of the owners is a licensed real estate broker. This is not a flip; same owners since 2002. Last tenant stayed ten years. Most recent rent was $755/mo. incl. electric which averaged $90./mo. If interested as an investment, work the numbers: HYPOTHETICAL SCENARIO: RENT = $650. (with tenant paying own electric) X 12 = $7,800.00/YR. MINUS HOA = $218.15 X 12 = $2,617.80/YR. TAXES $319.30/YR. (2014) INSURANCE $155.00/YR EQUALS $4,707.90 or a 11.8% return on list price. Prospective purchasers should independently verify all information to their satisfaction. We have no reason to doubt its accuracy, but do not guarantee it. ****************************************************************************************** From the original sales materials: "Continuous hot water included in low association fees." "Thermostatically controlled cooling included in low association fees." **************************************************************************************** Please include the following in any offer: "Buyer hereby acknowledges that Donald R. Busching, one of the owners, is a licensed real estate broker in Arizona."