1130 E Butler RD, Unit C3, Phoenix Az 85020
Are you looking for an investment condo in the Sunnyslope area?
Don’t miss this great investor opportunity in the up and coming area of Sunnyslope. This 2 bedroom / 2 bathroom condo is on the 1st floor for easy access. The 1000 SF of living area provides a roomy feel. This is a small community consist of 36 units, complete with a community pool.
This condo has fresh paint, diagonal tile floors, newer cabinets, and countertops. Units in this area rent from $700 – $900 per month.
This unit has a tenant with a 12 mo lease renting for $775 per month. The Hillside Terrace condominium is a community that is minutes from Northern Blvd, convenient to highway 51 and I 17. What a great central rental location! Great rental demand.
The rent rates in the Phoenix metro area are on the rise and this is a great investment opportunity.
If you are just starting out investing in real estate, you may want to read more on How to Invest in Real Estate.
When looking for investment property, one key factor is rentability. A unit with 2 bedrooms and 2 bathrooms is very desirable for individuals or families. Units are up to date and have ceiling fans are sure to attract renters who want to stay long term.
This area of Phoenix has many great restaurants and dining opportunities as found here on YELP.
Today many investors obtain loans for investment property. There are many loan programs available to investors with varying amounts of down payments required. Some communities will accommodate condos or town houses purchased with a mortgage, and some may not. Some communities do not have sufficient reserves to satisfy a lender. Before buying any property, be sure you are familiar with the Covenants, Conditions, and Restrictions (CCRs) of a given community.
To see this property or other investment opportunities, please contact Shirley Coomer, Keller Williams Realty Sonoran Living, scoomer@kw.com. 602.770.0643
