10 Unit Bulk Condo Package For Sale In Phoenix AZ – Papago

Papago Springs – 10 Units (Bulk Condos)

1819 North 40th Street, Phoenix, Arizona

$450,000

8,550 SF Bldg

10 Units

7.15% Cap Rate

Garden/Low-Rise

10 Unit Bulk Condo Package For Sale In Phoenix AZ – Papago Springs. Papago Springs Condominium is a 103-unit, garden-style condominium community located in east Phoenix. Built in 1972, Papago Springs is constructed of wood-frame with built-up roofs. The Property was renovated for condo-conversion in 2007. The units available for sale are comprised of ten (10) two-bedroom / one-and-one-half-bath units of approximately 855 square feet. The units are equipped with stainless steel appliances, all-in-one washer/dryer, updated cabinets and countertops, walk-in closets*, individually controlled HVAC, catv and internet. Common area amenities include a fitness center, swimming pool, barbecue areas, controlled access gates and mature landscaping including several mature shade trees and ample parking. The two bedroom condominium homes are individually metered for electricity. The homeowners association dues ($135/unit) are paid monthly and cover water, sewer, trash, common area maintenance, common area insurance and roof repairs. ( * ) =Select Units.

DRIVE BY ONLY. PLEASE DO NOT WALK OR TALK TO ANYONE ON THE PROPERTY. PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CALL LISTING AGENT FOR ADDITIONAL INFORMATION. THANK YOU.

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