Investment Summary

• 316-322 E Vogel Ave presents a fully occupied, fee-simple triplex investment in North Phoenix. The property contains 3,691 square feet across three residences: two spacious three-bedroom homes and one casita, providing a diversified unit mix that appeals to a broad tenant base. More than $19,000 in documented recent improvements includes interior painting, doors and hardware, lighting and ceiling fans, kitchen and bathroom updates, blinds, safety upgrades, and electrical service improvements. Each unit offers individual living space, while residents also benefit from an inviting common BBQ and gathering area. The 13,375-square-foot site includes storage that may offer future ancillary-income potential. With established occupancy, recent improvements, an attractive unit mix, and convenient access to Central and North Phoenix employment, shopping, and transportation corridors, the property offers immediate income with long-term rental upside. Buyer to verify all facts and figures.
• FINANCIAL HIGHLIGHTS • Asking Price: $845,000 • Price Per Unit: $281,667 • Current Gross Potential Income: $68,700 • Current Effective Gross Income: $66,720 • Annual Operating Expenses: $17,601 • Current Net Operating Income: $49,119 • Current Capitalization Rate: 5.81% • Current GRM: 12.30 • Pro Forma Rents: $2,500 per three-bedroom unit and $1,200 for the casita • Pro Forma Gross Potential Income: $77,100 • Pro Forma Effective Gross Income: $74,787 • Pro Forma Net Operating Income: $57,186 • Pro Forma Capitalization Rate: 6.77% • Pro Forma GRM: 10.96 • Underwriting includes a 3% vacancy allowance and $2,700 in annual utility reimbursements. Buyer to verify all financial information, assumptions, rents, expenses, and projections.