Wholesale Homes

08/18/2011

http://www.investazrentals.com/property.cfm?property_id=36743

Lots of square feet--2,090! Buy this great investment property for only $74,900. This 3 bedroom 2.5 bath house is on a corner lot, with tile roof, stucco siding and close to freeways! Will make a good rental with community pool and playground. Needs clean-up, A/C unit, paint and carpet...other minor repairs.
Comparable Sales
12209 W Mohave St, Avondale - Sold 4/20/11 - Price $97,500
12026 W Apache St, Avondale - Sold 4/28/11 - Price $94,900
11771 W Mohave St, Avondale - Sold 5/25/11 - Price $109,000
1322 S 121st Dr, Avondale - Sold 7/26/11 - Price $94,000

08/17/2011

http://www.investazrentals.com/property.cfm?property_id=36741

East valley rental home already in rent-ready condition! This home sits on a large lot with a covered back patio, RV gate and plenty of room to add a pool. It has been freshly painted, new carpet, hardwood floors and has a separate family and living room. Built in 1993 this 3 bedroom 2 bath home has 1,397 square feet. Easy to maintain with desert landscaping and tile in all high traffic areas. Easy access to L202 and the 60 Freeways. Price $94,900

Comparable Sales
8134 E Dartmouth St, Mesa - Sold 3/10/2011 - Price $110,000
7935 E Covina St, Mesa - Sold 6/3/2011 - Price $112,000
7927 E Covina St, Mesa - Sold 7/19/2011 - Price $115,000
7922 E Dartmouth St, Mesa - Sold 6/29/2011 - Price $117,500

08/16/2011

http://www.investazrentals.com/property.cfm?property_id=36702

Estimated Cap Rate is 8-10% Based on Current Market Rents!
This newer home–built in 2006–would make a great rental, with tile roof, tile in high traffic areas, upgraded carpet and pad. This 3 bedroom, 2 bath 1809 square foot investment property is located on a corner lot with a pool. Needs some minor repairs, missing A/C unit, appliances and pool needs to be filled. Price just $71,900.

08/16/2011

The monthly numbers for July are out. Check out the link for a quick recap. You can read the entire report as well.

The Arizona Regional Multiple Listing Service (ARMLS) STAT Report for the month of July is out. Sales numbers dropped substantially, but not surprising since the June to July sales cycle has produced less results in the last 8 out of

08/15/2011

http://www.investazrentals.com/property.cfm?property_id=36714

Great 3 bedroom 2 bath rental home built in 1986 and is just over a mile from Loop 101. Has a newer kitchen that comes with range, OTR Microwave and dishwasher. Tile in all the right areas with the master bedroom and family room opening up to the large back patio. Low maintenance landscaping makes this an excellent investment with a cap rate return between 8% - 10% based on current market rents and a 35% expense factor. The home is 1,526 square feet and needs some minor repairs; garage door, broken windows, back patio roof, carpets cleaned, landscaping spruced up, etc.


Comparable Sales
12601 N 79th Ave, Peoria - Sold 3/16/2011 - Price $115,000
13253 N 76th Dr, Peoria - Sold 4/29/2011 - Price $122,000
7943 W Dahlia, Peoria - Sold 6/1/2011 - Price $135,000
13270 N 78th Dr, Peoria - Sold 7/25/2011 - Price $135,000

08/11/2011

http://www.investazrentals.com/property.cfm?property_id=36381

Great 3 bedroom 2 bath block home on a large lot (8,808 Square Feet). House is 1,933 square feet, built in 1977 and has never been remodeled. A good project for a rehab investor. Probably needs $10k+ in upgrades which include some of the following areas; kitchen, flooring, paneling and wall paper. Could be fix-n-flip or would make a good rental. Centrally located, close to freeways and shopping.

Comparable Sales
4842 W Cinnabar Ave, Glendale - Sold 5/25/11 - Price $110,000
4834 W Mission Ln, Glendale - Sold 6/10/11 - Price $108,000
4737 W Beryl Ave, Glendale - Sold 7/13/11 - Price $140,000
4943 W Ironwood Dr, Glendale - Pending (54 DOM) - $159,900

08/11/2011

Great 3 bedroom 2 bath block home on a large lot (8,808 Square Feet). House is 1,933 square feet, built in 1977 and has never been remodeled. A good project for a rehab investor. Probably needs $10k+ in upgrades which include some of the following areas; kitchen, flooring, paneling and wall paper. Could be fix-n-flip or would make a good rental. Centrally located, close to freeways and shopping.

Comparable Sales
4842 W Cinnabar Ave, Glendale - Sold 5/25/11 - Price $110,000
4834 W Mission Ln, Glendale - Sold 6/10/11 - Price $108,000
4737 W Beryl Ave, Glendale - Sold 7/13/11 - Price $140,000
4943 W Ironwood Dr, Glendale - Pending (54 DOM) - $159,900

08/04/2011

The attached article is an interview with Dr. Lawrence Yun, Chief Economist and Senior VP of Research at National Association of Realtors (NAR). Dr. Yun doesn’t answer the question, “When will real estate recover?”, which is smart since no one

08/03/2011

http://www.investazrentals.com/property.cfm?property_id=36649

New Paint and Carpet – Ready to Rent! This 4 bedroom 3 bath rental house has tile floors, a fenced pool, RV parking and a large lot. It’s also close to freeways and sits in a cul-de-sac. Great investment rental property and an excellent resale value when the time comes! Everything is ready to go! (A few more minor repairs are getting completed so price may change slightly.) Cap rate is between 8% – 10% based on current market rents and a 35% expense ratio. Price is $114,300. Location 13165 N 80th Dr, Peoria, AZ.

Comparable Sales
8558 W Pershing Ave, Peoria – Sold 3.31.2011 – Price $134,900
7607 W Dreyfus Dr, Peoria – Sold 5.2.2011 – Price $141,000
7720 W Surrey Ave, Peoria – Sold 6.17.2011 – Price $123,500

08/02/2011

More Info - http://www.investazrentals.com/property.cfm?property_id=36643

HUGE home in Tartesso. Buy this 3,500+ square foot 5 bedroom, 3.5 bath home for just over $29 a foot! Originally purchased in December 2007 for $250,000, you can buy today for less than half! Only $104,900. Plenty of room, close to I-10 and easy to resell when the time comes. Home is in great shape, just needs paint in a couple of rooms. Cap rate return is between 8% – 10% based on current market rents.

Comparable Sales in the Same Subdivision
3651 N 302nd Dr, Buckeye – Sold 3.11.2011 – Price $125,000
4118 N 304th Lane, Buckeye – Sold 3.15.2011 – Price $144,000
30177 W Flower St, Buckeye – Sold 6.10.2011 – Price $129,500
30208 W Flower St, Buckeye – Sold 7.25.11 – Price $135,000

07/30/2011

Just read an interesting article on Market Watch regarding Phoenix being the epicenter of the housing crisis. Some interesting information from opposite ends of the spectrum. I put down my thoughts on the matter. Read and let me know yours.