Fourplex FOR SALE in the heart of North Phoenix just minutes from the Desert Ridge Marketplace, SR 51, local schools and parks, shopping, and many other attractions. This deal perfect for an occupant! VA ASSUMABLE loan, see remarks. The unit mix is: one 1bed/1bath unit, one 2bed/2bath unit, one 2bed/1.5 bath TH style unit, & one 3bed/3bath unit. All units have generous square footage along w/ W/D hookups. Each unit has outdoor space w/ either a ground level patio or a balcony. Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, & gated access w/ fob entry. 3 of 4 units occupied w/ good paying tenants, all MTM. DO NOT Disturb Tenants. Drive By ONLY. See documents tab, rents in attachment & listed in MLS are actual. Indiv. metered for water.
Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.
You need to cover the seller's equity of $231,673. If you don't have that in cash, we can help structure secondary financing to cover the gap.
Yes — VA assumptions can be used for investment properties. You can rent this home out.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.