Great Phoenix triplex opportunity with R-3 zoning and value-add potential! Property includes 3 separate units: front building offers a 2 bed/1 bath unit and a 1 bed/1 bath unit, plus rear 2 bed/1 bath unit. Each unit includes kitchen, living/dining area and full bath. Separate electric meters, shared water. Some units feature granite and updates. Property to be cleaned up and delivered at COE. R-3 zoning offers multifamily potential subject to City of Phoenix approval. Excellent opportunity for investor, rental portfolio, or future redevelopment. Convenient location near shopping, dining, schools and freeway access. Cash or hard money only. Buyer to verify all facts, figures, zoning, permits, uses and measurements.
Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.
You need to cover the seller's equity of $193,377. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
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.