1145 W Tonto St Phoenix, AZ 85007

Listing details for 1145 W Tonto St, Phoenix, AZ 85007 : Investor Alert! 4-plex close to downtown. Four 2 bedroom, 1 bath units. Long term tenants with below market rents currently collecting $2,800/mo. Investing in cosmetic upgrades and adding a washer/dryer would easily increase the rents to $1,250/ea or $5,000/mo for all 4 units. All leases are currently month-to-month. New exterior paint. Roof was replaced 4 years ago. Water heaters replaced within last 5 years. All units have window air conditioning systems. Fantastic location within close proximity to downtown. Significant growth in the area including the construction of Alta, a luxury apartment community, two blocks away.