The Arizona real estate market is currently in a very unique situation with multi-family properties for sale… a lot of investors bought properties at the height of the market in 2005-2006 for great deals at the time. Now that the market has come down, a lot of investors find themselves upside down in properties that are no longer generating positive cash flow.
With prices drastically reduced, investors today are able to pick up multi-family properties in Arizona under $150,000 in some cases and generate a positive cash flow of over $1,000 PER MONTH! Right now we are finding 4 plexes in the east valley for under $100,000 sales price that will bring in a $500/mo rent (per unit) and only cost ~$700 if you hire a property management company to maintain if for you!! That’s a hands off, positive cash flow of over $15,000 per year!
Multi-family properties in Arizona are any property with the ability to hold more than one family – the smallest being a duplex (two units) and then up from there to larger rental complexes, easily consisting of hundreds of apartments.
The advantage of purchasing multi-family properties for sale, not unlike all income-producing properties, is that it provides real estate investors with the ability to support debt from the income the property produces (aka positive cash flow!!!). Some Arizona real estate investors like having all of their properties and tenants in one area versus owning 15 to 20 single family homes that are spread out all across town.
Whatever your investment strategy is, our team can help! We currently invest in the market and can help share our knowledge of great places to shop and pitfalls to avoid.
Below are listings from the Arizona MLS of mult-family properties for sale. Feel free to browse as long as you’d like, save homes as your favorites or contact us with any questions about any homes… all listings are updated daily, so check back as often as you like. If you find a home that you would like more information about or would like to see in person, please contact us and give us the opportunity to earn your business.