Multi Unit Properties are the Hot Ticket in Arizona
Positive cash flow, high cap rates, reduced prices, low vacancy rates, still one of the fastest growing areas in the country. Yes, this is what investors are seeing in the metro Phoenix market for multi unit properties and they are starting to act on the great potential here. The metro Phoenix area has a broad range of multi unit properties on the market. Some of the units I’ve recently seen are a clean fully occupied 4 plex for under $60K and a 12 unit complex, fully rented, for under $500k and lots of properties in between. There have also been several larger, hard to find, apartment complexes on the market for you investors with bigger plans (and bank accounts).
For all of you under 50 who are concerned about your future retirement accounts tied to the stock market (IRA, 401K), this may be a great time to diversify into real estate. Use some of that self directed retirement money and get into the real estate market while the numbers are in your favor. Real estate is a long term investment, if you’re looking for a flip property or something you can sell after a year or two for a substantial profit, this is still not yet the market for you. If you want a long term investment that has great growth potential while supplying you a positive cash flow immediately, now’s the time to get in.