This 4-unit property in Phoenix's Garfield neighborhood shows promising rental potential. With estimated monthly rents ranging from $4,780 to $6,780, we're looking at annual revenue between $57K and $81K. The recent valuation jump to $722K suggests a strong market, with a payback period of roughly 9-13 years. Garfield's rising median listing prices bode well for long-term appreciation. The property's 1985 build offers a balance of established charm and potential for modern updates, which could really boost those rental rates.
To maximize rental income, consider strategic upgrades like energy-efficient appliances or smart home features – these can justify higher rents and attract quality tenants. If selling is on the horizon, highlight the property's consistent value growth and its location in an up-and-coming neighborhood. Maybe stage one unit to showcase its potential? Oh, and don't forget to emphasize those uncovered parking spaces – a hot commodity in urban Phoenix!