940 Arcadia Pl

**SEE ATTACHED DOCUMENTS FOR MARKETING PACKAGE**The Arcadia Cottages consist of 5 apartment homes including 2 stand alone cottages and 3 homes with minimal shared walls, each home has a large private yard and their own gated entrance. Unit mix includes Four 1 Bedroom/1 Bath Units and One 2 Bedroom/1 Bath Unit detached, 3 of the units have been recently remodeled. New ADU laws may allow for at least One Additional ADU with plenty of room in large rear yard, Buyer to verify. All of this on over 10,000 Square Feet of mostly flat lot. Nestled just a few blocks from Paradise Valley Hospital and easy freeway access to I-805. These Cottage homes have strong rents with plenty of room to increase with month-to-month tenants. A few upgrades to add to these homes with private yards and easily adding 2 additional washer/dryers will demand top dollar rents for high demand product and location. Fully Leased with Long-term tenants and adding tremendous rental upside, conservatively projecting over $1800 increases per month. This will be the new buyer’s gain as it will take the property from a 4.3 cap to a 5.8 cap in the very short-term with minimal additional costs to add this revenue. Additionally, the new owner could include RUBS billing for water to increase revenue. DO NOT GO ON PROPERTY. Call listing agent for more details