Tax & Insurance Not Included
estimate based on down, interest for
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This property functions as a family residence or as an investment property for ASU parents to house their college bound kids for less than dorm prices . The 4 BD/2B residence is an open concept with granite countertops including the refrigerator and W/D. The backyard has a large, covered patio surrounded by a mature lawn with a storage building and dog pens. Lighting across the patio creates a space to wind down. Flip the coin, and it an investment property with a cap rate currently at 7.1%. The current rent of $600 per room for ASU students is below market and rooms could rent for $650. It has been in use as an ASU student rental for the past four years. The circular drive provides an easy exit from your driveway down the short alley to Delker St so you never have to pull out onto Johnson St. Rear parking can be fenced in to extend the backyard for the addition of a workshop. PARENTS ASK ME ABOUT A KIDDY CONDO LOAN! ONLY 3.5% DOWN.