2BR Home in Phoenix , AZ

About This Property

Property Overview:- Type: Townhome-style Condo (Fee Simple)- Size: 2 bed / 2 bath, 1,011 sqft- Year Built: 1986- Stories: 1- Subdivision: Villas Northern 3- APN: 150-09-700A- Parking: 1 covered carport + 1 open space- Construction: Stucco / wood frame Property Highlights:- Take over an existing mortgage at 4.5% interest rate massive rate arbitrage in today's 7%+ market- Only Contact for details down payment fee gets you full control of a Phoenix condo without bank qualification- HOA covers water, trash, blanket insurance, front yard maintenance, street maintenance, and FULL ROOF REPAIR + REPLACEMENT dramatically reduces landlord/owner responsibility- Located in the Metrocenter Mall redevelopment corridor active revitalization with mixed-use development and light rail expansion in progress- Direct I-17 access at Northern Ave 15 min to Downtown Phoenix, 20 min to Sky Harbor Airport- Walking distance to North Mountain Preserve 2,600 acres of hiking, biking, and desert recreation- Ultra-low property tax base (~$465/year) keeps carrying costs down- Full amenities: tile + wood flooring, in-unit W/D hookups, central A/C, block wall backyard enclosure- Kitchen features electric range/oven and built-in microwave- Move-in ready no rehab required to begin operating Deal Structure Sub-To with Rate Arbitrage:- Purchase Price: $349,000- down payment Fee (Down): Contact for details- Loan Balance: Contact for details Interest Rate: 4.5% - Monthly Contact for details (will decrease after escrow analysis)- HOA: $239/mo- Total Monthly Carrying: ~Contact for details/mo- HOA Transfer Fee: $400 (one-time at closing)- No bank qualification required This isn't a discount-price acquisition it's a RATE ARBITRAGE play on a low-maintenance Phoenix condo in an active redevelopment corridor. Repairs Needed:- None required to begin operating property is functional and move-in ready- Optional cosmetic refresh for premium positioning- Estimated Repair Costs: $0 - Contact for details Location Fundamentals:- I-17 at Northern Ave interchange- Metrocenter Redevelopment Corridor (active revitalization)- North Mountain Preserve (2,600 acres of desert recreation)- 15 min to Downtown Phoenix- 20 min to Sky Harbor Airport- 25 min to Old Town Scottsdale- Schools: Alta Vista Elementary / Palo Verde Middle / Cortez High Ideal Buyer:- Owner-occupants who can't qualify conventionally (self-employed, credit recovering, recent immigrants building US credit)- House hackers seeking cheap housing + roommate income potential- Sub-To / creative finance investors (Pace Morby network, Creative Finance operators)- Long-hold appreciation investors betting on the Metrocenter redevelopment story- Anyone tired of paying Contact for details+/mo Phoenix rent with no equity build Serious creative finance buyers only. Must understand and accept Sub-To structure (due-on-sale clause risk, seller credit protection, insurance coordination). Contact for details down payment fee + take over existing debt = full control of a Phoenix condo without banking hurdles. EMD: Contact for details POF Required Remember, you miss 100% of the shots you don't take. Submit that offer today!

Listing Source