Exclusive Deal: 2.75% Loan on this Prime Phoenix Property!

  • Asking $399,000
3731 West Crocus Drive, Phoenix, AZ, USA
Featured Coming Soon Pool
3731 West Crocus Drive, Phoenix, AZ, USA
  • Asking $399,000

Overview

Property ID: toc-27096
  • Single Family Home
  • Property Type
  • 5
  • Bedrooms
  • 2
  • Bathrooms
  • 3
  • Garages
  • 2016
  • sqft
  • 2008
  • Year Built

Description

Investors, here’s a financial game-changer in Phoenix’s real estate market! Presenting an exclusive off-market property at 3731 W Crocus Dr, uniquely positioned for a buy-and-hold investor. The highlight of this opportunity is the option to step into an existing loan with an incredibly low 2.75% interest rate, a rarity in today’s market where rates hover around 8%. Let’s break down the numbers: By taking over this loan, your monthly payment would be approximately $1,308.47. In contrast, securing a new 30-year loan at 8% would escalate your monthly expense to around $2,193.96. That’s an astonishing monthly saving of about $885.49! Annually, this translates to savings of over $10,625.88. This property isn’t just a physical asset, it’s a financial strategy set to enhance your portfolio’s profitability and stability over the next 27 years.

Note: In 2008, this property underwent a comprehensive rebuild, effectively modernizing it with new installations and upgrades. This includes but is not limited to new electrical and plumbing systems, a new roof, and other significant improvements. This extensive renovation provides a unique advantage, especially when compared to other homes in the area that were originally built in the 1960s and 70s.

Key Features:

  • Loan Terms: A unique opportunity to take over payments on a loan with a 2.75% interest rate and a principal balance of $299k, resulting in a monthly payment of just $1,308.
  • Size & Layout: Boasting 5 spacious bedrooms and 2 bathrooms, this home is designed for comfort and functionality.
  • Outdoor Features: A large covered backyard patio, surrounded by mature trees and complemented by attractive brick patios, creates a serene outdoor living space.
  • Interior Design: An inviting foyer leads into the home, featuring nice tile flooring and a highlight of the property – an expansive open-concept kitchen and living area, perfect for modern living and entertainment.
  • Kitchen: The heart of the home comes equipped with granite countertops, Alder shaker-style cabinets with glass faces, and stainless steel appliances. The under-cabinet and pendant lighting add a touch of elegance.
  • Move-In Ready: This property is almost renter-ready, requiring minimal touch-ups like a quick paint job and basic cleaning, making it an ideal and swift investment to start generating income.
  • Additional Benefits: Includes a swimming pool, promises low utility costs, easy maintenance, and the advantage of no HOA fees.
  • Prime Location: Situated close to ASU West and offering excellent access to the I-17 freeway, this property is positioned in a highly desirable area of Phoenix.
  • Investment Potential: Offered at $399,000 with an After Repair Value of more than $450,000, highlighting the property’s substantial growth and profit potential.
  • Rebuilt Advantage: Extensively rebuilt from the ground up in 2008, this home includes updates like new electrical systems, plumbing, and roofing, among others, setting it apart from typical neighborhood homes.

 

Priced for a quick sale at $399,000 and boasting an ARV of more than $450,000, this off-market property is a significant investment opportunity, especially with its low monthly payment of $1,308 on the existing mortgage. This is a prime chance to capitalize on this rare find for a strategic investment in Phoenix.

To learn more and secure this property, contact Anette Brown at (602) 448-7377 

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Details

Updated on November 30, 2023 at 12:02 pm
  • Property ID: toc-27096
  • Price: Asking $399,000
  • Property Size: 2016 sqft
  • Lot Size: 7939 sqft
  • Bedrooms: 5
  • Bathrooms: 2
  • Garages: 3
  • Garage type: Uncovered carport
  • Year Built: 2008
  • Property Type: Single Family Home
  • Property Status: Coming Soon
  • Address 3731 West Crocus Drive, Phoenix, AZ, USA
  • City Phoenix
  • State/county Arizona
  • Zip/Postal Code 85053
  • Area Thunderbird Village
  • Country United States

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DISCLAIMER: The content provided herein is for informational purposes and no representation or warranty is made regarding its accuracy or completeness. Property descriptions, documents, and pictures may not accurately describe or depict the property. You are encouraged to conduct your own due diligence and seek independent professional advice if necessary.

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