The Armory Apartments. 15 studios apartments in extremely desirable Armory Park. 5 units currently rented. Rents $350, $350, $375, $375,,$375. Individually metered for electric with split AC/heating units. Landlord pays water. No attempt to rent vacant units has been made in several months. This property has outstanding upside potential. There exists a very low income restriction for tenants, monitored by www.phxrevitalization.org. with aprox. 15 yrs. remaining. Seller financing possible with 50% down payment, 6% interest, 15 year amortization, 4 year balloon.